USDA Vs. FHA your options comparison in Fort-Madison, Lee County, IA

In the year 2025, the USDA loan maximum for Fort-Madison, located in the county of Lee, IA, is established at $285,000, whereas the FHA loan cap for a single-family residence is $356,362.

Lendersa® provides a USDA loan calculator to help you compare the most competitive rates between USDA and FHA loans today. This tool aids in identifying the necessary income, credit score, reserve funds, and documentation required for qualification. Our sophisticated mortgage calculator displays USDA, FHA, Conforming, and VA options side-by-side, assisting you in determining which program in suits your financial needs best.

Evaluate loan offers from a large pool of 100 lenders

2025 Loan Limitations and Down Payment Specifications in Fort-Madison, Lee County, IA

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 Solutions in Fort-Madison, IA

The mission of Lendersa® is to facilitate obtaining the most suitable USDA or FHA loan swiftly and effortlessly. You are encouraged to choose one of three starting paths that link you with the right lenders and USDA loan programs.

Results of Lendersa USDA loan requests and matches

Understanding USDA Loans in IA

USDA home loans, backed by the Department of Agriculture, known as USDA rural development loans or USDA mortgages, are exclusively offered for rural areas. In contrast to FHA loans that require a down payment of at least 3.5%, USDA loans do not necessitate a down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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