USDA Vs. FHA your options comparison in Morehead-City, Carteret County, NC
In 2025, the set USDA loan limit for a single-family home in Morehead-City, within Carteret county, NC, is $285,000, whereas the FHA limit is $356,362.
Lendersa® provides a USDA loan calculator, enabling comparison between the prevailing USDA and FHA best rates and determination of the necessary income, credit score, reserves, and documents needed to qualify. Our advanced calculator offers a side-by-side view of USDA, FHA, Conforming, and VA loans, assisting in selecting the most fitting program in Alabama for your unique financial needs.
Loan Limits and Down Payment Needs in Morehead-City, Carteret county, NC, 2025
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 Morehead-City, NC
The mission of Lendersa® is to swiftly connect you with the ideal USDA or FHA loan option, minimizing hassle. Choose from three starting points to match with lenders and USDA loan programs.
A USDA home loan is backed by the Department of Agriculture. Known as a USDA rural development loan or mortgage, it caters specifically to rural areas. Unlike FHA loans, which necessitate a minimum down payment of 3.5%, USDA loans do not require a down payment.
Music City Mortgage, Inc. is family owned and operated. We are available for you 7 days a week. We answer our phones and emails and can get you pre-approved morning, noon or evening. With over 25 years in the business, our team is committed to providing our clients with the highest quality mortgage services.
Premier Bank in Cullman to meet the needs of our community. Since that time, we have served many businesses, families, and individuals throughout North Alabama.Whatever the need, the decision is made locally, by people you know and trust, who take pride in being a part of this community
Merchants Bank of Alabama, a division of SouthPoint Bank, has become Cullman County’s go-to locally owned bank by going way out of our way. It’s an approach to banking that goes way back to 1907 when we opened in Hanceville, Alabama. Since then we’ve made a point of changing with the customer. Not just the times.
Located in northern Alabama, First Community Bank is an $120 million community financial institution operating since 1905.
First Community Bank offers competitive interest rates on all deposit products including certificates of deposits, checking and savings accounts. We are also dedicated to providing competitive mortgage financing for purchases.
Cullman Savings Bank is a Bank with operations in one state. Cullman Savings Bank offers numerous mortgage programs including conventional, FHA, VA and construction mortgages and We offer competitive mortgage loan rates with local customer service to help you find the mortgage loan that is right for you
EvaBank is cautiously aggressive in its loan policy as well as in its deposit policy. EvaBank strives to beat the competition both service wise and rate wise. We offer ATM/Check Cards, online Banking, mobile Banking and mobile deposit.We can make a decision with respect to automobile loans and other personal loans within a matter of minutes.
Traditions Bank is a true community Bank. That’s why we do things different here. We make personal connections with our customers and create ways to ensure we are helping guide their financial security and prosperity. These connections and agility are what “Building Bridges” means to us. In a world where financial services.
Peoples Bank of Alabama was born in 1977 as Peoples Bank of Holly Pond. Back then the citizens of this community needed a local Bank to serve their financial needs - one that understood their specific needs, wants, and dreams. We began with a simple mission of putting people first and doing what is right.
The Mortgage Center began in August 1992 as a one-man operation located in Cullman, Alabama. The company now has 2 offices in Alabama and has grown to one of the largest independent mortgage brokers in Alabama. The company has funded over 15,000 mortgage loans since its inception.
The PGE FCU was established in 1927 to serve the banking needs of the Employees of the United States Postal Service. Since then we have extended that service to certain employees of the USA. Membership is also available to certain family members of existing Credit Union Members. As you will see, we are a full-service financial institution.
At Versailles Savings & Loan, customer service is our number one priority. We are able to meet the needs of our customers with our staff’s fast friendly service. Being locally owned and operated, we are able to assist our customers by getting them answers in a timely manner rather than waiting for word from a corporate office
