USDA VS FHA in Lake-Royale, Franklin County, NC

In 2025, the USDA loan limit set for Lake-Royale in Franklin county, NC, is $297,100. Conversely, the FHA limit for a single-family home is $371,450.

Use the Lendersa® USDA loan calculator to compare today’s top USDA and FHA rates. Ascertain the income, credit, reserves, and documentation necessary to qualify. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, aiding you in choosing the best program for your financial circumstances in .

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2025 Loan Limits and Down Payment Requirements in Lake-Royale, Franklin, NC

Loan Type Loan Limit Down Payment
USDA $297,100 0%
FHA $371,450 3.5%
Conventional Conforming $548,250 3%

USDA and FHA Loan Options in Lake-Royale, NC

Lendersa® is dedicated to helping you secure the best USDA or FHA loan swiftly and hassle-free. Select one of three starting points to find matching lenders and access USDA loan programs.

Lendersa USDA loan request and matching results

What Defines a USDA Loan 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 offered exclusively in rural neighborhoods. Unlike FHA loans, which require a minimum 3.5% down payment, USDA loans require none.

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



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