USDA Loan Vs. FHA loan pro & con New-Albany, Floyd County, IN

In the year 2025, the USDA loan threshold in New-Albany, located in Floyd county of IN, is $285,000. Meanwhile, the FHA limit for a one-family home is set at $356,362.

Lendersa® offers a USDA loan calculator to help you contrast today's leading USDA and FHA rates. By using it, you can determine the income, credit, reserves, and documentation necessary for qualification. Our advanced mortgage calculator lets you see side-by-side comparisons of USDA, FHA, Conforming, and VA loans, helping you choose the optimal program for your financial needs in .

USDA and FHA Loan Choices in New-Albany, IN

The primary objective of Lendersa® is to swiftly connect you with the most suitable USDA or FHA loan available, removing any unnecessary complications. Start from one of three initial options that direct you to matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IN?

A USDA home loan, backed by the U.S. Department of Agriculture and also known as a USDA rural development loan or mortgage, is specifically designed for rural areas. Unlike FHA loans, which demand a minimum 3.5% down payment, USDA mortgages do not require any down payment whatsoever.

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(731) 968-6624 Lender's profile and map Reviews Community Bank TN 19 Natchez Trace Drive, Lexington, TN, 38351 Headquartered in Lexington, Tennessee, we are locally owned and managed. We have three full service branches, two in Lexington and one in Jackson, Tennessee. Community Bank associates are plugged in, serving our communities in just about every volunteer and service organization in our markets.
(877) 698-3278 Lender's profile and map Reviews Bank of Springfield 3400 Wabash Ave, Springfield, IL, 62711 BOS is a bank and financial services provider with branches in Springfield, Chatham, Jacksonville, Quincy, Staunton, Glen Carbon, Swansea, and Shiloh, Illinois and Brentwood, Missouri. Visit our website for a full list of locations and hours. https://www.bankwithbos.com/locations.php
(217) 993-6260 Lender's profile and map Reviews Prairie State Bank and Trust 3751 W Wabash, Springfield, IL, 62711 Prairie State Bank & Trust is a community Bank with over $700 million in total assets, over 150 employees and 20 Bank locations throughout central Illinois. Prairie State Bank & Trust is the successor to a group of smaller community Banks acquired as early as 1968. We merged these Banks together over the past 20 years.
(888) 821-7729 Lender's profile and map Reviews BancMac/Community Banc Mortgage Corp 3200 W Iles Ave, Springfield, IL, 62711 Our commitment is to your success and that of your customers. That's why we offer a professional sales and service network designed to move your business forward by generating quick fundings, offering the most innovative products and programs and working with you to provide fast answers, fast decisions and fast purchases.
(217) 787-3100 Lender's profile and map Reviews Town and Country Bank 3601 W. Wabash Ave., Springfield, IL, 62711 At Town and Country, you’ll work with dependable, local mortgage professionals who put years of experience to work in order to assist you in getting into the home of your dreams. Our intimate knowledge of Central Illinois real estate is essential to finding a custom mortgage loan to fit your needs.
(708) 946-2246 Lender's profile and map Reviews First Community Bank and Trust 1111 Dixie Highway, Beecher, IL, 60401 First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 100 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service.
(419) 562-7040 Lender's profile and map Reviews FC Bank, a division of CNB Bank 105 Washington Square, Bucyrus, OH, 44820 As a local, community bank, we are driven by a strong focus on meeting the financial needs of businesses and individuals in a way only a community bank can deliver. And we are proud to serve Morrow, Knox, Richland, Franklin, and Holmes Counties with full service branches in Bucyrus, Cardington, Dublin, Fredericktown, Worthington,
(419) 562-7055 Lender's profile and map Reviews Lighthouse Commercial Mortgage 119 S. Sandusky Ave, Bucyrus, OH, 44820 Since our founding in 1888, employees have been the main reason for First Federal Community Bank’s success. We are an Equal Opportunity Employer and we offer competitive salaries, excellent benefits and the opportunity for career advancement. If you are customer-oriented, enjoy working with people, take pride in your work
(419) 562-6896 Lender's profile and map Reviews Peoples Savings and Loan Company 300 South Walnut Street, Bucyrus, OH, 44820 Our goal is to become your family financial center. We are locally owned and operated. Our staff is here to serve you. Unlike big corporations, we make decisions on an individual basis, not by some arbitrary number. Stop in sometime, we would be glad to let you know what we offer. We want to earn your business.
(304) 558-0566 Lender's profile and map Reviews The State Credit Union 2200 Washington Street East, Charleston, WV, 25311 At The State Credit Union, our goal, quite simply, is to minimize your exposure to risk and the impact of any fraudulent activity on your accounts. To protect your account, The State Credit Union monitors debit card transactions for potentially fraudulent activity through a Fraud Detection Program called EnFact Premium Testing.
(304) 342-2422 Lender's profile and map Reviews W V Air National Guard FCU 1512 Coonskin Drive, Charleston, WV, 25311 West Virginia National Guard Federal Credit Union has been open since 1959. It's the 20th largest credit union in West Virginia with assets totaling $50.63 Million and providing banking services to more than 2, 000 members. The credit union is a not-for-profit, member-owned financial cooperative providing services to U.S. military members.