As of 2025, the USDA loan ceiling in Lake-Norman-of-Catawba, situated in Catawba county, NC, is $285,000. In contrast, for single-family homes, the FHA loan limit is set at $356,362.
For those navigating today's market, the Lendersa® USDA loan calculator offers a valuable resource to compare the most competitive rates between USDA and FHA options. Evaluate your income, credit, reserves, and necessary paperwork to qualify effectively. Our sophisticated mortgage calculator enables a direct comparison across USDA, FHA, Conforming, and VA loans, helping you determine the most fitting option for your financial context in
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| Loan Type | Loan Limit | Down Payment Required |
| USDA | $285,000 | 0% |
| FHA | $356,362 | 3.5% |
| Conventional Conforming | $548,250 | 3% |
The mission of Lendersa® is to streamline your experience in acquiring the best USDA or FHA loan expediently and with ease. You can initiate your journey by choosing from three clear-cut steps designed for precision matching with lenders and identification of appropriate USDA loan programs.
A USDA home loan is a government-backed mortgage by the U.S. Department of Agriculture, often known as a USDA rural development loan or mortgage. Primarily available for rural regions, it provides an affordable financing option where no down payment is required, unlike FHA loans which mandate at least a 3.5% down payment.
This loan type makes homeownership achievable for those in qualifying rural areas. The strategic support by the Department of Agriculture ensures borrowers benefit from competitive interest rates and conditions that favorably compare to other loan types.
By choosing a USDA loan, homeowners can leverage the advantage of financing a home with minimal upfront costs, a significant benefit in today's economic climate, especially for those with restricted access to hefty down payments.
Enter your location to find out if it qualifies for USDA rural housing loan?
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