USDA Vs. FHA your options comparison in Manchester, Clay County, KY
In 2025, within Manchester, located in Clay, KY, the limit for USDA loans is $336,500, while the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to analyze today's optimal USDA and FHA rates. It will help you understand the income, credit, reserves, and documentation needed for qualification. With our advanced mortgage calculator, you get the opportunity to compare USDA, FHA, Conforming, and VA loans side-by-side to determine the most suitable program in Alabama for your specific financial requirements.
Loan Limits and Down Payment Requirements for 2025 in Manchester, Clay, KY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Opportunities in Manchester, KY
The purpose of Lendersa® is to swiftly secure the most favorable USDA or FHA loans without complications. Start by selecting one of three initial strategies to pair with lenders and find suitable USDA loan options.
A USDA home loan, secured by the Department of Agriculture, known as either the USDA rural development loan or mortgage, is exclusive to rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, a USDA mortgage does not necessitate any down payment.
Magnolia Bank is a community bank established in 1919 with a strong commitment to excellent customer service. This approach to banking is what we were founded on and what has allowed us to grow and serve new markets. At our banking centers in KY, we offer a variety of financial services to meet all your personal and business banking needs.
Liberty Bank traces its history back to the decade preceding the "Gay Nineties" when a group of Ironton businessmen and workingman formed a "Terminating" type of building and loan association, chartered as "The German American Workingmen's Building Association." A certain number of men subscribed to shares
Carter Finance has been serving families in East Tennessee, Western North Carolina, and Southwest Virginia for more than 60 years. Carter Finance was originally opened to service the Carter County area in 1953. A branch office was opened in Mountain City in 1991 to allow us to better serve our Johnson County customers.
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.
We are a not-for-profit federally chartered and insured financial institution. Not-for-profit means that there are no outside investors and our Board of Directors is elected by the membership. They donate their time and expertise to serve you, the member. Further, all the credit union’s earnings are returned to you, our member-owner.
Putnam 1st Mercantile is one of only two banks that is both locally owned & operated in Putnam County. The bank was organized by a group of Putnam County residents looking for a true community bank. The organizers wanted a bank where customers could still be treated like family and were they could interact with someone capable of making a decision.
At Skyway Financial, LLC. We are a full-service mortgage company. We specialize in Conventional Refinance and Home Purchases. Whether you are buying a home or refinancing, we can help you realize your dream of homeownership or save you money when getting your new lower monthly payment.
"We offer hundreds of loan programs and mortgage choices to our customers,
but our strength lies in the knowledge and experience of our loan officers. Many of our loan officers have been in the industry for decades and have successfully handled all types of home buying situations. Our loan officers are responsive.
