USDA Vs. FHA Pro and Con comparison in Independence, Buchanan County, IA
In the year 2025, within the city of Independence in the county of Buchanan, IA, the USDA loan cap stands at $336,500, while the FHA ceiling for a single-family dwelling is $472,030.
Employ the Lendersa® USDA loan calculator to contrast today’s leading USDA and FHA rates and deduce the income, credit, reserves, and documentation required for qualification. Our advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA options side by side, aiding your decision on the most suitable program in for your specific financial need.
2025 Loan Limits and Down Payment Needs in Independence, County of Buchanan, IA
Loan Type
Loan Cap
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Financing Options in Independence, IA
The mission of Lendersa® is to provide you with the most effective USDA or FHA loan swiftly and with little hassle. Start by choosing one of the three pathways that align you with matching lenders and USDA loan alternatives.
A USDA home loan, backed by the Department of Agriculture (commonly known as the USDA rural development loan or USDA mortgage), is available solely in rural areas. In contrast to FHA loans demanding a minimum down payment of 3.5%, the USDA mortgage requires zero down payment.
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