USDA Vs. FHA Pro and Con comparison 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.
FVSBank began business in Fond du Lac, Wisconsin in 1934 and subsequently expanded to serve the Oshkosh and Waupun areas. Our goal was to provide a safe place for people to deposit their money, and a trusted source for loans. Today, our financial strength allows us to provide the same services as the big box banks – locally – to individuals.
Savings Bank of Walpole is a state chartered mutual savings bank insured by the Federal Deposit Insurance Corporation (FDIC).
We are a financial institution like no other in our market, a financial institution without a shareholder, a mutual bank. Here today, and prepared for tomorrow. Providing the best in banking values — we are your advocat
We pride ourselves on being a community bank that offers the capabilities of a big bank while staying dedicated to the well-being of our clients. We value giving back to our community by focusing on the needs of local organizations, businesses and families. Our Vision is Building financial foundations for successful client relationships.
The Lowell Firefighters Credit Union is a member owned and operated financial institution. Our mission is to educate our members and provide a reliable, secure, friendly financial environment, which features benefits and advantages from our financial services, in order to help members gain some measure of personal financial success
AM Mortgage Brokers Inc, is a family run business, with strong ties to the local community. Our low overhead allows us to out price our competition. We guarantee to offer you better service and more affordable loan programs than the larger mortgage brokerages or banks. Our competitors’ high operating costs.
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The Savings Bank is a community bank founded back in 1869 and is headquartered in Wakefield, Massachusetts in the heart of Middlesex County. TSB offers a complete range of both Commercial and Consumer banking products and has eight full-service branches. Member FDIC, Member DIF, and Equal Housing Lender.
Community Savings Bank is a FDIC state chartered community bank, established in 1910. We are a locally owned and operated bank chartered in Edgewood, Iowa with over 500 million in assets. Currently, Community Savings Bank has 10 convenient locations throughout Clayton, Delaware, Dubuque, and Linn counties.
