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.
1001 Dupont Road, Suite 110 B, Louisville, KY, 40207
Encore Mortgage, LLC, we understand your house is your home—not a loan. We know this because we’ve always been in the business of caring about our customer’s journey, writing our story right alongside yours. Whether you are first time home buyer, purchasing your dream home, or refinancing an outstanding loan.
4165 Westport Rd, Suite 204, Louisville, KY, 40207
MM Lending, in Louisville, KY, is a private lending association that provides short-term financing to residential "fix and flip" investors. and also MM Lending offers short-term, hard money loans for residential real estate investors.are the primary means of funding for these investors.
At River City Bank, we pride ourselves on our hometown roots. Being a hometown bank means more than citing an address in Jefferson County, it means we are active members of this community. We live where you live, shop where you shop and support many of the same charitable organizations that you are a part of.
309 E. Market Street, Suite 103, Louisville, KY, 40202
Capital Now Funding is a nationwide provider of pre-settlement legal funding.Founded in 2015 in Louisville, KY, Capital Now Funding focuses on providing the most transparent pre-settlement funding solution. We believe law firms & attorneys should be able to refer clients to a funding company without worrying about high interest rates.
LG&E Co. Credit Union was founded in 1934. LG&E provides space to assist the Credit Union in both offices downtown. Our Credit Union belongs to its members. The Credit Union philosophy is summed up in the phrase "People Helping People". It is a teamwork concept called a cooperative - in which depositors and borrowers are mutually benefited.
The National Bank of Adams County has worked hard to be a strong locally owned & operated bank that truly understands the needs of Adams County. Our focus continues to be a banking institution that provides timely & excellent customer service.Our banking structure at NBAC allows us to be successful with this goal because decisions are made locally.
Cardinal is proud to announce their 5-star rating, recently awarded by Bauer Financial. Bauer Financial is a financial rating agency who provides depositor-focused ratings of banks and credit unions in the United States. The Company’s rating scale runs from zero to five, the strongest institutions being granted 5-star ratings.
At Union Capital, home loans are all we do. Since 1995, we have worked to become a trusted lending partner to countless realtors and customers. Realtors depend on us to help their buyers get into the ideal home. Customers we serve return to us again and again – we have gotten to know thousands of them personally over the past 20 years.
Founded in 1924, by United States Post Office Employees in Louisville KY, the Louisville Federal Credit Union is the oldest Credit Union in the state of Kentucky. The Credit Union still exists for one reason, to serve the financial needs of its members. The Credit Union’s founding fathers recognized that a cooperative financial institution.
