USDA Vs. FHA your options comparison in Centerville, Appanoose County, IA
For 2026, the USDA loan limit in Centerville, within Appanoose county of IA, is $336,500, whereas the FHA limit for a single-family home is $472,030.
Utilize Lendersa® USDA loan calculator to contrast today's best USDA and FHA rates and determine the required income, credit, reserves, and documentation needed to qualify. Our comprehensive mortgage calculator enables side-by-side comparisons of USDA, FHA, Conforming, and VA programs, ensuring you select the best option in tailored to your financial situation.
2026 Loan Limits and Down Payment Requirements in Centerville, Appanoose, IA
Loan Type
Maximum Loan
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Centerville, IA
Lendersa® aims to quickly and smoothly help you secure the best USDA or FHA loan options available. Choose from one of three initial paths that connect you with matching lenders and USDA loan programs.
A USDA home loan is officially backed by the government through the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, and is available exclusively in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, a USDA mortgage does not require any down payment at all.
Iowa Trust and Savings Bank is proud to be your locally owned community bank. We are deeply rooted in Appanoose County and the surrounding areas. Iowa Trust and Savings Bank originated from the charter of two banks on July 13, 1896. The bank is still owned by the same family and opened in our current Centerville location on June 30, 1965.
First Iowa State Bank is located in Albia, Iowa, county seat of Monroe County, on the northeast corner of the city square. The original building was built in 1869 and housed a number of businesses until 1922 when it was completely gutted and rebuilt by the Iowa Trust and Savings Bank. The present bank was formed in 1930.
Meridian Credit Union is a not-for-profit, member-owned financial cooperative that exists to serve its members. Being a not-for-profit cooperative means we return a portion of earnings back to our members by offering competitive rates on deposits & loans. Meridian Credit Union provides a safe place to save & borrow money.
South Ottumwa Savings Bank has grown from a simple currency exchange to a full-service financial institution with acquired offices of Hedrick Savings Bank in 2011, West Liberty State Bank in 2015 and Peoples State Bank in 2020. A community bank, with decisions made locally by people who know the community and surrounding areas.
Community 1st Credit Union is a Not-For-Profit financial cooperative that has been serving members for over 85 years. From a humble beginning, we have grown to serve over 60, 000 members. As a Not-For-Profit financial institution, we give returns to our members in higher savings rates, better services, and lower borrowing rates.
