USDA and FHA Pro and Con in Fairfield, Jefferson County, IA
For 2026, the USDA loan limit in Fairfield, within Jefferson county, IA, is $336,500. Meanwhile, a single-family home has an FHA limit of $472,030.
Utilize the Lendersa® USDA loan calculator to evaluate today's top USDA versus FHA rates. Identify the income, credit, reserves, and necessary documents for qualification. Our advanced mortgage calculator shows USDA, FHA, Conforming, and VA loans side by side, helping you choose the best option for your financial situation in .
2026 Loan Limits and Down Payment Requirements in Fairfield, Jefferson, IA
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Selections in Fairfield, IA
The goal of Lendersa® is to swiftly provide you with the best USDA or FHA loan available, effortlessly. Select one of three starting options that connect you with lenders and USDA loan programs.
A USDA home loan, backed by the Department of Agriculture, also referred to as a USDA rural development loan or USDA mortgage, is exclusively available in rural areas. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans require no down payment.
Iowa State Bank and Trust Company of Fairfield, Iowa
55 South 4th Street, Fairfield, IA, 52556
Lends in Iowa
Iowa State Bank & Trust Company opened its doors for the first time on May 19, 1934, after a merger between Iowa State Savings Bank and the Iowa Loan and Trust Company was agreed to create a strong unified bank during the Great Depression. That same year, the bank was accepted into the Federal Reserve System.
At Libertyville Savings Bank, we live and work in the same community as you. We get to know you and your banking needs so that we can provide the kind of five-star service you deserve. We have 6 offices in southeast Iowa, whether you’re in Fairfield, Libertyville, Eldon, Keosauqua, Keota, Douds or the surrounding area.
5 Star Community Credit Union is committed to serving our members and our community! When you walk in our door, we like to know your name. We offer competitive loan rates all the way from recreational loans to auto and even home. We serve almost 5,000 members and have 2 locations for your convenience, Mt. Pleasant and West Burlington, IA.
Federation” is commonly defined a union of organizations. We believe that we are more than just a union of organizations but also a union of communities by serving Washington, Brighton, Richland and Wellman, Iowa. We belong together because “Together We’re Strong and In 1906, Rubio Savings Bank was chartered as a state bank in the railroad town of
Washington State Bank was originally chartered in 1932 in Washington, Iowa and has since opened up two additional branches in Columbus Junction and Fairfield. The bank offers many fine products and services including online banking, mobile banking, account options, loans, fraud protection and more.
County Bank is an Iowa chartered bank first organized in 1884 in Sigourney, Iowa. Currently County Bank’s main office is on the southeast corner of the Square in Sigourney with locations in Deep River, Gibson, Hartwick, Montezuma and Williamsburg.
County Bank has a strong commitment to the communities we serve.
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.
