USDA Vs. FHA Pro and Con comparison in Elmira-Heights, Chemung County, NY
In 2025, the USDA loan limit for Elmira-Heights in Chemung county, NY is $285,000. Meanwhile, the FHA loan limit for a single-family home is set at $356,362.
With the Lendersa® USDA loan calculator, you can compare today’s most competitive rates between USDA and FHA loans. Discover the income, credit, reserves, and documentation required for qualification. Our advanced mortgage calculator places USDA, FHA, Conforming, and VA options side by side, guiding you to choose the best program suitable for your personal financial needs in .
2025 Loan Limits and Down Payment Requirements in Elmira-Heights, Chemung, NY
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 Elmira-Heights, NY
At Lendersa®, our objective is to help you secure the best USDA or FHA loan swiftly and without unnecessary stress. Begin with one of three steps that will match you with lenders and USDA loan programs.
The USDA home loan, also known as a USDA rural development loan or USDA mortgage, is guaranteed by the government’s Department of Agriculture. It is specifically offered in rural areas. FHA loans require at least a 3.5% down payment, whereas USDA loans do not require any down payment, enhancing their attractiveness for eligible borrowers.
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