USDA and FHA Pro and Con in Sheridan, Hamilton County, IN

During 2025, the USDA loan ceiling for a single-family house in Sheridan, located within Hamilton, IN, is set to $336,500. Comparatively, the FHA loan limit is $472,030.

Employ the Lendersa® USDA loan calculator to evaluate and contrast the current best rates between USDA and FHA. This tool helps determine the required income, credit score, reserves, and paperwork to qualify. The advanced mortgage calculator allows you to compare USDA, FHA, Conforming, and VA loans within , assisting you in identifying the most suitable option for your financial needs.

Examine loan proposals from over 100 lenders

2025 Loan Limits and Down Payment Requirements in Sheridan, County of Hamilton, IN

Loan Type Maximum Loan Initial Deposit
USDA $336,500 0%
FHA $472,030 3.5%
Standard Conforming $726,200 3%

USDA and FHA Loan Opportunities in Sheridan, IN

The aim of Lendersa® is to streamline the process, ensuring you swiftly obtain the most favorable USDA or FHA loans minus the hassles. Opt from three different starting points to connect with matching lenders while exploring USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IN

A USDA home loan is a government-backed mortgage granted by the Department of Agriculture, often referred to as the USDA rural development loan or USDA mortgage. It's available solely in rural areas. Unlike FHA loans that necessitate a down payment of at least 3.5%, USDA loans require no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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