USDA Vs. FHA Pro and Con comparison in Simonton-Lake, Elkhart County, IN
For the year 2025, the USDA loan limit for a single-family home in Simonton-Lake, county of Elkhart, IN, is $285,000, whereas the FHA limit stands at $356,362.
By using the Lendersa® USDA loan calculator, you can compare the top USDA vs. FHA rates available today, and determine the necessary income, credit score, reserves, and documents required to qualify. Our advanced mortgage calculator provides a side-by-side look at USDA, FHA, Conforming, and VA loans, assisting you in selecting the best option for your financial needs in .
2025 loan limits and downpayment requirements in Simonton-Lake, 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
The objective of Lendersa® is to provide you with the optimal USDA or FHA loans quickly and effortlessly. Choose your starting point from three alternatives that match you with potential lenders and USDA loan programs.
A USDA home loan, also called a USDA rural development loan or mortgage, is guaranteed by the U.S. Department of Agriculture and available solely in rural areas. While FHA loans require a down payment of at least 3.5%, USDA loans require no down payment at all.
18170 Dallas Parkway, Suite 304, Dallas, TX, 75287
The Mike Clover Group at Homewood Mortgage is a close-knit group of experienced mortgage professionals dedicated to getting their clients the best loans in the shortest amount of time.
Every member of the team has at least 10 years' experience in mortgage lending, and each shares Mike's strong belief in GOD, family, and doing the right thing
18170 Dallas Parkway, Suite 304, Dallas, TX, 75287
Established in 2001, Homewood Mortgage was founded by CEO and President, John Rasor, as a small mortgage brokerage firm with a hands on-approach to meeting the needs of the consumer. Since then we have evolved into a full service mortgage banker servicing the needs of Texas and Florida.
16950 Dallas Parkway, Suite 105, Dallas, TX, 75248
Reliant Mortgage LTD, where we specialize in residential mortgages. At Reliant Mortgage LTD, we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly.
We are a direct private lender offering short term acquisition and renovation capital to real estate investors for both residential and commercial assets.Our complementary businesses include a title company and real estate law practice operating out of our corporate office.Longhorn Investments was formed in 2008.
17300 Dallas Parkway, Suite 1030, Dallas, TX, 75248
Founded in 2009, Town Square Mortgage has built a strong reputation as a preferred mortgage lender by serving the needs of homebuyers, real estate professionals, and builders. Town Square Mortgage is an all-inclusive mortgage lender dedicated to finding you a home loan that meets your specific needs. Having the loan process in-house
Trey Bolen started working in the mortgage industry more than a decade ago, working in a number of areas including underwriting, processing, secondary marketing and sales. As his experience grew, Trey saw huge opportunities to make the mortgage industry better. Traditional lenders had a tedious and aggravating application process.
15950 N. Dallas Pkwy, Suite 400, Dallas, TX, 75248
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 along with the best service in the industry. Furthermore we pledge to help borrowers overcome roadblocks that can arise while securing a loan
Ceasons Holdings is a Texas based private real estate lending company dedicated to financing short-term asset based loans. Ceasons Holdings is based out of Dallas, Texas and is a family owned and operated private real estate lender.Ceasons Holdings’ principals are passionate about real estate and are able to draw on their experiences as: direct le
405 Golfway West Drive, Saint Augustine, FL, 32095
DLP Capital is a private real estate investment and financial services company focused on making an IMPACT by acquiring, developing, and building relationships, housing, leaders, and organizations. DLP Capital executes its IMPACT through a wide array of business divisions and companies including lending, investment funds, sales, leasing, property m
