USDA and FHA Pro and Con in Merritt-Island, Brevard County, FL
As of 2026, the USDA loan limit in Merritt-Island, within Brevard county of FL, is set at $285,000. Meanwhile, for a single-family home, the FHA loan limit stands at $356,362.
Utilize the Lendersa® USDA loan calculator to examine and compare today's top USDA and FHA interest rates. Determine the income, credit score, reserves, and documentation needed for eligibility. By employing our comprehensive mortgage calculator, you can view USDA, FHA, Conforming, and VA options side by side, aiding you in selecting the most suitable program in for your unique financial requirements.
2026 Loan Limits and Down Payment Specifics in Merritt-Island, Brevard, FL
Type of Loan
Maximum Loan Limit
Initial Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA Loan Selections in Merritt-Island, FL
Lendersa® is committed to securing the best USDA or FHA loans swiftly and without complications. Choose from three initial steps that help align you with lenders offering USDA loan solutions.
A USDA home loan, backed by the U.S. Department of Agriculture, is commonly referred to as a USDA rural development or USDA mortgage loan. It is specifically offered in rural areas. Unlike FHA loans, which necessitate a minimum 3.5% down payment, USDA loans require no down payment at all.
Canandaigua FCU is a Credit Union that is a not-for-profit financial institution. Serving our members with financial products and services from savings to loans and everything in between. We have Mobile Banking, Home Banking and Bill Pay free to our members.Credit Union that is a not-for-profit financial institution.
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