USDA VS FHA in Concord, Erie County, NY

In 2025, the USDA loan limit in Concord, within Erie, NY, is $336,500, while the FHA limit for a single-family home is $472,030.

Use Lendersa®’s USDA loan calculator to compare today’s top USDA and FHA rates. Determine the income, credit, reserves, and required documents to qualify. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA loans side by side, helping you choose the most suitable option in for your financial needs.

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2025 Loan Limits and Downpayment Requirements in Concord, Erie, NY

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Options for USDA and FHA Loans in Concord, NY

Lendersa® aims to provide you with the best possible USDA or FHA loan quickly and without hassle. Choose one of three starting paths to connect with matching lenders and USDA programs.

Results of Lendersa USDA loan request

Understanding USDA Loans in NY

A USDA home loan is guaranteed by the Department of Agriculture, known also as a USDA rural development loan or mortgage, exclusively available in rural areas. Unlike FHA loans requiring at least 3.5% down payment, USDA loans typically require none, offering a notable advantage for eligible buyers.

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



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