USDA and FHA Pro and Con in Richmond, Madison County, KY
For the year 2026 in Richmond, within the county of Madison, KY, the USDA loan limit is defined at $336,500. Comparatively, for an FHA loan, the limit for a single-family residence is set at $472,030.
Make use of the Lendersa® USDA loan calculator to compare today's best USDA and FHA rates. This tool helps you determine the necessary income, credit standing, reserves, and documents needed to qualify. With our advanced mortgage calculator, view USDA, FHA, Conforming, and VA loan options side by side, guiding you to decide which program in Alabama best suits your financial circumstances.
Understanding 2026 Loan Limits and Downpayment Requirements in Richmond, Madison, KY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploration of USDA and FHA Loan Options in Richmond, KY
The goal of Lendersa® is to secure the best possible USDA or FHA loan for you quickly and with little hassle. Begin with one of three starting points that match you to lenders and suitable USDA loan programs.
The USDA home loan, endorsed by the Department of Agriculture, is also known as a USDA rural development loan or USDA mortgage. It is exclusively available in rural neighborhoods, offering an opportunity for those eligible. Unlike FHA loans that require a minimum down payment of 3.5%, USDA loans do not require any down payment, making them an attractive option for eligible borrowers in rural areas.
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
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.
153 Prosperous Place, Suite 2B, Lexington, KY, 40509
Lends in Kentucky
At Pro Mortgages LLC You can trust us to find the loan program that’s best for you. When you decide to buy a home or refinance a mortgage, it’s a big step. Buying a new home is a source of anxiety, frustration — and a huge sense of accomplishment. You didn’t pick the house that was best for someone else,
3270 Blazer Parkway, Suite 202, Lexington, KY, 40509
Lends in Kentucky
At MSI Lending of Lexington we strive to make you a client for life. We want to be your first choice each and every time you need a home loan. We always try to go above and beyond for you so that you will always feel confident referring your family and friends to us for their mortgage financing needs.
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,
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.
