USDA and FHA Pro and Con in Red-Oak, Montgomery County, IA
For 2025, 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 .
2025 Loan Limits and Down Payment Requirements in Red-Oak, County of Montgomery, IA
Loan Type
Loan Limit
Minimum Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
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.
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.
"Brick Road Mortgage is a Mortgage Broker specializing in residential purchase, refinancing and reverse loans.
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Desert Valleys Federal Credit Union received its Charter # 5366 on July 11, 1946. The Credit Union was originally established in the Searles Valley to provide the plant workers of American Potash Chemical Company a place to cash their payroll checks. In May of 1999 the Desert Valleys Federal Credit Union expanded its’ field of membership to include
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AltaOne members and employees enjoy a one-of-a-kind relationship with their credit union. Offering much more than personal and business financial products and services, we continually strive to be the community’s choice for an all-around member experience, strengthening ties with our local communities through events and outreach programs
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Our mission is to provide our members with quality, affordable financial services in a responsible, efficient, professional, & convenient manner. Deposits are insured through the National Credit Union Administration & the MA Share Insurance Corporation. Rockland Federal Credit Union is a federally chartered credit union, established in 1922.
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Mortgage Corp of the East III was organized as a Massachusetts corporation in May of 1988. Michael Aizenstadt is the founder and President of Mortgage Corp East. Our primary business focus is on the origination of residential mortgages in the state of Massachusetts, licensed as a direct lender.
Blue Water Mortgage Corp is an independent mortgage broker serving Massachusetts,New Hampshire, Maine, Connecticut & Florida with HQ in Hampton,New Hampshire.With over 100 years of collective mortgage experience among the team at Blue Water,we have the knowledge & ability to get your loan closed on time with the best terms and lowest rates for you!
