Explore the differences! FHA VS Conventional loan programs in Booneville, Prentiss County, Mississippi

In 2026, the limit for a Conventional loan in Booneville, which is located in the county of Prentiss, MS, is $726,200, whereas the FHA limit for a single-family home is $472,030.

Use the Lendersa® Conventional loan calculator to evaluate today's top rates for Conventional, FHA, and USDA loans. Determine what income, credit, reserves, and documents are necessary for qualification. Our advanced mortgage calculator allows you to view Conforming Conventional loans alongside USDA, FHA, and VA options to help you decide which program in MS suits your financial needs best.

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Loan Limits and Down Payment Requirements for 2026 in Booneville, Prentiss County, MS

Loan Type Loan Limit Down Payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

This comparison table applies to the following zip codes: 38829

Available Conventional and FHA Loan Options in Booneville, MS

The aim of Lendersa® is to secure you the most favorable Conventional, USDA, or FHA loan both quickly and without difficulty. Choose from three starting points to find matching lenders and loan programs.

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Booneville Lenders

  • FARMERS & MERCHANTS BANK MS
  • 111 West Clayton St, Baldwyn, MS, 38824
  • Lends in Mississippi
  • For over 70 years, Farmers & Merchants Bank has been serving the communities of Northeast Mississippi. What started as the dream of a local group of businessmen in 1941 is truly a success story in the banking industry today.

    Home owned and operated since 1941, Farmers & Merchants Bank prospers through a dedicated community.

  • Commerce Bank MS
  • 700 Taylor Street, Corinth, MS, 38834
  • Lends in Mississippi
  • Commerce Bank is a community bank providing friendly and personal service. We are an equal opportunity employer with 26 full-time employees, a convenient main office and more than $155 million in total assets as of December 31, 2021. Commerce Bank is the only locally owned and managed bank in Corinth, Mississippi and has more than 50 stockholders.

  • Renasant Bank
  • 209 Troy Street, Tupelo, MS, 38804
  • Lends in Mississippi
  • Our vision is to be the financial services advisor and provider of choice in each community we serve. Our Mission is to To provide quality financial services and advice by: Understanding, then meeting the needs of our customers, Creating security and opportunity for our employees, Being good citizens in our communities.

  • BNA Bank
  • 133 E Bankhead St, New Albany, MS, 38652
  • Lends in Mississippi
  • Bank of New Albany, BNA Bank is a state-chartered bank that has grown from a single location in downtown New Albany to 8 total locations. BNA Bank is one of the few ‘A’ rated banks by Weiss Bank Rating Services and was inducted into the Seifried and Brew Top 15th percentile of community banks.

  • Gum Tree Mortgage
  • 218 S Thomas St, Suite 105, Tupelo, MS, 38801
  • Lends in Mississippi
  • Gum Tree Mortgage assists clients from all credit grades and secures mortgage loans in the states of Mississippi and Montana. We pride ourself on having unique products to fit the various needs of our clients. Contact Gum Tree Mortgage at 877-356-6528 to find out more about the products and services we can provide