USDA Loan Vs. FHA loan pro & con Spencer, Clay County, IA

In 2025, the USDA loan limit in Spencer, Clay county, IA, is $336,500. Meanwhile, the FHA cap for a single-family home is $472,030.

Leverage the Lendersa® USDA loan calculator to assess today's USDA and FHA rates. Determine necessary income, credit, reserves, and documentation. Our advanced mortgage calculator provides a side-by-side comparison of USDA, FHA, Conforming, and VA loans, helping you select the program in that best suits your financial needs.

USDA and FHA Loan Options in Spencer, IA

Lendersa® aims to provide you with the most suitable USDA or FHA loan quickly and effortlessly. Choose one of three paths to connect with lenders and access USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IA?

A USDA home loan, also referred to as the USDA rural development loan, is government-backed by the Department of Agriculture and available exclusively in rural areas. Unlike FHA loans, which require a 3.5% down payment minimum, USDA loans need no down payment, making them more accessible to eligible rural buyers.

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(276) 546-2211 Lender's profile and map Reviews Lee Bank and Trust Company 41371 West Morgan Avenue, Pennington Gap, VA, 24277 Lee Bank & Trust Company was formed in 1932 when four small Lee County banks, in business as far back as the mid-1800s, merged during the Great Depression. More than eighty five years later, the bank continues to be a strong, stable, and secure institution within its communities with approximately $154 million in assets
(304) 232-9840 Lender's profile and map Reviews Teamsters Local 697 FCU 901 Market Street, Wheeling, WV, 26003 Teamsters Local 697 Federal Credit Union has been open since 1972. The credit union has assets totaling $3.14 Million and provides banking services to more than 500 members as of March 2022. The credit union is religious, or fraternal, or low-income associational credit union. Membership is also open to immediate family of current members.
(304) 243-0499 Lender's profile and map Reviews OCPS Federal Credit Union 280 Fulton Street, Wheeling, WV, 26003 OCPS Federal Credit Union has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, the OCPS Federal Credit Union will continue a sound yet progressive asset management strategy
(724) 774-5035 Lender's profile and map Reviews West-Aircomm Federal Credit Union 485 Buffalo Street, Beaver, PA, 15009 West-Aircomm FCU started as an alternative way to save & borrow money that would benefit a group of people who worked together. More than 70 years later, we’re proud to continue their mission in our community. As a member-owned &-operated financial cooperative, we focus on finding ways to help all of our members, offering a wide range of products
(724) 774-9237 Lender's profile and map Reviews West Penn P&P Federal Credit Union 1089 Third Street, Beaver, PA, 15009 We are a non-profit, member-owned, financial institution that has been serving Western Pennsylvania and their families for over 50 years. Because we are non-profit, and member-owned, money made in excess of expenses is returned to the membership through competitive loan rates and savings dividends.
(724) 462-5151 Lender's profile and map Reviews Excel Mortgage Group, Inc 325 Beaver Street, Beaver, PA, 15009 Excel Mortgage Group, Inc. was established in 1990. We aim to provide world-class, customer-focused service, along with a wide range of loan products to accommodate all homebuyers. We take pride in getting to know our clients and finding the lowest interest rates and best loan programs to fit their individual needs.
(800) 636-7622 Lender's profile and map Reviews Cadence Bank 8031 US Highway 431, Albertville, AL, 35950 Cadence Bank is a leading regional banking franchise with $47.8 billion in assets* and more than 400 branch locations across the South, Midwest and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions.Services and products include consumer banking and more.
(256) 660-2405 Lender's profile and map Reviews Mortgage Group 8180-B US Hwy 431, Albertville, AL, 35950 We want to be your mortgage lending solution. Full Service mortgage broker. We close Conventional, FHA, VA and USDA mortgage loans. Experienced with first time home buyers, move up buyers, retirees, primary residence, 2nd homes, and investment purchases. Over 30 years of experience in all types of mortgage lending.
(256) 891-0681 Lender's profile and map Reviews First Lenders Mortgage 8357 US HWY 431, Albertville, AL, 35950 First Lenders Mortgage Corporation was founded in 1988 and has offices in Albertville and Homewood to serve customers throughout the state of Alabama. At First Lenders Mortgage, we assist countless home buyers with the mortgage process, delivering personal service and exceptional value to our clients. At First Lenders, we assist you
(406) 222-1750 Lender's profile and map Reviews Sky Federal Credit Union 111 North B Street, Livingston, MT, 59047 Sky Federal Credit Union is a full-service community chartered, not-for-profit financial cooperative. Our charter allows us to serve anyone who lives, works or worships in the rural district of Beaverhead, Broadwater, Carbon, Cascade, Deer Lodge, Gallatin, Golden Valley, Granite, Jefferson, Lake, Lewis and Clark, Madison, Meagher, Mineral, Missoula