USDA and FHA Pro and Con in Grimes, Polk County, IA

In 2025, the USDA loan limit for Grimes in Polk county, IA, is set at $336,500. Meanwhile, for a single-family home, the FHA limit is $472,030.

Utilize the Lendersa® USDA loan calculator to evaluate and compare today's prime USDA and FHA rates. It helps determine the necessary income, credit, reserves, and documents for eligibility. Our sophisticated mortgage calculator allows side-by-side comparison of USDA, FHA, Conforming, and VA options, guiding your decision on the best financial program in for you.

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2025 Loan Limits and Down Payment Requirements in Grimes, Polk, IA

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Discover USDA and FHA Loan Choices in Grimes, IA

The mission of Lendersa® is to efficiently secure the best USDA or FHA loans for you, free of complications. Opt for one of three initial steps to connect with lenders and discover USDA loan programs.

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Understanding USDA Loans in IA

A USDA home loan, also known as a USDA rural development loan, is a government-backed mortgage provided by the Department of Agriculture. It is accessible solely in rural regions and distinguishes itself by requiring no down payment, unlike FHA loans, which demand at least a 3.5% down payment.

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



  • First Savings Bank
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  • First Savings Bank is a subsidiary of First Savings Financial Group, Inc. which is headquartered in Jeffersonville, Indiana. First Savings Financial Group, Inc. is listed on the NASDAQ National Market under the symbol "FSFG" and is a community-focused financial holding company with assets of $1.7 Billion
  • Chemco Federal Credit Union
  • 4200 Bells Lane, Louisville, KY, 40211
  • Chemco Federal Credit Union has been serving members since 1967. Today, Chemco Federal is now serving 30 SEGs, with the BFGoodrich Company being our original sponsor group. The Credit Union is a non-profit organization owned and operated by the membership. Each member has ownership in the Chemco Federal Credit Union by their five (5) dollar share.
  • Bank of Vici
  • 121 West Broadway Street, Vici, OK, 73859
  • The Bank of Vici acquired an organizational charter date of October 22, 1902. In 1914, the Bank of Vici consolidated with the First Bank of Cestos with John F Windolph as the principal organizer and was its first president, a position he held until his death in 1956. The Bank of Vici celebrated its 100th anniversary on October 22, 2002.
  • Aeroquip Credit Union
  • 901 Plymouth Street, Jackson, MI, 49201
  • Aeroquip Credit Union is a full service credit union and a not-for-profit financial cooperative, which means we help our members save money in the form of high-return savings and low-rate loans. Because we are owned by our members, the membership is our top priority. We are dedicated to providing you with exceptional service
  • American 1 Credit Union
  • 718 E Michigan Avenue, Jackson, MI, 49201
  • American 1 began as the Jackson Co-Op Federal Credit Union, a service provided to members of the Jackson Co-Op, and was founded in 1950. The Jackson Co-Op Credit Union was originally located at the local United Rubber Workers Hall 185 on a part-time basis, featuring 47 members, three full-time employees in its first year.
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  • At Flagstar, we believe in the Human Interest Rate. It’s not the interest rate other banks talk about, but we do. We have genuine interest in helping our customers achieve their financial goals and bringing solutions within reach. While you’re here, please reach out to us any time.
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  • 801 Box Butte Avenue, Hemingford, NE, 69348
  • On March 29, 1951, the Hemingford Co-Operative Federal Credit Union was granted its charter by the Bureau of Federal Credit Unions. The credit union has assets totaling $9.92 Million and provides banking services to more than 1, 000 members. The credit union is a member-owned financial cooperative providing banking services including savings
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  • U.P. Employees Federal Credit Union is a member-owned financial institution that is not for profit, not for charity, but for service. The Credit union is committed to the philosophy of people helping people. Union Pacific Railroad and Amtrak employees as well as their immediate family members.