USDA Vs. FHA Pro and Con comparison in New-Castle, Henry County, IN

As of 2025, the USDA loan limit for New-Castle in Henry, IN, is $285,000, while the FHA cap for a single-family home is $356,362.

Leverage the Lendersa® USDA loan calculator to contrast today's top USDA vs. FHA rates, and determine the necessary income, credit score, reserves, and documentation to qualify. With our sophisticated mortgage calculator, compare USDA, FHA, Conforming, and VA loans side by side to find the best match for your financial needs in .

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2025 Loan Limits and Downpayment Requirements in New-Castle, Henry County, IN

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

USDA and FHA Loan Choices in New-Castle, IN

Lendersa® is dedicated to promptly connecting you with the most suitable USDA or FHA loans. Start with one of three paths that lead to matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding the USDA Loan in IN

A USDA home loan, guaranteed by the Department of Agriculture, also referred to as a USDA rural development loan or mortgage, is available only in rural neighborhoods. Unlike FHA loans that require a minimum 3.5% down payment, USDA loans demand no down payment.

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



  • Fortress Home Mortgage Inc
  • 1336 South Main Street, Royal Oak, MI, 48067
  • Fortress Home Mortgage (NMLS ID# 135922) is owned and operated locally by John Sarkisian (NMLS ID# 136596). We utilize multiple lenders to find the best rates and products to fit the needs of our Metro Detroit borrowers. All applicants receive one on one customer service from pre-approval to closing.
  • First Team Lending Group PLLC
  • 313 East Maryland Avenue, Royal Oak, MI, 48067
  • "We specialize in shopping between the most reputable lenders on our clients’ behalf for the best possible program and rate for the client-specific situation. We offer wholesale pricing which means lower rates and less cost for our clients! Our goal is to keep the mortgage process simple, easy and fast so you can stay focused on your daily l
  • Michigan Elite Lending
  • 1817 E 4th St, Royal Oak, MI, 48067
  • Michigan Elite Lending with the vision of supplying clients with the best possible loan experience with the lowest rates on the market. Working with a mortgage broker allows borrowers to secure the lowest rate without doing all the legwork. We shop hundreds of wholesale lenders to find the best program for you.
  • Myrina Mortgage Group LLC
  • 1012 Cedarhill Drive, Royal Oak, MI, 48067
  • Myrina Mortgage Group is a female owned and operated broker firm. We are called Mortgage Warriors because we search out and capture the very best loan product for you and your mortgage goals. We only work with wholesale lenders to offer you the very best in pricing and service every day.
  • HomeSure Lending
  • 322 West Lincoln Avenue, Suite 300, Royal Oak, MI, 48067
  • HomeSure Lending was founded in 2014. As a company, nothing is more important to us that helping our clients Purchase with Confidence or Refinance with Ease. You will hear the term Simple Mortgage Guidance, and if we have not made the process simple, we have not done our job well enough. Here is what we promise
  • Clear2Mortgage Inc
  • 306 South Washington Avenue, Suite 224, Royal Oak, MI, 48067
  • Clear2 Mortgage founded by Chris Kas-Marogi, a long-time mortgage industry veteran driven by a genuine passion for his clients. Clear2 Mortgage serves both realtors and home buyers throughout CA, CO, MI, FL, and TX. Having founded his own mortgage company, he’s privileged to be able to offer mortgages that meet and exceed industry standards.
  • Omega Lending Group
  • 115 S Main St, Suite 300, Royal Oak, MI, 48067
  • Our company is built upon the integrity of each and every loan officer. We believe that being part of the Omega team needs to mean something more than just mortgages. It’s about helping people realize their home ownership dreams and doing so with pride. Omega Lending Group is a local mortgage company based in Royal Oak.
  • KCT Credit Union
  • 111 South Hawthorne Street, Elgin, IL, 60123
  • Chartered in 1937, KCT Credit Union was formed through the tireless efforts of Miss Martha Black, a teacher in the then Elgin Public Schools District, and Mr. E. Earl McCoy, then Kane County Superintendent of Schools. Since that day we have been dedicated to living the credit union philosophy of people helping people.
  • Edmonton State Bank
  • 909 West Main Street, Glasgow, KY, 42141
  • Edmonton State Bank is one of the few, locally owned and operated community banks. The Thompson Family has been serving the needs of our communities for five generations, and current Chairman and CEO John D. Thompson has enjoyed a nearly 60-year tenure working within those communities.
  • South Central Bank
  • 501 S. L. Rogers Wells Blvd, Glasgow, KY, 42141
  • South Central Bank will provide shareholders, customers, team members, and the community with open, honest financial experiences that exceed expectations. South Central Bank will always be the first choice provider for banking solutions that instill confidence among customers, team members, and the community.
  • New Horizon Federal Credit Union
  • 180 Second Street SW, Barberton, OH, 44203
  • NEW HORIZON FEDERAL CREDIT UNION is a credit union located at 180 2nd St SW, Barberton, Ohio, United States. New Horizon FCU started as a credit union to help support the employees from Babcock and Wilcox. In 2013 New Horizon received it's community charter and now they can serve all of Summit County.
  • INTEGRITY FEDERAL CREDIT UNION
  • 971 Wooster Road West, Barberton, OH, 44203
  • Integrity Federal Credit Union has been open since 1935. The credit union has assets totaling $60.15 Million and provides banking services to more than 6, 000 members. The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member