USDA Vs. FHA Pro and Con comparison in Portageville, New Madrid County, MO
In the year 2026, the USDA loan limit set for Portageville, located within New Madrid in MO, is $336,500. Meanwhile, the FHA loan limit for a single-family home is established at $472,030.
You can use the Lendersa® USDA loan calculator to compare today's top rates between USDA and FHA loans. It also helps outline the necessary income, credit, reserves, and documentation required for qualification. With our advanced mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, helping you determine the most suitable program for your financial needs in .
Loan Limits and Down Payment Requirements for 2026 in Portageville, New Madrid, MO
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Available USDA and FHA Loan Choices in Portageville, MO
The aim of Lendersa® is to swiftly secure you the best USDA or FHA loans with minimal hassle. You can begin with one of three strategic approaches designed to match you with lenders and USDA loan programs effectively.
The USDA home loan, often referred to as a USDA rural development loan or USDA mortgage, is guaranteed by the U.S. Department of Agriculture and is exclusively available in rural communities. It stands out from FHA loans, which require a minimum down payment of 3.5%, since USDA mortgages offer the opportunity for no down payment.
Bank of New Madrid had approximately five employees with manual typewriters, adding machines and posting machines to assist in the daily work. Electric typewriters and adding machines, as well as proof machines and photo copiers, came much later. The latest addition, computer and data processing equipment as well as electronic handling of transacti
Founded September 7, 1963 as Kennett National Bank, Kennett Trust Bank is one of the oldest independently-owned and managed banks in the area, with 7,000 customers and over $110 million in assets. We actively support the community, donating funds and employee volunteer hours to many educational, hometown and family-related causes.
We are your hometown, community bank, & to us people matter. Our deposits are invested locally to promote economic growth and meet the borrowing needs of our customers. When you choose to bank with us, your business is managed locally, which means no out-of-town or out-of-state committee is necessary to evaluate your requests or fulfill your needs.
Highway Crossroads Credit Union was founded in August of 1953 to serve the employees, retirees, and the immediate family members of Missouri Department of Transportation (Southeast District) and Missouri State Highway Patrol (Troop E).Today, Highway Crossroads Credit Union has over 1, 600 members and assets of $14.0 million.
Montgomery Bank is a family-owned community bank, helping fiscally responsible businesses and families, with the easiest and friendliest financial solutions. Montgomery Bank's 10 branch locations provide personal and commercial banking services to the communities throughout Southeast Missouri and St. Louis.
