USDA and FHA Pro and Con in Simonton-Lake, Elkhart County, IN

In 2025, USDA loan limit in Simonton-Lake, county of Elkhart, IN is $285,000 while FHA limit is $356,362 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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2025 loan limits and downpayment requirments in Simonton-Lake, county of Elkhart, IN

Loan Type Loan Limit Down payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

USDA and FHA loan options in Simonton-Lake, IN

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Indiana?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

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



  • THE BRATTLEBORO SAVINGS AND LOAN ASSOCIATION
  • 221 Main Street, Brattleboro, VT, 05301
  • Since our beginning in 1912, Brattleboro Savings & Loan has become a staple of the Brattleboro area by creating and providing competitive financial services and solutions to help the surrounding communities flourish. We are an independent, full-service, community-focused financial institution focused on providing exceptional personal service
  • FIRST CHOICE MORTGAGE SERVICES, LLC
  • 139 Main Street, Suite 615, Brattleboro, VT, 05301
  • First Choice Mortgage Services is a privately-owned, full-service mortgage broker offering Conventional, FHA, VA, Investor and Jumbo loans to finance the purchase of your first home, vacation home, condominium, or investment property. The key to our success has been a combination of consistently offering the lowest possible rates.
  • CORE Credit Union
  • 1099 Bermuda Run Rd., Statesboro, GA, 30458
  • CORE Credit Union was founded, in 1974, as Bulloch County School Employees Credit Union by eight residents of Bulloch County. The charter members originally founded the Credit Union to serve educators in Bulloch County. In 1980, the Credit Union expanded its field of membership to include the employees of Georgia Southern College.
  • AgSouth Farm Credit
  • 26 S Main Street, Statesboro, GA, 30458
  • Financing for all agricultural interests, farms, rural recreational tracts, timber tracts, home lots, conventional home mortgages, home lots, home construction and rural land not intended for non-agricultural commercial use or immediate resale. Loans for Land, Farms and Homes throughout South Carolina and Georgia.
  • Gateway Funding, Inc.
  • 338 Shipyard Blvd, Wilmington, NC, 28412
  • Gateway Funding, Inc. is a NC based family owned and operated specializing in commercial lending with a wide range of products in 45 states. We give a free consultation in order to determine the goals of the client and assess their financial situation. (Including refinancing) Gateway Funding, Inc.
  • Seaside Mortgage
  • 5653 Carolina Beach Rd, Suite D2, Wilmington, NC, 28412
  • We specialize in residential mortgages and offer conventional, FHA, USDA, and VA loans. We take pride in treating each customer as a family member! Our dedication to customer service is the foundation of our business. With many years experience, it’s the reason so many of my clients finance with Seaside Mortgage.
  • USA Capital Group
  • 818 St Andrews Dr Unit L, Wilmington, NC, 28412
  • USA Capital Group provides alternative financing options for small businesses, as well as, personal loans nationwide. We have helped hundreds of Americans start a new business or expand their current business. We offer innovative financial solutions that bring Peace of Mind to the American People.
  • Morton Credit Union
  • 121 Morton Drive, South Hutchinson, KS, 67505
  • Morton Credit Union was established in February of 1941, the field of membership originally included employees of Morton Salt and their immediate families. We are an Open Credit Union, our membership includes any person living in Reno county and the surrounding counties. Depositors are insured by the National Credit Union Administration (NCUA)
  • Hutchinson Government Employees Credit Union
  • 121 E Avenue A, Hutchinson, KS, 67501
  • HGE Credit Union was chartered in 1945 as Hutchinson Municipal Employees Credit Union. Originally, only city employees were eligible to become members. Tom Tomlin, firefighter at Fire Station #1 kept CU papers in a cigar box. The charter gives the address as 18-22 East Avenue B, which was the police department and Fire Station #1.