USDA Vs. FHA your options comparison in Waterloo, Black Hawk County, IA
In the year 2025, 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.
2025 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.
Homestead Savings Bank is a full-service financial institution with locations in Albion, Leslie and Springport. Since 1889 our mission has been to provide outstanding service to our customers. Decisions are made locally by people who know our customers and our communities. Founded as a Federal Savings Bank.
UBCFCU has a mission of making competitive financial services and products available while increasing financial literacy and personal financial stability for the population we serve. We are also a Community Development Financial Institution that exists to expand economic opportunities in low income communities providing access to financial products
Ozark Bank is the only remaining home owned bank in Christian County. Chartered in 1906, Ozark Bank is in its 116th year of service to the residents of Christian County and surrounding communities. Ozark Bank was founded by a group of local businessmen with a vision to improve Ozark and Christian County by providing banking services
The Mortgage Centers Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of Missouri. Whether you are a first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt
Greenfield Banking Company is a community bank opened in 1871 in Greenfield, Indiana. For 150 years Greenfield Banking Company has delivered high-quality financial solutions and personalized, friendly service. This service is fostered by a company culture of community involvement, support and volunteerism.
AJNB is proud to be the bank of choice for convenience and customer service in the area. With over a century of service, we have the knowledge and experience that our community has grown to trust and expect. We offer three locations with friendly and knowledgeable staff to serve you.
Anna State Bank opened for business on September 18, 1930. When the bank first opened at the corner of Main Street and Vienna Street in Anna, the bank’s resources were around $300, 000, compared to over $75 million today.
A.W. Walter was the first President of the bank and was succeeded in 1934 by P.M. West who held the position for many years
We specialize in the managing of residential appraisals for credit unions, banks and lenders of all sorts. Our nationwide database of 36, 000 residential appraisers and customized selection process ensures that the highest qualified appraiser perform each assignment. Our software is integrated with LOS systems.
West Plains Bank founded as Commercial State Bank opened its doors in Ainsworth on 1913. After a national bank charter was granted on November 1, 1927, the bank changed its name to the Commercial National Bank of Ainsworth The local bank weathered the financial storms of the 20′s, the depression of the 30′s, the hectic periods of both World Wars.
