USDA Vs. FHA Pro and Con comparison in Myrtle-Grove, Escambia County, FL
In 2025, the USDA loan limit for Myrtle-Grove, located in the county of Escambia, FL, is established at $285,000. In contrast, the FHA limit for a single-family home stands at $356,362.
To achieve an informed decision, utilize the Lendersa® USDA loan calculator for comparing today's most competitive USDA versus FHA rates. This tool will also help you ascertain the necessary income, credit score, reserves, and documents required for loan qualification. With our advanced, side-by-side mortgage calculator, you can easily compare USDA, FHA, Conforming, and VA programs to determine which financial solution is best suited for your specific needs in .
Detailed 2025 Loan Limits and Downpayment Requirements in Myrtle-Grove, within the County of Escambia, FL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Myrtle-Grove, FL
The primary objective of Lendersa® is to facilitate the acquisition of the most favorable USDA or FHA loan for you, quickly and effortlessly, without any hassle. Begin by selecting from one of three strategic starting points to match with ideal lenders and explore applicable USDA loan programs tailored to best meet your financial objectives.
A USDA home loan, which is a loan guaranteed by the United States Department of Agriculture, is commonly referred to as the USDA rural development loan or USDA mortgage. This financing option is exclusively available in designated rural neighborhoods. Unlike FHA loans that require at least a 3.5% down payment, the USDA mortgage allows buyers to purchase a home with no down payment required, providing a distinctive benefit for qualified individuals who meet the eligibility criteria.
89 Old Trolley Rd, Suite 102, Summerville, SC, 29485
Assurance Financial Services, Inc. is a mortgage brokerage located in South Carolina. We are on our client’s side throughout the transaction and communication is key. We are available 7 days a week to answer questions, provide guidance, and update buyers with each step of the process as it unfolds.
10040 Dorchester Rd, Suite 101, Summerville, SC, 29485
Our mission at Jeff Cook Real Estate is to empower our team to deliver the best service and to empower our clients to reach their real estate goals. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have. If you want someone who will work tirelessly to ensure your satisfaction
1101 Old Trolley Rd, Suite 100, Summerville, SC, 29485
New South Mortgage offers a wide selection of loan packages to meet the needs of each customer’s unique situation. Because we work with many lenders, we take the hassle out of shopping for a loan by doing the shopping for our clients. Our long time relationships with lenders also enable us to offer discounts and rates not available elsewhere.
Citizens First Mortgage Lending, LLC has been in business since 2018 with loan officers having experience over 20 years in the industry. Providing the best Options for purchasing or refinancing your home loans We pride ourselves on transparency and honesty from start to finish. We work as a team with the borrower providing.
Petit Jean State Bank was established in 1999 when a group of local Conway County business leaders recognized the need for Morrilton and Conway County to have a locally-owned and managed bank. In just 59 days, the organizers had influenced some 300 additional investors to commit to the new bank.
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Sentinel Mortgage is a Texas company that prides itself on getting YOU the best deal. We also understand that clients and realtors expect clear communication and availability in order to navigate the ever-changing mortgage waters. So don't waste time with a Big Bank that will take 2 months to close you and charge you handsomely for the privilege
Lewisburg Banking Company was chartered on February 10, 1894. There were 35 original stockholders. The bank was chartered with 150 shares with each share selling for $100; thus making a capital investment of $15,000.
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America's Mortgage Center specializes helping home buyers get into homes with very little or no money down. Over 20 years experience in FHA, VA, USDA Loans. We help seniors with Reverse Mortgages. Our low rates and low closing cost make all of our mortgage loans affordable for Refinancing, Home Equity Loans. Call us today to get started.