USDA Loan Vs. FHA loan pro & con Colonie, Albany County, NY

For 2025, the USDA loan limit in Colonie, located in Albany, NY, is $336,500, and the FHA limit for a single-family home is $472,030.

Employ the Lendersa® USDA loan calculator to compare today’s best USDA and FHA rates, evaluating required income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA loans side by side, helping you choose the best option for your financial needs in .

USDA and FHA Loan Options in Colonie, NY

Lendersa® aims to quickly and easily find the best USDA or FHA loan for you. Start by selecting one of three strategies to connect with lenders and explore USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in NY

A USDA home loan, also called a USDA Rural Development Loan or USDA mortgage, is backed by the Department of Agriculture. It is available in rural areas only and requires no down payment, differing from FHA loans that require a minimum of 3.5%.

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(708) 485-2770 Lender's profile and map Reviews Bank of Brookfield 9136 Washington Avenue, Brookfield, IL, 60513 First National Bank of Brookfield, your friendly hometown community bank. For over 30 years, the Village of Brookfield was without a bank. In 1962 a group of ten businessmen founded the First National Bank of Brookfield, located in the Grand Boulevard business district. The bank was established during a period of rapid growth in Brookfield.
(630) 776-2016 Lender's profile and map Reviews Epic Mortgage 3728 Prairie Ave, Brookfield, IL, 60513 Epic Mortgage. Our mortgage broker in Brookfield, IL, can assist with a wide range of mortgage loans. And instead of handing you a one-size-fits-all mortgage loan, we'll actually work with you and your needs to find the best answer for you. Our owner cares deeply about each client he works with and wants to make your experience with us memorable.
(708) 865-5700 Lender's profile and map Reviews Pan American Bank 1440 West North Avenue, Melrose Park, IL, 60160 Pan American Bank & Trust is the premier bank for businesses and communities. We coined a term to reflect the spirit by which we operate: Bizunity™. We provide the personalized, first-name basis service that only comes from an independently owned bank that values Bizunity™. We are a trusted partner through every phase of your business’s life cycle.
(708) 345-3231 Lender's profile and map Reviews Northside L Federal Credit Union 1419 W Roosevelt Road, Broadview, IL, 60155 Northside L Federal Credit Union was originally chartered in 1937 for employees of the CTA. This credit union is one of the oldest CTA credit unions. Membership now includes employees of Metra, Pace and the RTA; family members as well as retired employees are also eligible for membership.
(708) 343-0228 Lender's profile and map Reviews Access Credit Union 1807 W Cermak Road, Broadview, IL, 60155 Access Credit Union has been open since 1998. The credit union has assets totaling $61.42 Million and provides banking services to more than 5,000 members. The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members.
(847) 282-0147 Lender's profile and map Reviews Homz Mortgage 111 Barclay Boulevard, Suite 205, Lincolnshire, IL, 60069 Homz Mortgage LLC serves the residential mortgage needs of individuals for purchases and the refinance of primary, secondary and investment properties. We broker mortgage solutions for single family homes, condos, townhomes and one to four-unit buildings in Illinois and Florida. We believe your mortgage need is more than just a transaction.
(270) 325-3131 Lender's profile and map Reviews Bank of Buffalo 2441 Greensburg Road, Buffalo, KY, 42716 At the Bank of Buffalo, we strive to offer the banking service our customers have come to expect. Most importantly, our experienced staff delivers these services in a friendly, efficient manner The Bank of Buffalo has been serving customers since August 1, 1901. We are known for our family style atmosphere and old fashion customer service.
(708) 430-5000 Lender's profile and map Reviews First Secure Bank and Trust Co. 10360 South Roberts Road, Palos Hills, IL, 60465 First Secure Bank and Trust was founded in Palos Hills, Illinois in 1977 to serve the financial needs of our friends and neighbors. We are still in the neighborhood and continuing with that mission. We are the only “true” locally owned bank in the area. We care about the community because we live here, too.
(414) 761-1000 Lender's profile and map Reviews WaterStone Bank, SSB 11200 West Plank Court, Wauwatosa, WI, 53226 WaterStone Bank, established in 1921, offers a full suite of personal and business banking products. The community bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Country.
(414) 476-6434 Lender's profile and map Reviews The Equitable Bank 2290 North Mayfair Road, Milwaukee, WI, 53226 The Equitable Bank was founded over 85 years ago for the purpose of helping to assure that Milwaukee area families had good, adequate housing. Today, Equitable is one of the largest residential real estate lenders in Milwaukee. The Equitable Bank operates a 6-branch network serving families in the metropolitan Milwaukee area.
(414) 431-3111 Lender's profile and map Reviews U.S. Mortgage Corporation 11040 West Blue Mound Road, Suite 211, Milwaukee, WI, 53226 At U.S. MORTGAGE CORPORATION. We are a full-service mortgage company based in Milwaukee, Wisconsin. We specialize in Conventional, FHA, VA, Jumbo Loans in Milwaukee, Wisconsin. We also serve the surrounding cities in Milwaukee Metro area and the entire State of Wisconsin. Whether you are buying a home or refinancing in the State Of Wisconsin