Explore the differences! FHA VS Conventional loan programs in Alfred, Allegany County, New York
In 2025, the conventional loan limit for Alfred, situated in Allegany county, NY, is $726,200, while the FHA cap for a single-family residence is $472,030.
Leverage the Lendersa® Conventional loan calculator to evaluate today's top rates between Conventional, FHA, and USDA loans, as well as understand what income, credit level, reserves, and documentation are needed for qualification. Through our advanced mortgage tool, you can see Conforming Conventional loans beside USDA, FHA, and VA options, assisting you in determining which program in NY aligns best with your financial profile.
2025 Loan Limits and Down Payment Details in Alfred, County of Allegany, NY
Loan Type
Loan Limit
Minimum Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This table is relevant for the following zip codes: 14802, 14803, 14806
Conventional and FHA Loan Programs in Alfred, NY
Lendersa® aims to efficiently connect you to the best Conventional, USDA, or FHA loans available, eliminating unnecessary hassle. Start your process with one of three methods to match with lenders and receive program options.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Founded in 1855, Dollar Bank is, well, different. We’re an independent community bank. That means no publicly traded stock and no shareholders. And that means we can focus on what we do best: empowering the people and communities we serve to do the things they hold dearest.
Over more than 165 years, we’ve grown to become a large
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Funding Resources Mortgage Corporation on a platform of superior quality lending practices, uncompromising integrity and unprecedented client service. FRMC is a client-focused mortgage-banking firm designed to make every clients’ mortgage experience pleasant and successful. FRMC accomplishes this goal
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XCEL Federal Credit Union is federally insured, regulated, and examined annually by both the federal government and an independent CPA firm. Each member’s deposits are insured to the $250, 000 maximum allowable limit by the National Credit Union Administration (NCUA), which is backed by the full faith and credit of the U.S. government.
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At Reverse Mortgage Funding LLC (RMF), we are dedicated to helping older Americans live the retirement lifestyle that they imagined and deserve, in the comfort of their own home. Reverse mortgages are our only line of business, and meeting the needs of this important segment of our society is at the core of everything we do.
