USDA and FHA Pro and Con in Grand-Bay, Mobile County, AL
In 2025, USDA loan limit in Grand-Bay, county of Mobile, AL is $285,000 while FHA limit is $356,362 for a single-family home.
Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.
2025 loan limits and downpayment requirments in Grand-Bay, county of Mobile, AL
Loan Type
Loan Limit
Down payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA loan options in Grand-Bay, AL
Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.
USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
Hebron Savings Bank began business in 1910 in a room, which was also used to store salt. One hundred pound bags of salt, used for hog killing, were stored in the room. Lots of times, the salt would spill out from the sacks particularly during damp weather as the sacks burst from the moisture.
Sovita Credit Union serves education and healthcare workers in Genesee, Lapeer, Livingston, Oakland and Shiawassee counties. We provide low-cost, high-value financial services to people who enrich, heal, lift and lead all others in the community. Founded in 1934 as Flint Teachers Credit Union,
Simple Mortgage was formed in February 2012 and has been in a growth mode ever since. The company is a Direct Endorsed Lender and offers all mortgage products at market competitive rates. It is privately owned by an individual with more than a decade of experience in the mortgage banking industry and a primary focus on superior customer service.
On January 13, 1953, a small group of people from the Hobbs Municipal Schools joined together to establish a credit union to offer its members an opportunity to accumulate their savings and create a source of credit. Since 1953, the credit union has experienced changes such as growth, new products & services, and technological improvements.
Chartered on November 2, 1928, during the great oil boom days the original Lea County State Bank of Lovington played an important part in the early development of this area. Dedicated to the people of Lea County, the bank adopted their pioneer spirit, which would eventually make this part of New Mexico great.
Bayside Mortgage Services Inc, we've been helping customers acheive the dream of home ownership since 2003. Our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process
Johns Hopkins Federal Credit Union was founded by a small group of Johns Hopkins University employees in 1971. As a credit union, our charter allows us to serve various groups. In our case, we have stuck to our roots, expanding to serve other Johns Hopkins and related entities. We truly are built by and for the Hopkins community.
Homewood Federal Savings Bank is your neighborhood bank of choice in Southeast Baltimore and in the greater metropolitan area. In business since the early 1900’s, we pride ourselves on providing exceptional customer service with a smile. Whether you are a Highlandtown neighbor or a resident of Canton, Fells Point or Harbor East.
