USDA Vs. FHA Pro and Con comparison in McCordsville, Hancock County, IN

In 2025, the USDA loan limit for McCordsville, located in Hancock County, IN, is set at $336,500, while the FHA limit for a single-family home is $472,030.

Use the Lendersa® USDA loan calculator to compare today's USDA versus FHA rates and determine the income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, view USDA, FHA, Conforming, and VA options side by side, helping you decide which program in Alabama fits your financial situation best.

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2025 Loan Limits and Down Payment Requirements in McCordsville, Hancock County, IN

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Explore USDA and FHA Loan Options in McCordsville, IN

Lendersa® aims to quickly connect you to the best USDA or FHA loan without hassle. Select one of three pathways to find matching lenders and discover USDA loan programs that meet your needs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IN

The USDA home loan is backed by the government Department of Agriculture, known as the USDA rural development loan or USDA mortgage. It is available solely in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, the USDA mortgage requires no down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



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