USDA and FHA Pro and Con in Elwood, Madison County, IN
In 2026, the USDA loan cap in Elwood, situated in the county of Madison, IN, is $336,500. In contrast, the FHA limit for a single-family home stands at $472,030.
Employ the Lendersa® USDA loan calculator to juxtapose today's leading USDA and FHA rates, assessing the income, credit, reserves, and paperwork required to qualify. Our comprehensive mortgage calculator presents USDA, FHA, Conforming, and VA side-by-side, facilitating the decision on the best program for your financial circumstances in .
2026 Lending Limits and Down Payment Needs in Elwood, County of Madison, IN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Opportunities in Elwood, IN
The primary aim of Lendersa® is to expediently secure the perfect USDA or FHA loan for you, without complications. Initiate any of these three pathways to connect with suitable lenders offering USDA loan services.
The USDA home loan is a government-backed loan endorsed by the Department of Agriculture, commonly referred to as a USDA rural development loan or USDA mortgage. It is designated for use in rural neighborhoods only. Contrary to FHA loans, which demand at least a 3.5% down payment, the USDA mortgage requires zero down payment.
Madison County Federal Credit Union received approval from the National Credit Union Association to expand its community charter to three additional counties – Delaware, Henry and Hancock. This expansion, effective immediately, opens membership and full credit union services to anyone who lives, works, worships.
At BDR Mortgage Capital. We are a full-service mortgage company based in NOBLESVILLE, Indiana. We specialize in home loans in the state of Indiana. We also serve the surrounding cities in Hamilton and Marion Counties. Whether you are buying a home or refinancing in the zip codes of 46062,
HOWARD COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION"
105 Southway Boulevard West, Kokomo, IN, 46902
Lends in Indiana
Howard County schools. His vision became a reality in 1964. During the early days of the credit union, the credit union was run out of Darrell’s house. Many members remember traveling out to Darrell’s house to pick up a check or drop one off in the old “milk crate.” As the credit union grew, there became a need to move the credit union
The Haynes Community Federal Credit Union is a not-for-profit, cooperative financial institution. The purpose of the Credit Union is to promote thrift among members. We were established in 1948 for the employees of Union Carbide Stellite (now Haynes International) and their families. In 2006 we received our Community Charter and are open to anyone
Financial Builders was founded in 1964 for Chrysler Employees. The Credit Union elected seven members to become board members from Chrysler who helped run the credit union in a little storefront building with two office personnel.In 1978 we built the beautiful building we have today housing 28 employees and serving members
City of Firsts Community Federal Credit Union, formerly known as Kokomo School Employees Federal Credit Union, was established in 1938 by Mr. Charles Franklin. As Kokomo School Employees FCU, we serviced the employees of Kokomo Consolidated School Corp. and its family members. In 2006, City of Firsts FCU received permission from the National Credit
Solidarity was started in 1954 by Delco Electronics employees pooling their funds together to help a co-worker purchase a car. They did this by placing a quarter a week in a cigar box until they had enough saved to buy the car. Thus, they started a not-for-profit cooperative called a "credit union.
Mortgage City, Inc. has been in business since 1999. In the last 10 years, we have built a strong reputation as an outstanding mortgage brokerage firm, serving the lending needs of real estate professionals, builders and individual homebuyers throughout the state is a proud member of the Chamber of Commerce and Local Lenders Association of Kokomo.
5411 Dr Martin Luther King Jr Blvd, Anderson, IN, 46013
Lends in Indiana
The Lampco staff, management, and board of directors is dedicated to creating economic benefits for our members by providing quality financial products delivered with the highest level of service and integrity. Lampco Federal Credit Union has served the financial needs of our Madison County Community for over 50 years.
