USDA and FHA Pro and Con in Norfolk, Madison County, NE
For 2026, the USDA loan limit in Norfolk, county of Madison, NE, is set at $336,500. The FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best USDA versus FHA rates available today. Determine the income, credit, reserves, and documents needed for eligibility. Our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA loans side by side, aiding you in picking the optimal program for your financial needs in .
2026 Loan Limits and Downpayment Requirements in Norfolk, County of Madison, NE
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Choices in Norfolk, NE
The goal of Lendersa® is to secure you the best USDA or FHA loan quickly and effortlessly. Choose from one of three starting options to find suitable lenders and USDA loan programs.
The USDA home loan, also known as a USDA rural development loan or USDA mortgage, is government-backed by the Department of Agriculture and available in rural neighborhoods. Unlike FHA loans requiring a minimum down payment of 3.5%, USDA loans need no down payment.
We are a locally owned, full service bank based in Norfolk, Nebraska with locally managed branches across Nebraska and Iowa. We have been serving our communities for over 50 years. BankFirst is the local bank you can trust. With 12 locations spread across Nebraska and Iowa, we are invested in the communities we serve.
Northeast Nebraska Federal Credit Union is a “not for profit” financial institution where you’re an owner. So what does that mean exactly? Simply, profits are not given to stockholders, like a bank. Profits are reinvested into your credit union to lower loan rates, and increase dividends.
Elkhorn Valley Bank & Trust is a full-service bank with 8 locations in Norfolk, Wayne, Pierce & Albion, NE. Each branch is staffed with experienced & knowledgeable personnel. We provide banking, lending, wealth management, & insurance services to our customers. Elkhorn Valley Bank & Trust continues to be the leader in servicing the financial needs.
Battle Creek State Bank prides itself on being an independent, locally owned bank serving the financial needs of Battle Creek and its surrounding area in Northeast Nebraska. We are dedicated to providing professional banking services. We treat people the way we would like to be treated, with complete honesty and confidentiality.
Midwest Bank focuses on the financial and civic needs in the markets we serve. The bank's solid capital position provides the financial strength to support larger lending limits, new loan types, and the latest customer conveniences and technological advances. Midwest Bank and its clients to excel in the communities they serve.
Meadow Grove Federal Credit Union’s mission is to provide the highest level of personal financial services in a friendly, professional manner; to encourage thrift, savings and the wise use of credit; to increase the knowledge and ability of our members to manage and control their financial well-being
"Madison County Bank takes pride in still having the friendly personal touch that has been our hallmark since we began in 1888.
Today, our tellers still know most of their customers on a first name basis, and the bank is stronger and more secure than ever. We pride ourselves on our personalized approach to community banking
First State Bank has been continuously serving the communities of Northeast Nebraska for nearly five generations. Founded in 1887 as The Randolph State Bank, the present-day building stands just one city block from the original site at Broadway and Douglas Street.
Since our beginning we’ve remained a full service, independent community bank.
With a variety of financial services to meet your needs, First Community Bank is certain to have the solution you're looking for. Whether it's a checking account, a car loan, or a place to watch your money grow, our bank is the place for you. Locations in Beemer, Fremont, Bancroft & Homer Nebraska
