USDA and FHA Pro and Con in Bay-Minette, Baldwin County, AL
In the year 2025, within Bay-Minette, in the county of Baldwin, AL, the USDA loan limit is set at $285,000. The FHA, on the other hand, has a limit of $356,362 for a single-family home.
Utilize the Lendersa® USDA loan calculator to assess the best rates for USDA versus FHA loans available today. Determine the necessary income, credit, reserves, and documentation needed to qualify. With our advanced mortgage calculator, view USDA, FHA, Conforming, and VA loans side by side to help decide which program in fits your financial circumstances best.
2025 Loan Limits and Down Payment Requirements in Bay-Minette, Baldwin County, AL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Explore USDA and FHA Loan Options in Bay-Minette, AL
Lendersa® aims to efficiently provide you with the best possible USDA or FHA loan, minimizing hassle. Start by selecting one of three pathways connecting you with matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is backed by the U.S. Department of Agriculture and is available exclusively in rural areas. In contrast to FHA loans, which necessitate a minimum 3.5% down payment, USDA loans require no down payment.
380 Red Lion Rd, Suite 210, Huntingdon Valley, PA, 19006
Traditional banks are very conservative about who they will lend money to and the process usually takes a very long time. At Approved Business Lending, we have access to over 100 lenders nationwide, with virtually unlimited capital. Let our specialists go to work for you in finding the cheapest and fastest loans to meet your specific need
First Financial Bank has been foundational in the community of Winnebago and surrounding area since beginning in 1870. It remains "Rooted in the Community" providing "Big Bank" services with small town service to our customers' personal, commercial, and agricultural banking needs.
The Bank of Alma…we are your community bank. The Bank of Alma is an independent bank which gives us the ability to make decisions right here so you get the answers you need, when you need them! As a community bank, we work hard to develop products and services that work for the local people.
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.
Community Bank Owatonna is committed to helping businesses grow and expand. We offer a full range of lending products designed, competitive rates and terms, and local decision making to help your business meet its financial goals.
Our lenders, each with more than 25 years of banking experience, take pride in structuring the most effective loan.
HomeTown Credit Union is a not-for-profit financial cooperative owned by members. Serving the communities of Dodge, Rice, Steele and Waseca counties in Southern Minnesota, HomeTown Credit Union has two locations in Owatonna and one location in Faribault. Loan options include home loans, land loans, personal loans, auto loans, school loans and more.
Local 41 IBEW FCU was federally chartered by the National Credit Union Administration in 1976 as a benefit for the members of Local #41 IBEW Union and their immediate family members. If you are a member or employee of Local 41 IBEW - you, your spouse, children and immediate family members are eligible to join the Credit Union
Great Erie FCU is a not-for-profit, cooperative financial institution; our goal is to help our members succeed and increase their financial strength The year was 1952. The place was at the Orchard Park High School. Several employees were gathered, earnestly discussing ways to help school employees
Consumer Trust Mortgage is approaching 30 years in business. We understand the challenges of today’s home financing market. Everyone at Consumer Trust Mortgage is part of a customer-centric culture that concentrates on you. We all work together to expand your lending options, close loans ahead of schedule, and create innovative new loan solutions.
Univest Home Loans is a division of Univest Bank and Trust Co. As a wholly-owned subsidiary of Univest Financial Corporation (UVSP) which was founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations throughout the Mid-Atlantic Region.
Allentown Mortgage Corp’s mission is to provide you with high quality mortgage and real estate programs that are tailored to fit your unique situation at some of the most competitive rates in the nation. After receiving your information, Allentown Mortgage Corp will be able to get a complete look at your financial situation
