USDA and FHA Pro and Con in Richmond, Wayne County, IN
For 2025, in Richmond, located in the county of Wayne, IN, the USDA loan cap is $336,500, while the FHA cap for a single-family residence stands at $472,030.
Utilize Lendersa®'s USDA loan calculator to contrast today's prime USDA and FHA rates. This will help you gauge the necessary income, credit, reserve amounts, and documentation to qualify. Our sophisticated mortgage calculator offers a side-by-side comparison of USDA, FHA, Conforming, and VA loans, assisting you in selecting the most suitable program for your unique financial circumstances in .
2025 loan caps and down payment criteria in Richmond, county of Wayne, IN
Loan Category
Max Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Available USDA and FHA loan options in Richmond, IN
Lendersa® aims to quickly connect you with the best USDA or FHA loan, minimizing hassle. Begin with one of our three initial options, leading to matched lenders and USDA loan programs.
A USDA home loan, backed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is accessible exclusively in rural areas. Unlike FHA loans requiring a 3.5% down payment minimum, a USDA mortgage does not mandate any down payment.
REGIONAL Federal Credit Union is a member-owned and operated financial institution serving Northwest Indiana since 1961 The most comforting part about savings accounts at REGIONAL is the element of safety. Your accounts are federally insured by the National Credit Union Administration, an agency of the Federal Government, for up to $250,000
1936 the Finans Federal Credit Union has been serving its members in the HAMMOND, Indiana area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages.
7550 Hohman Avenue, Building Center, Munster, IN, 46321
Great Horizons Federal Credit Union is located in Munster, IN, United States and is part of the Depository Credit Intermediation Industry. If you are interested in joining Great Horizons FCU - Members of their immediate families. Spouses of persons who died while in the field of memberships of this credit union.
For over 100 years, Peoples Bank has maintained a philosophy of commitment to the customer, a belief that has allowed Peoples Bank to thrive and continue to serve the people of Northwest Indiana. It’s the same philosophy that drives Peoples now as it did in 1910 when the Bank first opened for business.
At Citizens Bank of Kentucky we believe banking is an experience. We recognize you have a choice when it comes to selecting a banking partner.
To our present customers, we are grateful for your business. Our pledge to you is that we will continually find ways to create more value for your banking relationships.
Shore to Shore Community Federal Credit Union serves individuals who live, work or worship in the communities of Trenton, Woodhaven, Grosse Ile, Allen Park, Brownstown, Ecorse, Flat Rock, Rockwood, Gibraltar, Lincoln Park, Melvindale, River Rouge, Riverview, Southgate, and Wyandotte.
I have been serving my clients for 15 years now and truly love what I do. After graduating from the University of Michigan I worked in several industries until I was fortunate enough to be introduced to the mortgage business by a friend of my families. I have never looked back as I love what I get to do every day.
In March 1957, James M. Burns opened Maternity BVM Credit Union in the basement of the church rectory. The Credit Union was only open after the Masses on Sunday.
In December 1973, the Credit Union moved to 299 E. Marsile Street, where it remains at this time. The Credit Union bought the original Senesac Home built in 1900
