USDA Vs. FHA Pro and Con comparison in Carmel-by-the-Sea, Monterey County, CA
For the year 2026, the USDA loan limit in Carmel-by-the-Sea, located within the county of Monterey, CA, is set at $683,500, whereas the limit for an FHA loan applicable to a single-family home is $915,400.
Make use of the Lendersa® USDA loan calculator to compare the top USDA and FHA rates available today. This will help you determine the necessary income, credit score, reserves, and documentation required to qualify. Our sophisticated mortgage calculator illustrates the USDA, FHA, Conforming, and VA options side by side, enabling an informed decision on which program in suits your financial circumstances best.
2026 Loan Limits and Downpayment Requirements in Carmel-by-the-Sea, Monterey, CA
Loan Type
Loan Limit
Downpayment
USDA
$683,500
0%
FHA
$915,400
3.5%
Conventional Conforming
$915,400
3%
USDA and FHA Loan Selection in Carmel-by-the-Sea, CA
Lendersa® is committed to securing you the most advantageous USDA or FHA loan swiftly and without unnecessary hassle. Begin with one of three options, leading to compatible lenders and USDA loan programs tailored just for you.
The USDA home loan is a federally backed mortgage program facilitated by the Department of Agriculture, commonly known as a USDA rural development loan or USDA mortgage, restricted to rural areas. In stark contrast to FHA loans, which necessitate a minimum downpayment of 3.5%, USDA mortgages feature a no downpayment requirement.
In 2000, Tonya Jenkins (“TJ”) had been in the mortgage business for seven years. She had worked as a single loan originator at a local bank and then moved to a manager of a regional mortgage company. She found herself wanting to build a mortgage team, which is when Home Team Lending was born.
Our mission is to help you achieve the dream of home ownership using education at the forefront. Our focus is on supporting you throughout every milestone of the lending process with transparent communication and by empowering you through knowledge.Our leading-edge processes allow for swift and precise approvals.
In the late 1880's and early 1900's several associations were organized to make loans on homes and business property and to accept people's savings. Some of the names of these associations were Home Building and Loan Association, Johnson County Building and Loan Association and Buffalo Building and Loan Association.
First Northern Bank of Wyoming was founded in 1885 on the bedrock principle that our success would be solely dependent on that of our community and customers. From our origins in a humble, wood frame building with a starting capital of $50, 000, to our continuous growth throughout the last century.
The Reichert Mortgage Team, LLC specializes in residential home loans, VA loans, and refinancing opportunities for the residents of El Paso County. We are dedicated to giving you the best options possible when it comes to purchasing a home, which is why we offer several assistance programs and credit counseling services!
Integrity First Financial, Inc., a Colorado mortgage lender, has been providing all types of residential loans in Colorado since 2002 and is accredited by the Better Business Bureau (A+). At IFF, we take pride in the business that we have built and we are here to help you with your mortgage needs.
Century Savings and Loan Association was chartered in 1903 as Century Building and Loan. The primary purpose, at that time, was to provide share accounts which in turn were used to provide home mortgage loans. We have grown quite a bit since then, expanding our deposit products to include Checking accounts, MMDA accounts, Certificates of Deposit.
The First National Bank in Trinidad opened its doors on April 16, 1875, a year before Colorado was granted its statehood and the town of Trinidad incorporated. First National began a journey traveling and growing with the nation, the West, and Trinidad through the best and worst of times.
MK Mortgage Group LLC headquarters is in Elizabeth, Colorado. MK Mortgage Group LLC is in the sectors of: Financial Services. This company is a banking company based out of 1660 Prominence Circle. When we pre-qualify you, we help you determine how much of a monthly mortgage payment you can afford
