USDA and FHA Pro and Con in Lake-Wales, Polk County, FL
For the year 2025, the USDA loan ceiling in Lake-Wales, located within Polk county of FL, is $285,000. Comparatively, the FHA limit for a single-family home stands at $356,362.
Make use of the Lendersa® USDA loan calculator to assess the most favorable USDA and FHA rates currently available. This tool can help you determine the necessary income, credit, reserves, and documentation for eligibility. Our sophisticated mortgage calculator allows you to compare USDA, FHA, Conforming, and VA loans side-by-side, enabling you to find the best program in that fits your financial needs.
Loan limits and downpayment requirements for 2025 in Lake-Wales, within the county of Polk, FL
Loan Type
Loan Cap
Initial Payment
USDA
$285,000
None
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA loan choices in Lake-Wales, FL
Our mission at Lendersa® is to secure the most advantageous USDA or FHA loan for you promptly and with ease. Begin at any of the three points that lead to an optimal match of lenders and USDA loan options.
A USDA home loan, also known as a USDA rural development loan or mortgage, is guaranteed by the government's Department of Agriculture. This financial product is limited to rural areas. Unlike FHA loans, which necessitate a minimum 3.5% down payment, a USDA mortgage carries no such requirement.
Universal Mortgage has been in business since 2001. They specialize in all types of mortgage loans with a primary interest in hard money loans ad investment loans. The main number is 843 576 1859. Mike Kinard the owners direct line is 843 576 5448. Mike has been a mortgage originator since 1991 and a top producer in the industry.
We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending..from purchase to refinance to construction lending.We have access to full range of mortgage sources & all of our lending specialist are dedicated to finding the right loan-with the best rates, terms & costs-to meet your unique needs.
126 Seven Farms Drive, Suite 160-B, Daniel Island, SC, 29492
The Mortgage Company, Inc. is owned by Tim Murphy. The Mortgage Company, on Daniel Island, South Carolina serving clients in Charleston, Mount Pleasant, Summerville, West Ashley, Hanahan, Ladson, Goose Creek and North Charleston offers ZipForHome, the latest in financial tools to begin the home buying process.
133 River Landing Drive, Suite 100, Charleston, SC, 29492
Anchor Mortgage proudly services North and South Carolina.We specialize in VA loans, FHA loans, conventional loans, refinances, commercial and investment loans, fix and flip loans and many more. We are the most creative direct mortgage lenders in the Carolina’s and have helped thousands of our clients get into the home of their dreams.
2265 Clements Ferry Rd, Suite 208, Charleston, SC, 29492
Coastlend Mortgage has been helping families since 2006 and has successfully closed more than 750 mortgage transactions. Our experience combined with exceptional customer service is what separates Coastlend from the rest. Our commitment to providing buyers with the best loans and making sure they have the best experience
Whether you're a first time homebuyer or an experienced borrower, The Bank of South Carolina's mortgage professionals can make the process clear and simple. Our knowledgeable professionals are trained to help you understand the entire loan process and select the most favorable loan product for your needs.
The mission of Solutions First Credit Union is to always provide value to all members. That value will include financial solutions for members needs and providing a level of service that is unmatched within our geographical footprint. We pledge to always look for alternative solutions that best meet the needs of each credit union member.
From our executives to the front-line staff members you interact with every day, all of our team members possess the knowledge to get the job done and the passion for serving. From helping you open an account or answering a question to providing financial advice, we’re always ready to assist any way we can.
