USDA Vs. FHA Pro and Con comparison in Salem, Washington County, IN
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.
"Founded in 1942, Maumee Valley Credit Union is celebrating its 78th anniversary this year.
Our original field of membership consisted of employees of the New York Central Railroad, Penn Central Railroad, and Consolidated Rail Corporation. With increased popularity and demand for credit union services we began to expand our field of membership
One Mid America Plaza, Suite 800, Oakbrook Terrace, IL, 60181
NEO represents the new way of doing home loans. We advise you how to pay off your mortgage and consumer debts faster and with much lower cost – all while maximizing your wealth. We focus on your long-term, comprehensive wealth strategy over the short-term mortgage transaction. Founded in 2021.
17 West 220 22nd Street, Suite 250A, Oakbrook Terrace, IL, 60181
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.
1801 S Meyers Rd, Suite 500, Oakbrook Terrace, IL, 60181
The Peoples Home Equity Inc Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of Illinois. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan.
1801 S. Meyers, Suite 400, Oakbrook Terrace, IL, 60181
At Constructive, our mission is to help the residential real estate investor by providing an easy process, competitive pricing, and expansive programs to meet all of their financing needs.
Whether it’s fix to flip or buy to hold, we are committed to providing the right solutions for our clients.
We are income or credit driven for our loans. These loans are perfect for investment projects or cash out on free and clear properties. Most loans close in 7-14 days.
All loans will be considered, and are based on EQUITY, exit strategy, value, and ability to demonstrate repayment of the loan.
The Mission of Community Bank of Elmhurst is to provide superior, personalized banking services, valuing our customers and community first. Community Bank of Elmhurst, in Elmhurst, IL, is one of the area's leading banks serving Elmhurst and surrounding areas. We specialize in checking and savings accounts, personal and commercial banking.
101 North Addison Street, Suite 202, Elmhurst, IL, 60126
Our mortgage team members will give you the individual attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in purchasing a home, refinancing a mortgage, or tapping into your home equity. So we make a promise to you.
