USDA and FHA Pro and Con in Danville, Hendricks County, IN
In the year 2025, the loan limit for USDA in Danville, located within the county of Hendricks, IN, is $336,500, whereas the FHA limit for a single-family home is $472,030.
Leverage the Lendersa® USDA loan calculator to compare today's top USDA and FHA rates. Evaluate the necessary income, credit score, reserves, and documentation required for qualification. With our comprehensive mortgage calculator, you can view USDA, FHA, Conforming, and VA options side by side, assisting you in choosing the best program for your particular financial situation in .
Loan Limits and Downpayment Requirements for 2025 in Danville, County of Hendricks, IN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Opportunities in Danville, IN
The primary aim of Lendersa® is to facilitate your access to the best available USDA or FHA loans promptly and without complications. Start with one of three options that lead to matched lenders and USDA loan programs.
A USDA home loan, guaranteed by the U.S. Department of Agriculture, also referred to as a USDA rural development loan or a USDA mortgage, is available exclusively in rural locales. Unlike FHA loans that require a minimum down payment of 3.5%, USDA mortgages necessitate no down payment whatsoever.
Since opening our doors in 1974, our customers have always been our top priority and every individual is treated with respect and dignity. At American Bank, we make every attempt to help individuals and businesses make thoughtful, sound financial decisions in order to accomplish their goals and dreams.
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Our goal is to make sure you are informed every step of the way. We strive to give you an honest assessment of your current financial situation. If there are hurdles we will work with you to prepare and execute a game plan to overcome those obstacles so that you are set up for long-term financial success.