USDA and FHA Pro and Con in Porters-Neck, New Hanover County, NC
In 2025, the USDA loan limit in Porters-Neck, located in New Hanover county, NC, is set at $285,000. Meanwhile, the FHA limit for a single-family residence is $356,362.
Use the Lendersa® USDA loan calculator to weigh the current USDA vs. FHA rates, determining the necessary income, credit, reserves, and documentation required for qualification. This sophisticated mortgage calculator lets you evaluate USDA, FHA, Conforming, and VA programs alongside each other, facilitating an informed decision on the best option in to suit your financial landscape.
Loan Limits and Downpayment Requirements for 2025 in Porters-Neck, New Hanover County, NC
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Porters-Neck, NC
Lendersa® aims to facilitate a seamless loan process, securing the best possible USDA or FHA loan options quickly and with minimal hassle. Start by following one of three approaches to match with lenders and uncover the right USDA programs.
A USDA home loan, guaranteed by the U.S. Department of Agriculture, is also known as a USDA rural development loan or USDA mortgage. Importantly, it is available exclusively in rural communities. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans demand no down payment, making homeownership much more accessible in eligible areas.
The advantages of such financing make USDA loans a compelling choice for homebuyers in rural settings, offering favorable terms backed by government assurance. These loans simplify the path to homeownership in countryside locations by removing typical financial barriers associated with traditional loans.
Premier Nationwide Lending, it’s not just our experience that differentiates us from other mortgage companies – it’s our commitment to a quality customer relationship. Our borrowers are the reason we exist, and we are committed to providing a superior lending experience one loan at a time.
"AFC Mortgage Group has been a leading mortgage provider in the tri-state area for over 20 years.
We are a mortgage lender based in Monroe, CT, where your best interest is our priority. From beginning to end, our simplified loan process ensures that you can walk away feeling completely satisfied with your entire experience."
Regina Capital LLC is a private lending firm that provides private mortgages and hard money loans for commercial real estate transactions in New York, New Jersey, Connecticut, and Massachusetts.
At Regina Capital we pride ourselves by doing business with honesty and integrity.
Regina Capital has been in the private lending field since 1999
The Farmers State Bank is a Community Bank for Community People. We offer competitive deposit products for individuals and businesses. Our loan products include loans for the purchase or refinance of your personal residence; ones to purchase the vehicle of your choice; and home equity loans for the improvement of your residence.
Lakeview Federal Credit Union has been open since 1961. The credit union has assets totaling $144.38 Million and provides banking services to more than 9, 000 members.
The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
Founded in 1999, Buckeye Community Bank was created as an independent, locally owned community bank positioned to serve the local business community better than any other bank. Through relationships built with trust and service, we work with our clients to ensure that they can grow.
We are motivated to assist you through the process of obtaining your loan.Whether you are purchasing a home or refinancing your existing home loan, our highly experienced professionals will give you the personal attention you deserve.We are committed to shop through many lenders for the lowest possible rates & best program that fits your situation.
At Ulysse Mortgage, LLC, 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.
First Cahawba Bank provides banking the way it should be. Our number one priority is the hard-working individuals and businesses that are the back bone of our community. Like you, we have watched area banks become part of mega banks. At First Cahawba Bank we make local decisions and offer comprehensive banking services to meet your financial goals.
