USDA and FHA Pro and Con in Mitchell, Lawrence County, IN
In 2025, the USDA loan limit for Mitchell in Lawrence, IN, is set at $336,500, while the FHA limit for a single-family home is $472,030.
Utilize Lendersa®'s USDA loan calculator to compare today's most competitive USDA and FHA rates. Understand the necessary income, credit, reserves, and documents required for eligibility. Our sophisticated mortgage calculator allows you to view USDA, FHA, Conforming, and VA loans side by side, helping you decide which option in is best suited to your financial needs.
2025 Loan Limits and Downpayment Requirements in Mitchell, Lawrence, IN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Understanding USDA and FHA Loan Options in Mitchell, IN
Lendersa® aims to help you acquire the most suitable USDA or FHA loans promptly and with ease. Begin with one of three starting options that align you with potential lenders offering USDA loan programs.
A USDA home loan, backed by the Department of Agriculture, also called a USDA rural development loan or USDA mortgage, is available only in rural areas. In contrast to FHA loans, which require at least a 3.5% down payment, USDA loans do not require any down payment.
Port City Federal Credit Union is a not-for-profit, member owned financial cooperative that provides affordable services in a friendly and professional manner. Our members are our most important asset.
Port City Federal Credit Union, originally known as the Brunswick Employees Federal Credit Union, was chartered in June of 1944
Turn-Key Mortgage is a mortgage brokerage that is taking the headaches out of mortgages. We strive to stay ahead of the game in technology and products to make the mortgage process easy and smooth. Not every mortgage is created equal and we are here to help you find the one that works for you the best.
MFCU is committed to providing you with innovative ways to meet your financial needs and responsibilities. We endeavor to maintain a strong financial status while providing a professional and friendly atmosphere. MFCU Where you're more than a member, you're family" This credit union is federally insured by the National Credit Union Administration.
As our Mission Statement states, FGCU is committed to serving our members the very best we can by providing the affordable services and products to help them reach their financial goals now and into the future. Like all credit unions, FGCU relies on an active, participating membership to thrive. With over $66.5 million in assets and still growing.
The Bank of Milton is a locally owned independent hometown bank, serving our customers and the communities around us. We strive to exceed your expectations by providing exceptional personalized customer service. We emphasize strong client relationships and a high level of community involvement.
First Community Bank was originally founded under the name of the Farmers Bank. It opened its doors for business on July 17, 1911. The original officers of the Farmers Bank were John A Paul, President, John H. Owen, Vice-President and Alexander M. Paul, Cashier. Directors of the bank were John A. Paul, Alexander M. Paul, John H. Owen, S.C Chambers.
31440 Northwestern Highway, Suite 100, Farmington, MI, 48334
ATA National Title Group is a full-service title insurance agency providing comprehensive title and settlement services to companies and individuals involved in real estate transactions. We are licensed to issue title insurance in 27 states and offer title and settlement services in all 50 states. We additionally maintain 47 offices, staffed by 423
Level One Bank is a full-service community bank headquartered locally in Farmington Hills, Michigan with locations throughout Metro Detroit, Ann Arbor, Jackson and Grand Rapids.
Level One bankers are experienced, enthusiastic, and committed to personalized service. Most of our bankers escaped the constraints of a larger bank in search
30500 Northwestern Hwy, Suite 100, Farmington, MI, 48334
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
David J. Blatt specializes in residential lending services. As a reverse mortgage expert, he has been practicing for over 30 years and has been on the board of directors of the Michigan Brokers Association. This achievement led him to receive the Excellence Award from the Financial Freedom Senior Funding Corporation.
