USDA Vs. FHA Pro and Con comparison in Highland-Lakes, Shelby County, AL
For 2025, the USDA loan cap in Highland-Lakes, Shelby county, AL is set at $285,000, whereas the FHA cap for a single-family dwelling is $356,362.
Utilize the Lendersa® USDA loan calculator to examine today’s top USDA and FHA rates, and determine the income, credit, reserves, and documents required for eligibility. With our state-of-the-art mortgage calculator, you can view USDA, FHA, Conforming, and VA options side by side, aiding you in selecting the most appropriate program for your financial context in .
2025 Loan Limits and Down Payment Requirements in Highland-Lakes, Shelby County, AL
Type of Loan
Loan Cap
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Discovering USDA and FHA Loan Options in Highland-Lakes, AL
Lendersa® strives to swiftly and effortlessly secure the best USDA or FHA loan for you. Begin with any of these three options, each designed to connect you with matching lenders and USDA loan solutions.
The USDA home loan, backed by the government Department of Agriculture, is also referred to as a USDA rural development loan or USDA mortgage, accessible exclusively in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, the USDA mortgage doesn't necessitate any down payment.
At Gulf South Mortgage, you are more than just a number to us. We are locally owned and offer unmatched customer service by providing a more personal experience. Our staff will guide you from the initial consultation through the loan closing. You will experience an open line of communication
At Gulf Coast Community Federal Credit Union, we want to know what our members have to say. So if you have questions, comments, constructive feedback, or praise, don't be shy! Give us a call, swing by, or contact us via email using this handy form. We offer a wide range of financial services to help you chase your dreams with confidence
Farmers Bank and Trust has provided financial services to the community members, businesses, and farmers throughout Mississippi County and the surrounding region since 1908. Though the world looks a lot different now than it did in the early 1900s, the values we were founded on still guide us every day.
LOGAN FINANCE CORP is Industry Leading Investor For Correspondent Lenders.70 Years Ago Max Logan Founded Logan Real Estate For The Purpose Of Helping Young Families & Military Men Returning From World War II Achieve The Dream Of Owning A Home.Realizing The Need For High Quality, Low Cost Homes Logan Began Blytheville's First Housing Subdivision.
Lewisburg Banking Company was chartered on February 10, 1894. There were 35 original stockholders. The bank was chartered with 150 shares with each share selling for $100; thus making a capital investment of $15,000.
An organizational meeting of the stockholders of the proposed banking company to be located at Lewisburg, Logan County, Kentucky.
HopeSouth Credit Union is dedicated to helping you realize your financial goals, such as reducing your debt, saving for higher education, buying your first home, or planning for retirement and also Proudly serving the financial needs of those who live, work, worship, or attend school in Abbeville County, South Carolina.
Abbeville First Bank was organized April 24, 1907 under the name of Building and Loan Association of Abbeville. The assets at the time were only a few hundred dollars. The principal objective of the association was to encourage the common person to save money monthly for the primary purpose of building or buying a home.
Florida Rural Electric Credit Union was chartered in December 1975 to serve the Rural Electric Cooperatives in Florida. The Credit Union was housed in the Florida Electric Cooperatives Association, Inc., (FECA) building in Tallahassee and served as a supported entity of the Associations member January 1999 the Credit Union Board.
FAMU Federal Credit Union is a not for profit financial institution located at 1610 South Monroe Street Tallahassee, Florida 32301 in the United States. Established in 1935, FAMU Federal Credit Union is a low income and minority designated federal credit union with a Community Development Financial Institutions (CDFI) certification
