USDA Vs. FHA Pro and Con comparison in Elba, Coffee County, AL
As of 2026, the USDA loan limit for Elba, in Coffee county, AL, is set at $336,500. In comparison, the FHA loan limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best available USDA and FHA rates today. It helps you identify the necessary income, credit, reserves, and documentation for qualification. Our sophisticated mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA loans to assist you in deciding the best program for your financial scenario in Alabama.
2026 Loan Limits and Down Payment Requirements in Elba, Coffee County, AL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Discover USDA and FHA Loan Options in Elba, AL
The objective of Lendersa® is to swiftly and effortlessly secure you the optimal USDA or FHA loan. Select from one of three pathways that connect you with matching lenders and the corresponding USDA loan programs.
The USDA home loan, provided through the U.S. Department of Agriculture and commonly known as a USDA rural development loan, is exclusively available in rural areas. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans have no down payment requirement.
The mission of Solutions First Credit Union is to always provide value to all members. That value will include financial solutions for members needs and providing a level of service that is unmatched within our geographical footprint. We pledge to always look for alternative solutions that best meet the needs of each credit union member.
From our executives to the front-line staff members you interact with every day, all of our team members possess the knowledge to get the job done and the passion for serving. From helping you open an account or answering a question to providing financial advice, we’re always ready to assist any way we can.
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.
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.
The Commercial Bank of Ozark was chartered in 1959 and has served the citizens of Ozark and Dale county to the present. Douglas Brown organized the bank because the financial needs for new construction were going unmet by the community's primary bank. Members of the initial board of directors included Douglas Brown, William C. Brown, etc
Troy Bank & Trust was organized September 5, 1906, with capital stock of $50, 000.00. Among the organizers and first directors were: Charles Henderson, W.C. Windham, and W.C. Black. The bank was first located on North Three Notch Street but moved in 1908 to 70 West Court Square. In 1926
220 East Lawrence Harris Highway, Slocomb, AL, 36375
Lends in Alabama
Just about any bank can offer you a mortgage, a business loan, or Online Banking. We offer those services and many more. But at Friend, we offer something you can't find at just any bank: the loyalty, caring, and reliability you expect from a true friend. We're locally owned and managed, and all of our important decisions.
Five Star Credit Union wants you to succeed. We partner with you to help you fulfill your financial goals. Checking is always free along with our debit card, mobile app, bill pay, free fraud text alerts, and the free Five Star Digital Wallet. Credit Union wants you to succeed. We partner with you to help you fulfill your financial goals.
