USDA Vs. FHA Pro and Con comparison 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.
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