Explore the differences! FHA VS Conventional loan programs in Covington, Tipton County, Tennessee
In 2025, the conventional loan limit for Covington, situated in Tipton, TN is $726,200, while the FHA cap for a single-family home is $472,030.
Utilize the Lendersa® Conventional loan calculator to explore the best rates for Conventional, FHA, and USDA loans today. Determine income, credit, reserves, and documents you need to qualify. This advanced tool allows you to compare Conforming Conventional, USDA, FHA, and VA loans side by side, helping you choose the optimal program for your financial needs in TN.
2025 Loan Limits and Down Payment Details in Covington, Tipton, TN
Loan Type
Maximum Loan
Minimum Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This comparison table applies to zip codes: 38019
Conventional and FHA Loan Choices in Covington, TN
The aim of Lendersa® is to efficiently match you with a suitable Conventional, USDA, or FHA loan, hassle-free. Choose one of three approaches to connect with lenders and loan programs that fit your needs.
The Frederick Community Bank has a storied and community-focused history since the beginning. The bank started out as the Clarence State Bank and was founded in 1908 by the bank’s first president David Arthur Frederick. The Frederick family wanted to help serve the local farmers and their communities in the Clarence and Goodwine areas.
Our mission at Hendricks County Bank and Trust is to promote economic prosperity-- improving the quality of life in the community we serve. We will do this by providing quality banking services in a professional manner with employees who are empowered to recognize and respond to the needs of our customers.
Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice
First Chance Mortgage has been serving clients in Georgia with affordable mortgage loans since 2000. Our staff if dedicated to the highest levels of customer service available to existing Georgia homeowners and future homeowners! Mortgage has been serving clients in Georgia with affordable mortgage loans since 2000.
22nd State Bank has been evolving for over 100 years but our mission has remained the same – meeting the financial needs of our customers, providing exceptional personalized customer service and serving our local communities. Our continued success is a product of the way we’ve remained the same. We care about relationships.
AFC Mortgage wants to be your lender that can design a program that fits your particular home financing needs both now and in the future. Our rates are very competitive and we have a wide variety of financing options available to you.
Our affiliation with numerous lenders allows AFC Mortgage the potential to save you thousands of dollars
In an increasingly centralized business environment — where the main office may be hundreds of miles away in another state — it's reassuring to know that there are still truly "home-owned" companies. Magnolia Mortgage Company has been making a name for itself in the Mobile area since 1990.
Our family at Mortgage Team 1 is committed to providing our clients with the highest quality financial services. Our professional Mortgage Planners will work with you one on one to ensure that you get a financial plan that is tailored specifically to meet your mortgage needs. Whether you are purchasing your dream home,
