USDA and FHA Pro and Con in Elkin, Surry County, NC
For 2025, the USDA loan limit in Elkin, situated in the county of Surry, NC, is $336,500. In contrast, the FHA loan limit for a single-family home stands at $472,030.
Use the Lendersa® USDA loan calculator to assess the current optimal rates between USDA and FHA loans. Determine the necessary income, credit, reserves, and documents needed to qualify. Our sophisticated mortgage calculator allows you to review USDA, FHA, Conforming, and VA loans side by side, helping you choose the best option for your financial situation in .
Understanding Loan Limits and Down Payment Requirements for 2025 in Elkin, Surry County, NC
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Explore USDA and FHA Loan Options in Elkin, NC
Lendersa® is committed to securing the finest USDA or FHA loan quickly and without complications. Start by choosing one of three options that connect you with matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or mortgage, is guaranteed by the Department of Agriculture and is solely available in rural areas. Differing from FHA loans that require a minimum 3.5% down payment, a USDA mortgage does not require any down payment, making it more accessible to eligible buyers in rural communities.
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