USDA and FHA Pro and Con in Elmira, Chemung County, NY
In 2026, the USDA loan limit for a single-family home in Elmira, positioned in Chemung, NY, is $336,500. Meanwhile, the FHA limit for a comparable property is $472,030.
Utilize the Lendersa® USDA loan calculator to assess today’s top rates between USDA and FHA loans, and determine the income, credit, reserves, and documentation needed to qualify. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA options side by side, assisting in selecting the best program for your financial situation in Alabama.
Loan Limits and Down Payment Requirements for 2026 in Elmira, Chemung, NY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Diverse USDA and FHA Loan Options in Elmira, NY
The mission of Lendersa® is to facilitate you in securing the best USDA or FHA loans swiftly and with minimal effort. Choose from three unique pathways to connect with lenders and explore USDA loan programs.
A USDA home loan is backed by the Department of Agriculture, commonly referred to as the USDA rural development loan or USDA mortgage, intended for use in rural communities only. Unlike FHA loans which require a minimum 3.5% down payment, the USDA mortgage requires no down payment at all.
8115 Maple Lawn Blvd, Suite 350, Fulton, MD, 20759
Imperium Mortgage We are a people-centric organization that not only seeks to minimize the impact of our business on the environment but also shares concerns that will be confronted by future generations. You do not normally expect to hear this from a mortgage company, but the fact is, we finance people’s future.
8115 Maple Lawn Blvd, Suite 350, Fulton, MD, 20759
Access Financial Mortgage Corp., 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.
At Capital Finance Mortgage, we are a residential mortgage lender that believes your home is your most important investment, and when it comes to your mortgage, you deserve expert advice. We believe in using our experience to educate our clients, and in helping you find the right loan for your family, and for your goals.
6 Montgomery Village Avenue, Suite 270, Gaithersburg, MD, 20879
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Founded in 1940 as the Pan American World Airways Credit Union, PAFCU currently serves 40, 000 employees of over 400 different companies throughout the United States. At PAFCU, there are no customers—everyone is a member and owner of the credit union and receives friendly, respectful service from the staff
250 Veterans Memorial Highway, Suite 5A9, Hauppauge, NY, 11788
The Long Island Alliance Federal Credit Union has been in existence since 1938. We started out as the New York Highway Engineers Federal Credit Union and in the early sixties expanded our field of membership to include all New York State Employees who live and work on Long Island.
527 Townline Road, Suite 305, Hauppauge, NY, 11788
Lighthouse Mortgage Founder/President. Brokered in excess of $600 million in real estate loans, commercial and residential. Hired and trained a staff of 20 sales people and 5 support staff. Developed program to expedite loan process from initial borrower contact through appraisal, underwriting and closing ensuring quick turnaround time.
Island Federal Credit Union, headquartered in Hauppauge, N.Y., is a not-for-profit, full-service financial institution, providing affordable banking products and services to Long Islanders. Founded in 1955, Island has grown to be among the top-performing credit unions in New York State with over $1 billion in assets, serving more than 45, 000
