USDA and FHA Pro and Con in Covington, St. Tammany County, LA
In the year 2026, 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 2026 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.
Headquartered in Covington, Louisiana, Resource Bank serves the community through ten branch locations within St. Tammany, Washington, Jefferson, Orleans Parishes and East Baton Rouge Parishes. Established in 1998, the institution is owned and operated by over 450 local shareholders and has created near 160 local jobs.
Established in 1924, we not only help our neighbors achieve their financial goals, but it is an integral part of our mission to use our resources to enhance community life. We do this by investing in the events and organizations that make St. Tammany Parish home. We strive to make a tangible difference in our community.
50 Louis Prima Drive, Suite A, Covington, LA, 70433
Lends in Louisiana
Our credit union started as Gulf Employees-Harvey Federal Credit union on October 12, 1955. On January 1, 1975, our name was changed to Gulf Federal Credit Union. On August 28, 1985, we were re-named CUSA Federal Credit Union, as we are today. Later, two other credit unions joined CUSA Federal Credit Union, in 1989, Operators, Inc.
American Bank & Trust Company, Inc. was chartered by the State of Louisiana in 1964. This community bank serves the parishes of Red River, St Tammany, Tangipahoa, and Jefferson. American Bank prides itself as a good citizen in the communities it serves. Local businesses both large and small have grown with us over the years.
Northshore Mortgage Partners is here to handle any of your mortgage lending needs. Our office is conveniently located to serve you in Covington, LA, and we are fully licensed to originate in both Louisiana & Mississippi. We are a true local Mortgage Lender with home loan products for every borrower.
Your one stop mortgage resource. We would love the opportunity to serve anyone who is looking to buy, sell, or refinance residential properties. We can help you in Louisiana, Mississippi, Alabama, & Florida. We Believe every client is unique. You are more than just a loan and a loan should help you achieve your goals and dreams.
522 N New Hampshire St, Suite 7, Covington, LA, 70433
Lends in Louisiana
Vista Mortgage offers over 20 years of mortgage lending experience! Our goal is to make the mortgage process simple and stress free. We strive to be there for our clients, and can be reached after hours if neccassary! We are here to make the mortgage process as simple as possible for all of our clients.
We've been helping customers afford the home of their dreams for many years and we love what we do. There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we’re here to help you choose the best type of home loan for your needs.
At Ace Mortgage Company, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
