For 2025, the USDA loan limit for Salem in the county of Washington, IN, is set at $336,500, whereas the FHA loan limit for a single-family home is $472,030.
Employ the Lendersa® USDA loan calculator to assess today's top USDA versus FHA rates. This calculator will help you evaluate the necessary income, credit, reserves, and documentation needed to qualify. By utilizing our advanced mortgage calculator, you can place USDA, FHA, Conforming, and VA loans side by side to determine which program in Alabama most effectively aligns with your unique financial requirements.
Review of 2025 Loan Limits and Downpayment Terms in Salem, Washington, IN
Loan Category
Loan Limit
Downpayment Requirement
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Choices in Salem, IN
Lendersa® aims to secure the optimal USDA or FHA loan for you efficiently and smoothly. Choose one of three available initial approaches that correlate with lenders and USDA loan programs.
A USDA home loan is backed by the U.S. Department of Agriculture and is often referred to as a USDA rural development loan or USDA mortgage. It is primarily available in rural communities. Different from FHA loans, which require at least a 3.5% down payment, the USDA mortgage loan necessitates no payment upfront.
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued client. We understand you're making a big commitment in buying a home, refinancing your mortgage, or cashing out your home’s equity. Therefore we make a commitment to you.
"Founded in 2005, the key to our success has been a combination of consistently offering the lowest possible mortgage rates and above all providing outstanding customer service. We take pride in treating our clients with honesty, integrity and transparency.
We want to get to know you so that one of our seasoned loan officers can offer"
233 Needham Street, Suite 300, Newton Center, MA, 02459
IND Mortgage is a boutique broker committed to helping borrowers secure a loan: for residential, investment, commercial or small business. Whether you are a buying or refinancing, consolidating debt, or investing in real estate, our experienced team is dedicated to help you accomplish your personal and business goals.
321 Walnut Street, Suite 412, Newtonville, MA, 02460
Debbie Siegel founded her mortgage brokerage firm Westchester Mortgage in 2000. Since then, she has helped hundreds of clients buy or refinance their homes. In addition, she’s cultivated an extensive professional network of real estate attorneys, insurance agents, contractors, mediators, business coaches, and financial planners.
At Peoples Choice Mortgage we value our family. In turn, we treat all of our clients like family. We know that understanding finances isn’t always a straight path. That’s why we work to develop and educate all of our clients throughout the loan process. Our focus is empowering you to make a financial choice that fits your needs.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
At Right Key Mortgage, we educate our borrowers to make this a worry-free process, from pre-qualification to close – that’s our promise to you! We're here to make the home loan process as simple as possible. We work very hard for our customers because nothing pleases us more than helping our clients achieve the dream of affordable home ownership.
At MortgageINQ, we treat each customer as an individual, not a number. We will take the time to analyze your personal financial situation and fit you with home financing that fits your long and short term financial goals. We represent multiple "A" rated lenders with extremely competitive rates and programs.
