USDA and FHA Pro and Con 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 .

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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.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IN

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.

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



  • RE FINANCIAL SERVICES, INC.
  • 4651 Salisbury Road, Ste. 400, Jacksonville, FL, 32256
  • RE Financial Services Inc is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools.
  • The Ken Phillips Team @ ALCOVA Mortgage
  • 8647 Baypine Road, Suite 203, bldg. 1, Jacksonville, FL, 32256
  • ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, OH, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011 We take the hassle out of homebuying so you can get back to focusing on what matters most! Life moves fast, and so do you.
  • PAN AMOCO FEDERAL CREDIT UNION
  • 3500 N Causeway Boulevard, Suite 100, Metairie, LA, 70002
  • PAN AMOCO FEDERAL CREDIT UNION was founded in October 1953, to serve the employees of Pan-Am Southerners Corp. The original name was Pan- Am Southerners Federal Credit Union, the name was soon changed to Pan-Amoco Federal Credit Union in 1957. Credit Unions are unique financial organizations that date back to the early twentieth century.
  • Sun Mortgage Funding Inc
  • 3525 North Causeway Blvd, Suite 900, Metairie, LA, 70002
  • Sun Mortgage Funding is a locally-owned and operated mortgage company licensed by the state of Louisiana and accredited by the Better Business Bureau. The company has been offering superior services to clients in the southeast community of Louisiana and its surrounding districts.
  • America’s Mortgage Resource
  • 3317 N. I-10 Service Rd, Suite 200, Metairie, LA, 70002
  • America’s Mortgage Resource was founded in 1996. The Company is a full service Mortgage Banking Firm offering a diverse product line through professional and courteous service. America’s Mortgage Resource is committed to the long term interest of our clients and the formation of a lending relationships that last a lifetime.
  • Gulf Mortgage Group, LLC
  • 38034 Post Office Road, Suite A, Prairieville, LA, 70769
  • Gulf Mortgage Group, LLC, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
  • Mutual Savings and Loan Association
  • 2900 Clearview Parkway, Metairie, LA, 70006
  • Mutual is your hometown servicer of mortgage loans. You can rest assured, when you choose Mutual, you’re not only choosing a safe and secure option for your loans, but also a local bank with local underwriting. We have been financing homes here for 130 years. We not only know the neighborhoods, we live in them.
  • Greater New Orleans Federal Credit Union
  • 3105 Lime Street, Metairie, LA, 70006
  • Originally chartered in 1935, GNO was organized by employees of the New Orleans Bell Telephone Employees Federal Credit Union. Their goal, as was the goal of all company credit unions, was to provide a safe haven for their employees to save and then borrow from that pool of savings to achieve their dreams in life.
  • Eureka Homestead Loan Office
  • 720 Harrison Ave, Suite A, New Orleans, LA, 70124
  • Eureka offers traditional deposit products including passbook savings accounts and certificates of deposit, as well as loan products. Our team of mortgage associates can help to find you the best available mortgage lending programs and work with you to assure the highest rate of approval with respect to your current situation