USDA Vs. FHA your options comparison in Waterloo, Black Hawk County, IA
In the year 2026, the USDA loan limit for Waterloo located in Black Hawk county of IA is set at $336,500, whereas the FHA loan limit for single-family homes is $472,030.
Leverage the Lendersa® USDA loan calculator to compare the best rates between USDA and FHA, and identify the income, credit, reserves, and documentation necessary for qualification. Using our enhanced mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side-by-side to decide which program in aligns best with your financial needs.
2026 Loan Limits and Down Payment Needs in Waterloo, Black Hawk County, IA
Loan Type
Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Understanding USDA and FHA Loan Options in Waterloo, IA
Lendersa® aims to facilitate the swift and straightforward acquisition of USDA or FHA loans. Begin with one of three initial steps that connect you with suitable lenders and USDA loan programs.
The USDA home loan, also referred to as a USDA rural development loan or USDA mortgage, is endorsed by the U.S. Department of Agriculture and is specifically designed for rural areas. Unlike FHA loans, which necessitate at least a 3.5% down payment, the USDA loan does not require any down payment.
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by its members. The credit union offers a full range of consumer financial services and employs more than 900 people throughout 29 branches.Today's Veridian Credit Union is a modern.
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CFCCU was originally chartered in 1958 as a member-owned financial co-operative serving the needs of a local machinists union. Membership was extended to other groups of employees over the years until in 1982, CFCCU received a community charter. Our current field of membership includes individuals who live or work in 7 Iowa counties.
Cedar Valley Bank & Trust is proud to be a locally owned full-service community bank. Our highest priority is serving and supporting the communities we serve. We look for individuals with a passion for community banking who will put the needs of our customers above everything else.
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