USDA Loan Vs. FHA loan pro & con Fort-Madison, Lee County, IA

In the year 2026, 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.

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.

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Fort-Madison Lenders
(319) 372-5164 Lender's profile and map Connection Bank 636 Avenue G, Fort Madison, IA, 52627 Lends in Iowa A long, long time ago, all the way back in 1854, the story of Connection Bank and Insurance began. In fact, it was the very first banking institution established in the state of Iowa. As the years passed, the name changed several times but ultimately settled as Fort Madison Bank & Trust (FMBT).
(319) 372-5141 Lender's profile and map Farmers Savings Bank 3542 168th St., Wever, IA, 52658 Lends in Iowa Farmers Savings Bank was founded in 1908 in Wever, Iowa. Business was conducted in the original building, just west of the railroad tracks, until 1996. In 1969 the building was remodeled and enlarged to include a drive-up facility. The bank moved into its current facility on the east side of Highway 61 in 1996.
(319) 469-3951 Lender's profile and map Pilot Grove Savings Bank 1341 Pilot Grove Rd, Pilot Grove, IA, 52648 Lends in Iowa Pilot Grove Savings Bank was established on May 12, 1911. Twenty-three investors pooled a total of $10, 000 to start the Bank and set up business in a small building on the western side of the only street in Pilot Grove, Iowa. Since that day, the Bank has continued to grow and prosper, serving customers in the Bank’s Southeast Iowa area.
(319) 392-4261 Lender's profile and map Danville State Savings Bank 109 North Main Street, Danville, IA, 52623 Lends in Iowa Danville State Savings Bank is a community institution with a legacy of strong and steady relationships. We look back at our history to help you move forward. Today’s customer requires access to account information after regular business hours — and from wherever she or he happens to be at the time. Your bank is ready to meet this demand.
(319) 524-8133 Lender's profile and map The Hub-Co Credit Union 310 Bank Street, Keokuk, IA, 52632 Lends in Iowa The Hub-Co Credit Union is Chartered in 1938, federally insured credit union (Insured by National Credit Union Share Insurance Fund, owned by its members. Unlike a bank or savings and loan association, a credit union is not for profit and is dedicated only to serving its members, who share a common bond such as employment at the same company.
(319) 754-2265 Lender's profile and map F&M Bank & Trust PO Box 928, Burlington, IA, 52601 Lends in Iowa Since 1916, we've built our bank on the belief that each and every client is important. Because of our personal approach to banking, today we offer a combination of technology, convenience and service you won't find anywhere else. Farmers & Merchants Savings Bank was chartered on March 1, 1916.
(319) 752-8745 Lender's profile and map Casebine Community Credit Union 485 West Burlington Avenue, Burlington, IA, 52601 Lends in Iowa It is the mission of Casebine Community Credit Union to enhance both members and employees lives through exceptional personal and financial services. From your first savings account, to a loan on your dream home and everything in between Casebine is where YOU belong! Becoming a member is easy!