USDA Vs. FHA your options comparison in Lake-Panasoffkee, Sumter County, FL
In the year 2025, the USDA loan limit set in Lake-Panasoffkee within Sumter, FL, stands at $285,000, whereas for the same single-family home, the FHA limit is $356,362.
To weigh today's USDA versus FHA rates, utilize the Lendersa® USDA loan calculator which illustrates the required Income, credit score, financial reserves, and necessary documents for qualifying. Our comprehensive mortgage calculator compares USDA, FHA, Conforming, and VA loans side by side. This helps you decide the most suitable option for your specific financial needs in .
Loan limits and down payment needs for 2025 in Lake-Panasoffkee, located in Sumter, FL
Type of Loan
Maximum Loan
Required Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Available USDA and FHA Loan Programs in Lake-Panasoffkee, FL
The objective at Lendersa® is to swiftly and effortlessly connect you with the best USDA or FHA loan. You can start from any of these three options to match with lenders and their USDA loan programs:
A USDA loan is a government-backed mortgage offered by the U.S. Department of Agriculture. Otherwise known as USDA rural development loans or USDA mortgages, they are designated for rural areas exclusively. Differing from FHA loans, which mandate a down payment of at least 3.5%, USDA loans feature no down payment requirement.
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