USDA and FHA Pro and Con in Andalusia, Covington County, AL
In 2026, the USDA loan limit in Andalusia, located within Covington County, AL, is $336,500. Meanwhile, the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to assess and compare today's top USDA and FHA loan rates. Determine the income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator shows USDA, FHA, Conforming, and VA loans side by side, assisting you in deciding which program in is most suitable for your financial circumstances.
2026 Loan Limits and Down Payment Requirements in Andalusia, Covington, AL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Andalusia, AL
Lendersa® aims to secure the optimal USDA or FHA loan for you swiftly and without complications. Choose from one of three starting points designed to match you with suitable lenders and USDA loan options.
A USDA home loan, also referred to as a USDA rural development loan or USDA mortgage, is insured by the U.S. Department of Agriculture and available only in rural areas. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage requires none.
In March of 2005, a group of local business leaders came together with a concept, blended with veteran bankers who shared the vision for a true community bank in Opp and Andalusia. From that initial meeting, Southern Independent Bank opened its doors for business in December of 2006, bringing to our markets a fresh and service-driven institution.
The First National Bank of Dozier opened for business with a national bank charter. Henderson, a prominent entrepreneur at that time, was the bank’s first president for 8 years; yet, it is reported that he only entered the bank one time as he allowed the operations of the bank to be managed by local personnel.
Brewton Mill Federal Credit Union was started in 1959 as Brewton CCA Federal Credit Union. In 1999 we changed our name to Brewton Mill Federal Credit. Today our membership includes: Employees of Smurfit-Stone Container Corporation Brewton Mill, Brewton Mill Federal Credit Union Employees, Members of their immediate families
The first president of Bank of Brewton was Charles L. Sowell. He was employed in the milling and lumber business until the Civil War broke out. He took part in the bloody battles of Murfreesboro, Mission Ridge, Lookout Mountain, Chichamauga, Franklin, and Nashville. In the Nashville battle he lost his left arm when a rifle ball shattered it.
In 1979, a group of local businessmen founded First Citizens Bank with one purpose in mind: to provide a healthy banking environment for local businesses and individuals. The doors first opened on July 8, 1980, operating under a local management and conservative governing philosophy.
