USDA Vs. FHA Pro and Con comparison in Berea, Madison County, KY
In 2026, the USDA loan limit for Berea, located in the county of Madison, KY, is set at $336,500, whereas the FHA limit for a single-family home is $472,030.
Utilize Lendersa®'s USDA loan calculator to check and compare today's prime USDA versus FHA rates, and discover the income levels, credit requirements, reserves, and documentation necessary for qualification. By using our sophisticated mortgage calculator, you can examine side-by-side comparisons of USDA, FHA, Conforming, and VA options to assist in selecting the most appropriate program for your financial circumstances in .
2026 Loan Limits and Down Payment Prerequisites in Berea, Madison, KY
Type of Loan
Maximum Allowable Loan
Required Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Berea, KY
At Lendersa®, our mission is to secure the most favorable USDA or FHA loans efficiently and without stress. You may select from three strategies that align you with ideal lenders and their USDA loan programs.
The USDA home loan, often referred to as the USDA rural development loan or mortgage, is supported by the U.S. Department of Agriculture. This loan is specifically designated for use in rural communities. In contrast to FHA loans, which demand at least a 3.5% down payment, the USDA home loan requires no down payment whatsoever.
Fahe Loan Servicing emphasizes quality customer care and personalized account management on the mortgages we service for Fahe, its partners, and our borrowers. By utilizing our experienced team, smaller nonprofits are able to keep overhead low. For Members whose primary function does not involve financials,
First Century Lending, LLC (Loan Production Office a subsidiary of Salyersville National Bank, Salyersville KY) opened in 2008 in Somerset KY. We are located in Somerset and Richmond KY. and Type of Loans Offered:
Home Mortgages Commercial Loans Personal Installments Home Equity
PBK has been in business for over 100 years. We opened our first office in Hustonville, Kentucky in 1906 and have been growing and expanding ever since. We have a vast array of banking services including checking and savings accounts, certificates of deposit, IRA’s, Christmas and Vacation club accounts, health savings accounts.
One of the earliest financial institutions in Jessamine County was the Farmers Exchange Bank, located on the corner of Main and Walnut Streets in Nicholasville. As with many individuals and businesses, they experienced financial hardships during the depression of the late 1920’s early 1930’s.
Farmers National Bank has a long, deep-rooted history as a financial institution. Since February 10, 1879, the bank has served customers in ways that earn their trust and loyalty. As it has helped generations of customers in the Bluegrass state achieve their goals, it is known as Your Lifetime Bank.
UKFCU is a rapidly growing, non-profit federally chartered credit union dedicated to providing quality financial services. For over 70 years, our commitment to providing exceptional customer service to every member of the cooperative sets us apart from other organizations. We strive to create a professional environment that fosters personal growth.
Founded in 1978 by Mr. Elmer Whitaker as Whitaker Bancorp, what is now Whitaker Bank Corporation of Kentucky has expanded from five locations within three counties and total assets of $59 million to 45 banking locations within 17 counties and combined total assets of $2.05 billion. Whitaker Bank and Peoples Bank operate as wholly-owned
141 Prosperous Place, Suite 25, Lexington, KY, 40509
Lends in Kentucky
Our team of mortgage professionals, led by Martin Blair, has well over a century of experience "making home happen". Powered by EMB Lenders, a Division of Mid America Mortgage Inc, our team has nationwide reach but provides a personalized, hands-on loan experience. We are currently licensed to provide mortgages in-house.
CBGC LLC is created to service the loan industry a little differently. We support our branches and loan officers with a full-service in-house team which offers them the flexibility they need to best serve their territories and customers. Servicing the loan from beginning to end saves the borrower time.
