USDA Vs. FHA Pro and Con comparison in Fort-Polk-South, Vernon County, LA
For the year 2025, the USDA loan limit applicable to Fort-Polk-South, located in the county of Vernon, LA, has been established at $285,000. In contrast, the FHA loan limit for a single-family residence within the same area stands at $356,362.
To compare the most favorable rates available today for USDA versus FHA loans, you can leverage the Lendersa® USDA loan calculator. This tool helps you assess the necessary income, credit score, reserves, and documentation required to qualify. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, guiding you to the best decision for your unique financial needs in .
2025 Loan Limits and Down Payment Requirements in Fort-Polk-South, Vernon, LA
Loan Type
Maximum Loan Limit
Required Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Fort-Polk-South, LA
The mission of Lendersa® is to efficiently secure the best possible USDA or FHA loan for you, making the process quick and hassle-free. You have the option to select one of three initial strategies, each leading to matching you with suitable lenders and the most appropriate USDA loan programs.
The USDA home loan, formally termed as USDA rural development loan, is a government-backed mortgage provided by the Department of Agriculture. It is exclusively available in designated rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans offer the significant advantage of requiring no down payment whatsoever, making them particularly attractive for residents in qualified areas.
Forty years ago, a small group of local businessmen in Pontotoc County established the First American Bank of Roff in order to meet the personal banking and business-banking needs of the citizens in Roff and surrounding areas. The mission of the bank, then and now, has been to serve its customers with personalized banking service.
The Peoples Bank of Greensboro was incorporated in 1904, succeeding the banking business known as A. Lawson, Banker, which began in 1881. The original branch was located in downtown Greensboro at 1112 Main Street. A second branch was opened in 1975 at 1402 State Street. The bank operated both branches until the Main Street branch burned in 2002
Harvesters Credit Union began serving the employees and families of what is now International Paper in 1948. In 2003, we became a community charter credit union and opened our doors to anyone living, working, worshiping or attending school in Escambia and Santa Rosa counties. Since then, we’ve grown to serve over 20,000 members.
Harvesters Credit Union began serving the employees and families of what is now International Paper in 1948. In 2003, we became a community charter credit union and opened our doors to anyone living, working, worshiping or attending school in Escambia and Santa Rosa counties. Since then, we’ve grown to serve over 20, 000 members
American National Bank opened for business in May 1983. The original location was at 10 West Main in what is now known as the Colston building. In January 1984 the home office moved to its present location at 1901 North Commerce. In June 2016, ANB changed the bank charter from a National charter to a State charter.
Our leadership is committed to the development of new leaders for the future of our bank and our communities. We will continue to promote the economic growth and stability of the communities we serve by providing high quality, competitive financial products and personalized, customer-oriented service.
Our bank opened its doors on September 18, 1978 in the Little Building, located at 10 West Main Street. At inception, we were a national bank, and our bank's name then was Citizens National Bank. When we moved to our current location at 1100 North Commerce Street in 1979, we reopened the downtown location as a branch of the bank in January 1984.
"Green Mortgage Company has been a true partner to our clients in the industry. We have experience working with customers from all walks of life and in every type of situation.
ur mortgage services include First Time Buyers, FHA & VA Loans, USDA, Conventional & Jumbo Investment, Construction to Permanent."
The Memphis City Employees Credit Union, formerly the City of Memphis Credit Union, was established in May of 1959. The Credit Union has experienced tremendous growth and accomplishment over the last 62 years. Our first branch opened its doors in a corner of the City Treasurer’s office at the old court house and began serving the city employees.
Paragon Bank prides itself on offering superior service based on a combination of banking expertise and local knowledge. A full-service bank with a comprehensive package of banking solutions delivered both in person and online, Paragon bankers provide big bank products and capabilities with community bank personal service.
Spruill Global Funding LLC is dedicated to help business owners find the right loan products for commercial finance, refinancing your existing real estate, purchases, equipment purchasing, merchant cash advances and we offer an array of other products. We service the local Memphis, Cordova, Collierville areas.
Bank of Eufaula is a 100 year old community bank located in Eufaula, Oklahoma, home of the beautiful Lake Eufaula. We are a full service bank focusing our attention on serving the needs of the residents of the Eufaula City and Lake Areas, and also the McIntosh County, Northern Pittsburg County, and Western Haskell County areas.
