Explore the differences! FHA VS Conventional loan programs in New-Albany, Union County, Mississippi
As of 2026, the Conventional loan threshold in New-Albany, situated within the county of Union, MS, is $647,200. Meanwhile, the FHA ceiling for a single-family home is pegged at $420,680.
Take advantage of the Lendersa® Conventional loan calculator to differentiate today's top rates between Conventional, FHA, and USDA loans. Determine the qualifying income, credit score, reserves, and paperwork necessary for qualification. With our cutting-edge mortgage calculator, observe Conforming Conventional loans, USDA, FHA, and VA loans side-by-side for an optimal decision on the best program for your unique financial circumstances in MS.
2026 Loan Limits & Downpayment Requirements in New-Albany, County of Union, MS
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$647,200
3%
USDA
$285,000
0%
FHA
$420,680
3.5%
The comparative table is applicable to zip codes: 38652
Options for Conventional and FHA Loans in New-Albany, MS
Lendersa® aims to offer you the most favorable Conventional, USDA, or FHA loan swiftly and with ease. Choose one of three strategic starting points for finding matching lenders and loan programs.
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.
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.
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
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.
Mechanics Mortgage opened in December of 1996 to provide our community with specialized service in permanent residential financing. Our primary service areas are Oxford, Water Valley and the surrounding communities. We provide counseling and pre-qualification to those interested in purchasing or building a new home,
We are a private financial institution for members of our community and surrounding areas. We are a full-service federally insured bank. We provide a large selection of banking products and services, with options to meet every level of need. We offer checking and savings accounts; mortgage loans; personal loans; and small business loans.
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.
The Bank of Okolona is a hometown bank that has been serving Chickasaw County and the surrounding area for over 75 years. Whether it is a personal deposit account or a business loan that brings you to the Bank of Okolona, we can help. We hope this website and its contents will be helpful with your banking from home or the office.
