USDA and FHA Pro and Con in Covington, St. Tammany County, LA
In the year 2025, the USDA loan cap in Covington, located within the county of St. Tammany, LA, is set at $336,500. Meanwhile, the FHA cap for a single-family residence is $472,030.
To compare the most favorable USDA versus FHA rates available today, consider using the Lendersa® USDA loan calculator. It evaluates necessary income, credit score, reserves, and documentation for qualification. With our state-of-the-art mortgage calculator, you can view USDA, FHA, Conforming, and VA loan details side by side, assisting you in deciding which program, including in , suits your financial needs best.
Loan limits and down payment requirements for 2025 in Covington, county of St. Tammany, LA
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 choices in Covington, LA
Lendersa® is committed to swiftly providing you with the optimal USDA or FHA loan options while ensuring minimal complications. Begin with one of three paths to find matching lenders and discover suitable USDA loan programs.
A USDA home loan is endorsed by the government through the Department of Agriculture, also known as the USDA rural development loan or USDA mortgage, provided exclusively in rural regions. Distinct from FHA loans which necessitate a minimum down payment of 3.5%, a USDA mortgage does not require any initial down payment.
Ocmulgee Mortgage Company is a locally owned mortgage company in business and designed to help families obtain mortgage loans without having to deal with the headache of large institutions. Ocmulgee Mortgage Company prides itself on competence and quickness of process. We look forward to serving you today!
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. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
1930 Piggott State Bank opened its banking doors. Since that humble beginning, our bank has grown with the community and our many loyal banking customers.Piggott State Bank is the only bank chartered in Clay County and your banking decisions are made by local bankers We are dedicated to remaining home-owned and home-operated and proud of our strong
North Georgia National Bank is the only bank in Gordon County with its headquarters in Calhoun. That means streamlined decisions by staff who understand your community better than anyone else. Other banks might claim "small town" values, but only one shares your "hometown" values
MidSouth Community Federal Credit Union is a not-for-profit financial cooperative. When you join the credit union, you become a shareholder/owner of a unique financial institution. Earnings above the required reserves are returned to you, in the form of lower interest rates on loans and competitive dividends on savings.
GMFS is licensed as a mortgage lender in the following states: Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. GMFS is an approved Fannie Mae Seller-Servicer, Freddie Mac Seller-Servicer
AHP Capital Out of the depths of the recession of the mid 2000s and the largest loss of real estate value in US history David Dick and Jim Cantrell formed a new real estate company with a diversified approach to lending and investing. and also Their new company combined construction, property management, sales and lending.
Emory Alliance Credit Union was chartered in 1968 to serve the employees of Emory University and Emory University Hospital. In the last 40 years, its field of membership has grown to include Emory University students and faculty, Emory Healthcare, Residents or Employees of DeKalb or Fulton County, Georgia, and other Emory-related organizations.
CLARITY ONE RICH GROUP LLC excels in simplifying financial empowerment. Led by industry expert Ezekiel Williams, our dynamic firm is committed to transforming your financial journey. Harness our expertise to unlock smart investment strategies and insightful financial guidance. Connect with us today to embrace clarity and success in your financial p
When we formed back in 2007, we felt that our community deserved the personal and professional service that only a local bank could deliver. We made it our goal to ingrain ourselves into the community, to learn its unique needs and to take our knowledge to serve the business owners, entrepreneurs, homeowners and consumers in our market.
980 Johnson Ferry Road, Suite 190, Atlanta, GA, 30342
Northside Federal Credit Union is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. We are actively working to increase accessibility and usability of our website to everyone. If you are using a screen reader or other auxiliary aid
We are a direct lender and are approved as a seller and servicer by the Federal National Mortgage Association (Fannie Mae) and the Government National Mortgage Association (Ginnie Mae). We operate as a Federal Housing Administration (FHA) Direct Endorsement Lender and a Veterans Administration (VA) authorized underwriter.
