USDA Loan Vs. FHA loan for Red-Oak, IA [Montgomery County ]

For 2026, in Red-Oak within the county of Montgomery, IA, the USDA loan limit is $285,000. Meanwhile, for a single-family residence, the FHA limit is $356,362.

Leverage the Lendersa® USDA loan calculator to compare the top USDA and FHA rates currently available and determine the necessary income, credit, reserves, and documentation to qualify. Our sophisticated mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, assisting you in selecting the best one for your financial requirements in .

USDA and FHA Loan Options in Red-Oak, IA

The aim of Lendersa® is to efficiently secure the most beneficial USDA or FHA loan without complications. Start by choosing one of three initial options that align you with appropriate lenders and USDA loan offerings.

Lendersa USDA loan queries and match outcomes

Understanding USDA Loans in IA

A USDA home loan is government-backed by the Department of Agriculture, known alternatively as a USDA rural development loan or USDA mortgage, and it is available exclusively in rural locales. Unlike FHA loans requiring a minimum down payment of 3.5%, USDA mortgages require no down payment at all.

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(712) 542-2103 Lender's profile and map CORNERSTONE BANK CLARINDA, IA 123 East Main St, Clarinda, IA, 51632 Lends in Iowa Cornerstone Bank in Clarinda Iowa is a full service bank. We have many banking services to provide to southwest iowa and the surrounding areas. Cornerstone Bank offers Personal Banking, Business Banking, Telebanking, and Online Banking. We offer a variety of loan products that fit your needs.
(712) 487-3000 Lender's profile and map Treynor State Bank 15 East Main Street, Treynor, IA, 51575 Lends in Iowa TS Bank we are all about community prosperity and much of this vision has helped to attract and retain talented and committed employees. Due to our Chairman of the Board, Mick Guttau's military experience, one of the concepts implemented at the bank was "the troops come first." Mick has a famous quote which really exemplifies the entire culture
(712) 527-5229 Lender's profile and map Glenwood State Bank IA 32 North Walnut Street, Glenwood, IA, 51534 Lends in Iowa Glenwood State Bank is a family owned bank that has been proudly serving Southwest Iowa since 1899. Our guiding principle is to develop strong relationships with our customers that last for generations while being an integral piece of our communities to help them prosper and grow.
(712) 243-3195 Lender's profile and map First Whitney Bank and Trust 223 Chestnut Street, Atlantic, IA, 50022 Lends in Iowa The First Whitney Bank, founded in 1907, has a history of growth and progress with Atlantic and the surrounding community’s for over 100 years. In 1968, the Bank’s name was officially changed to First Whitney Bank & Trust, and moved to their present location at 3rd and Chestnut Streets.
(712) 388-0505 Lender's profile and map Midstates Bank, National Association 1851 Madison, Council Bluffs, IA, 51503 Lends in Iowa We are a community bank dedicated to building sustainable communities, businesses and producers. Our brand promise, "More Options, More Service, More Willing, " underpins everything we do. Through exceptional service and expertise, we facilitate small business growth, enable agri-business clients to conduct complex and profitable operations.
(712) 322-0841 Lender's profile and map United Credit Union 1900 W Broadway, Council Bluffs, IA, 51501 Lends in Iowa United Credit Union offers our valued members exclusive benefits. United Credit Union is located in Council Bluffs, Iowa, and was founded in 1953. The credit union has provides banking services to more than 2,000 members. The credit union is a member-owned financial cooperative providing banking services including savings, loans.
(641) 745-2141 Lender's profile and map FNB Bank 311 5th Street, Fontanelle, IA, 50846 Lends in Iowa We are proud to have grown in our communities and we wish to express our appreciation for the many fine customers and friends who give us the opportunity to be of service. We sincerely hope that we will merit your continued loyalty and confidence and that we will be able to provide banking services for the area for many years in the future.