USDA Vs. FHA Pro and Con comparison in Chelsea, Shelby County, AL
As of 2025, the USDA loan limit in Chelsea, situated in the county of Shelby, AL, is $336,500. For an FHA single-family home, the limit is $472,030.
Utilize the Lendersa® USDA loan calculator to evaluate current top USDA compared to FHA rates. It aids in determining required qualifications, such as income, credit history, reserves, and necessary documentation. This advanced mortgage calculator provides a side-by-side comparison of USDA, FHA, Conforming, and VA loans, enabling you to choose the best option in for your financial situation.
2025 Loan Limits and Down Payment Specifications in Chelsea, Shelby, AL
Loan Type
Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Considering USDA and FHA Loan Options in Chelsea, AL
Lendersa® aims to promptly secure for you the finest USDA or FHA loan with ease. Opt for one of three initial steps to connect with matching lenders and USDA loan plans.
A USDA home loan, endorsed by the Department of Agriculture and known as a rural development loan or USDA mortgage, is solely accessible in rural areas. Unlike FHA loans requiring a down payment of at least 3.5%, USDA loans demand no down payment at all.
SimplyBank is a privately-owned community bank where local bankers make local decisions. Built on more than 130 years of service to East Tennessee and Northwest Georgia, we remain motivated to deliver simply exceptional experiences to every community we serve through seamless financial solutions.
Decatur County Bank has grown exponentially since opening more than a century ago. In 2010, we established West Tennessee Bank, in order to better serve customers in surrounding counties. In 2018, the Jackson branch of West Tennessee Bank opened on Union University Drive. Because of you, we continue to grow and thrive throughout West Tennessee
We were founded in 1885 and are the oldest financial institution serving Montgomery and Carroll County. The bank has been locally owned and operated since its founding. Bank of Winona provides a wide array of services to both businesses and individuals. Full Service Bank. Auto, Mortgage, Personal & Business Loans and Services.
At Central Sunbelt, we have tons of great options to buy, build, or enhance your home to fit your lifestyle and wallet. Flexible loan options paired with competitive rates and as little as zero down payment allow new or seasoned home-buyers to make the right decision for their home. We are excited to get started on making your dreams come true.
FNB Oxford Bank has over 65 employees who are a crucial part of this community. Not only do they contribute to the economic well-being of Lafayette County by providing loans and other banking services, they also contribute to the quality of life in Oxford and Lafayette County through civic and charitable activities.
We are your hometown, home-owned Bank. We're dedicated to providing the citizens of Lafayette and Pontotoc Counties and the surrounding area with a level of personal services that's hard to find in this modern era of megabanks and automated financial services. Oxford University Bank is a locally owned and operated community bank.
Mechanics Mortgage opened in December of 1996 to provide our community with specialized service in permanent residential financing. Our primary service areas are Oxford, Water Valley and the surrounding communities. We provide counseling and pre-qualification to those interested in purchasing or building a new home,
Jackson County Teachers Credit Union is a financial co-operative that exists for the benefit of its members & offers the most needed financial services at the most reasonable rates & terms possible to maintain the credit union's long term financial stability. The board & staff pledge to treat members equally with respect to their financial needs.
Farm Credit of Northwest Florida is part of the national Farm Credit System which was created in 1916 to provide a reliable source of credit for the nation’s farmers and ranchers. Today, the System provides more than one-third of the credit needed by those who live and work in rural America.
Artesian City Federal Credit Union was founded in 1950 on the credit union principle of “people helping people”. For more than fifty years, we have existed solely for the purpose of serving our members’ best interests. This focus on members instead of profits allows us to offer a full range of financial services specifically designed.
230 S. Jackson Street, Suite 333, Albany, GA, 31701
Albany Community Together, Inc. (ACT!) was created in 1997 with the primary mission to create opportunities by helping low-wealth individuals who are not served or underserved by traditional financial institutions to build wealth through small business ownership and access to capital. ACT’s mission has evolved to building wealth
