USDA Vs. FHA your options comparison in Nappanee, Elkhart County, IN
In 2025, the USDA loan limit applicable in Nappanee, within the county of Elkhart, IN, is set at $336,500, while the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to assess today's leading USDA and FHA rates, determining the income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator provides a comparison of USDA, FHA, Conforming, and VA side by side, assisting you in selecting the best program for your specific financial condition in .
2025 Loan Limits and Downpayment Requirements in Nappanee, County of Elkhart, 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 Options in Nappanee, IN
Lendersa® strives to connect you with the finest USDA or FHA loans efficiently and smoothly. Choose from one of three starting points that link you to matching lenders and USDA loan programs.
The USDA home loan, guaranteed by the U.S. Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is exclusively available in rural areas. Unlike FHA loans requiring at least a 3.5% down payment, USDA loans require no down payment.
Union Federal was once two different Associations with similar goals. Union Federal “Where People Are Important!” First Federal where customers were “First with us.” Both Associations have had long solid history before the boards of each Association found we could serve our customers best by coming together as one Association.
Advantage One Credit Union has been open since 1998. The credit union has assets totaling $25.38 Million and provides banking services to more than 3,000 members
The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members.
Our Mission Statement: "In the spirit of people helping people, we assist our members in achieving financial health." Our Vision Statement: To be a trusted primary financial institution offering products and services that meets the needs of our members for a lifetime. We are available to those living and/or working in Adams, Dane, Iowa, Juneau.
At Citizens State Bank, we are committed to being your full service, independent, locally-owned community bank. Our customers rely on our expertise, professional staff and diverse products and services, many of which can be customized to suit your specific needs. All business decisions are made locally by people who live and work where you do.
Dane County Credit Union, or DCCU, founded in Madison with the principle that people come first and profits second. Like all credit unions, we are a not-for-profit financial cooperative owned and controlled by our members. At Dane County Credit Union, the leading credit union in Madison WI.
NCACU is dedicated to establishing trusting relationships with our members, and going the extra mile to help you reach your financial goals. Credit unions are democratically owned and controlled institutions based on People Helping People principles. Credit unions have no outside stockholders
Glasford Bank can trace its roots back to July 15, 1900, when it opened with just two deposits. Originally known as Farmers and Traders Bank, it was located at the corner of Main and Hickory in a converted cigar factory. In 1905, the bank was relocated into a new brick building on the south side of Main Street.
November 3, 1980: Community State Bank opened its doors for business to meet the needs of the people of Galva and surrounding communities. Organized by local businessmen, the Bank started with $1 million in stock that was sold to 240 local investors. Our people are your people! Our insurance services help you worry about one less thing.
For 150 years, Farmers State Bank has supported Elmwood and the surrounding areas. From the first location in H.P. Tracy’s dry goods store to our current site on East Main Street, we have always been focused on community.
When you choose to bank with us at Farmers State, you are choosing to bank with real people with real expertise
