USDA and FHA Pro and Con in Richmond, Wayne County, IN
For 2026, 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 .
2026 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.
First Bank Richmond is a community-oriented financial institution headquartered in Richmond, Indiana. First Bank Richmond provides full banking services to individuals and businesses through its eight branches located in Indiana and five branches and one loan production office in Ohio.
WUFFACE Federal Credit Union aspires to create valuable and trusted lifelong relationships that improve the financial well being of our members and the communities we serve. We provide exceptional personalized service delivered with respect and concern for our members. WUFFACE is an acronym for Wayne, Union, Fayette, Federal and County Employees.
Wayne County Federal Credit Union is a federally chartered credit union serving Wayne county and their families. Since we keep things local, we give our personal touch to every transaction. We offer home banking, loans, checking, savings mortgage and online bill paying. All with your WCFCU account. Stop in and see what we can do for you.
Richmond City Employees Federal Credit Union has been open for over 50 years. Membership is open to the City Employees, employees of Morrisson-Reeves Library and Frontier/Verizon employees, and RP&L employees. Membership is also available to immediate family members of an existing member.
Natco Credit Union is a member-owned financial institution. Natco operates as a not-for-profit organization, with the interests of our members in mind. That makes us significantly different from banks, which are driven to operate at a profit to their stakeholders. We were established in 1944 and have provided a variety of accounts.
HCPFCU is NCUA Insured and an Equal Housing Lender. Our credit union opened its doors in 1975, specifically to serve Reid Health Employees. Since then, we have expanded to offer our services to any health care employee in the community, as well as their entire family! We do business in accordance with the Fair Housing Opportunity Act.
Founded in 1882, Wayne Bank and Trust Co. is a well-established, reputable community bank, serving Wayne County, Indiana for over 130 years. As Indiana’s oldest family owned bank, Wayne Bank has successfully served its clientele for over a century by maintaining the core values of providing the finest personal banking services,
Perfect Circle Credit Union has served working families in Wayne and Henry Counties, helping them meet their financial needs and achieving their goals. Almost ninety years later we are still dedicated to the philosophy of “People Helping People”, and helping our members build better lives.
