USDA and FHA Pro and Con in Lake-Park, Union County, NC

In 2025, the USDA loan limit for Lake-Park in Union county, NC, is set at $285,000. The FHA limit for a single-family home, however, is $356,362.

Utilize the Lendersa® USDA loan calculator to evaluate and compare the best rates between USDA and FHA for today's market. Ascertain the necessary income, credit, reserves, and documentation required for eligibility. Our advanced mortgage calculator shows USDA, FHA, Conforming, and VA options side by side, assisting you in determining the most suitable program for your financial needs in .

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2025 Loan Limits and Down Payment Requirements in Lake-Park, Union, NC

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Options for USDA and FHA Loans in Lake-Park, NC

Lendersa® is committed to helping you obtain the best possible USDA or FHA loan quickly and effortlessly. Choose one of three starting points that lead to finding matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in NC

A USDA home loan, backed by the U.S. Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is restricted to rural areas. Unlike FHA loans that necessitate a minimum down payment of 3.5%, USDA mortgages require no down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • THE MORTGAGE CONNECTION LLC
  • 1370 Dorchester Ave, Suite 24, Dorchester, MA, 02122
  • We treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
  • Apex Capital
  • 12 Ericsson St, Boston, MA, 02122
  • Apex Capital is a private investment firm specializing in real estate secured credit investments throughout the Northeast United States We provide our real estate investor clients with bridge financing to purchase, refinance, construct, or renovate their residential and commercial investment properties when traditional lenders.
  • First Community Bank of the Ozarks
  • 931 State Hwy 248, Branson, MO, 65616
  • First Community Bank of the Ozarks is a financial institution that is committed to serving the personal and business banking needs of the Branson, Hollister and Forsyth communities. Because we’re a community bank, we offer local decision-making from people you know and trust. First Community Bank Established in 1993.
  • Colonial Federal Savings Bank
  • 15 Beach Street, Quincy, MA, 02170
  • Since 1889, Colonial Federal Savings Bank has been “your neighborhood bank”. As the only remaining mutual savings bank founded in the City of Quincy, we are aware that nothing replaces the understanding, thoughtful, and individual service that is only available through personal contact.
  • Barry Rabinovitz - Classic Homes Real Estate
  • 12 Beach St, Quincy, MA, 02170
  • Classic Homes Real Estate is a well established (over 33 yrs), successful, independently owned and operated full service residential real estate agency. We are not a traditional “cookie cutter” real estate agency. Even our office is different. We’ve restored a residential home in the heart of Wollaston Center, and filled it with a caring.
  • Powerhouse Funding Corp
  • 439 Columbia Rd, Suite 101, Hanover, MA, 02339
  • Powerhouse Funding Corp. is a residential mortgage brokerage in Hanover, Massachusetts, specializing in conventional and government mortgage lending products.We arrange residential mortgage loans for clients home purchase and home refinance needs through a vast array of lenders that we broker with.
  • The Tipton Latham Bank, National Association
  • 800 US-50, Tipton, MO, 65081
  • The Tipton Latham Bank, N.A. is a locally owned and operated independent community bank established in 1906. We are a full-service bank offering: Free Checking Regular Checking Savings Account Now Account Super Now Account Money Market Account Certificates of Deposit IRAs Debit/ATM Cards
  • Ozark Bank
  • 106–112 North 2nd Ave, Ozark, MO, 65721
  • Ozark Bank is the only remaining home owned bank in Christian County. Chartered in 1906, Ozark Bank is in its 116th year of service to the residents of Christian County and surrounding communities. Ozark Bank was founded by a group of local businessmen with a vision to improve Ozark and Christian County by providing banking services