USDA and FHA Pro and Con in Elkins, Washington County, AR
For 2025, the USDA loan limit in Elkins, Washington county, AR is set at $336,500, whereas the FHA limit for a single-family home is $472,030.
Employ the Lendersa® USDA loan calculator to evaluate and contrast today's optimal USDA and FHA rates. This tool aids in determining the needed income, credit score, reserves, and documentation to qualify. With our advanced mortgage calculator, you can examine USDA, FHA, Conforming, and VA loans side by side, assisting you in selecting the ideal program in Alabama for your specific financial context.
2025 Loan Limits and Down Payment Requirements in Elkins, Washington, AR
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Choices in Elkins, AR
Lendersa® aims to quickly secure you the best USDA or FHA loan without unnecessary complexity. Begin by selecting one of three starting routes that align you with the appropriate lenders and USDA loan offerings.
A USDA home loan, backed by the Department of Agriculture—also known as the USDA rural development loan or USDA mortgage—is intended for rural neighborhoods. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans have no down payment necessities, offering a distinct advantage to qualifying applicants.
In September 1952 a few concerned employees of the Baptist Hospital saw the need for a way to provide much needed financial services to their fellow workers. The credit union opened with 8 charter members as Baptist Hospital Employees Federal Credit Union. In March 1971 the name was changed to Rapides General Hospital Employees FCU.
Southern Heritage Bank is an independently owned community Bank with a concern for meeting the financial needs of the residents of Rapides, Catahoula, and LaSalle parishes. Southern Heritage Bank is currently celebrating 44 years of service to residents of Lasalle, Catahoula and Rapides Parishes!
1412 Centre Court Dr, Suite 101, Alexandria, LA, 71301
In 1999, a group of Louisiana community/business leaders founded Red River Bank on the ideals of community banking. Today we've grown to a statewide footprint, and that community commitment is stronger than ever.
The origins of Red River Bank can be followed all the way back to the very heart of Louisiana. There, near the banks of the Red Rive
At Magnolia State Mortgage, LLC in Alexandria LA. We understand that situations such as your finances, your goals, are unique and you’re searching for Loan Programs that fit your needs. At Magnolia State Mortgage, meeting those specific needs with the right products and services is our commitment.
We were established in 1966 by a few state employees to serve state employees. Our mission statement is that "We provide quality services and help members attain financial success". Our membership consists of City, State, Federal employees who are employed or funded by a governmental entity, their immediate families.
The purpose of Eagle Express Federal Credit Union is to promote thrift among its members by affording them an opportunity to accumulate their savings, and to create for them a source of credit for provident or productive purposes. This Credit Union is federally insured by the National Credit Union Administration.
Founded in 1889, Trustmark is one of the South’s strongest and most respected financial institutions, comprised of more than 2, 800 professionals serving customers in over 190 locations throughout Alabama, Florida, Mississippi, Tennessee and Texas. We offer a comprehensive range of personal and business banking services - from personal banking.
Ford County State Bank succeeded the original Ford County Bank in 1902. The original Ford County Bank was constructed and opened by Asa Soule in 1887, and was in operation through 1897. Asa Soule was the developer of the Soule Canal or the Eureka Irrigation Canal. Ford County State Bank considers it a privilege to have served Spearville.
