USDA and FHA Pro and Con in Petal, Forrest County, MS
In the year 2026, the USDA loan limit for Petal, situated in Forrest county, MS, is $336,500. In contrast, the FHA limit for a single-family home stands at $472,030.
Utilize the Lendersa® USDA loan calculator to compare today's leading USDA and FHA rates and determine the necessary income, credit score, reserves, and documentation to qualify. With our advanced mortgage calculator, you can review USDA, FHA, Conforming, and VA options side by side, helping you decide on the best program in based on your financial situation.
2026 Loan Limits and Down Payment Requirements in Petal, Forrest, MS
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Petal, MS
The goal of Lendersa® is to provide you with the best USDA or FHA loan swiftly and with minimal hassle. Choose from one of three starting points to connect with matching lenders and specific USDA loan programs.
A USDA home loan, guaranteed by the U.S. Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is solely available in rural neighborhoods. Unlike FHA loans that require a minimum of 3.5% down payment, USDA loans require no down payment at all.
Warehouse Avenue, Building 82, Camp Shelby, MS, 39407
Lends in Mississippi
Camp Shelby Federal Credit Union is a not-for-profit, member owned financial institution. Its mission is to serve members’ needs by encouraging savings and offering a reasonable rate of return. The Camp Shelby Federal Credit Union seeks to provide the best possible financial services to its members while maintaining its financial stability.
Pine Belt Federal Credit Union is a members-focused institution located in Hattiesburg & New Augusta, MS, dedicated to helping you save money and meet your financial goals. Applications for loans and membership can be filled out online quickly and easily! We offer savings accounts, loans, no-cost notary services, 24-hour ATM access, and much more!
CenturyFirst Federal Credit Union is a full service not-for-profit financial institution that is owned by the members it serves. We are dedicated to providing a wide variety of services, all with competitive rates and fees for the members we serve. We have a large group of sponsors that includes not only The University of Southern Mississippi.
618 Campbell Loop, Suite 10, Hattiesburg, MS, 39401
Lends in Mississippi
We have been in the Real Estate and Mortgage service business for over 20 successful years. This longevity and confidence comes from our Real Estate & Mortgage services to a great many buyers and sellers, and their recommendations to others that result in repeat referral business.
At Grand Bank we put people first. We have been providing our customers with superior and flexible service with a hometown approach since 1968. Our mission is to serve our communities and customers so that families grow stronger, businesses thrive, and communities flourish. Grand Bank is both a great place to save for our customers.
The Bank of Richton closed in 1930 and a new bank was organized that year with E.M. Gavin as President and T.W. Milner as vice president. This was the first organization of the Richton Bank and Trust Company. However in 1932 the Richton Bank and Trust Company was reorganized with B. M. Stevens appointed President, C.S. Bentley as Vice President.
At Central Sunbelt, we have tons of great options to buy, build, or enhance your home to fit your lifestyle and wallet. Flexible loan options paired with competitive rates and as little as zero down payment allow new or seasoned home-buyers to make the right decision for their home. We are excited to get started on making your dreams come true.
The Bank of Wiggins opened on December 4, 1916, after the former Peoples Bank in Wiggins was liquidated. According to an article in the Stone County Enterprise, December 1, 1966, Murphy Cooper arrived in Wiggins on the night of December 3, 1916, by train with the necessary cash with which to open the bank.
Covington County Bank has been offering customers outstanding service for over 40 years. From checking accounts to loans, and everything in between, we will find a product that suits your needs! A friendly hometown bank ready to meet all of your banking needs. Locally owned, locally headquartered.
