USDA and FHA Pro and Con in Andalusia, Covington County, AL
In 2025, 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.
2025 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.
The philosophy of the State Bank of Canton has not changed since it was founded over 125 years ago. Quality service, community involvement, and overall stability are just as important today as when the bank was incorporated on May 15th, 1895.
The State Bank of Canton served the Canton community at 112 N Main for 79 years.
Vantage Bank Texas is a community bank focused on meeting the financial needs of small-to-medium sized businesses. We specialize in business lending along with business cash management services Our Vision is to build a financial services company that will be relevant, competitive, profitable, and visionary.
The First National Bank of Hope is a lengthy one. With almost 100 years of assisting our customers, we take pride in how we have grown in the communities we support.
1922 - The State Bank of Hope was sold to the Peoples State Bank
1923 - The Peoples State Bank was converted into a National Banking Charter named The First National Bank of Hop
Level Up Home Loans LLC, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
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.
Marc Nocera founded Home Smart Mortgage on the premise of offering competitive rates I was not able to offer through the branch correspondent models that have more padding in the rates." Marc Nocera has been in the real estate business for over 15 years. He started his career in real estate in mid 1990′s in West Bloomfield, Michigan.
Community Financial Credit Union is a not-for-profit, full-service financial institution headquartered in Plymouth, MI, with 13 branches in southeast and northern Michigan. For 70 years, Community Financial has been committed to giving back to the communities it serves.Membership is also available for businesses and other legal entities.
Next Bridge Funding was founded to meet the needs of underserved traditional bank customers. We provide fast, short term, Real Estate Financing on Commercial Real Estate in the Midwest. We pride ourselves on working at the speed of our customers. The Real Estate Market moves fast and so do we.
8221 Richie Highway, Suite 203, Pasadena, MD, 21122
Renaissance Lenders, Inc. is a full-service lender providing industry best solutions in residential purchase & refinance loans. Through our dedicated mortgage professionals, our commitment is to deliver an exceptional experience when purchasing or refinancing your home & a full lender that does all its processing, underwriting, & closing in house.
