USDA and FHA Pro and Con in Elmira-Heights, Chemung County, NY
In 2026, 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 .
2026 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.
Finger Lakes Health Care Federal Credit Union is a full service, federally insured financial institution serving health care employees and their families in the Elmira-Watkins Glen area. Founded in 1974 FLHC’s main offices are located on the campus of the Arnot Ogden Medical Center in Elmira, NY.
Solutions Credit Union is a member-owned, not for profit financial institution that has served Elmira, Southport, Ashland and the surrounding communities since 1952. Today, with a commitment to serving our members, we have established $36 million dollars in assets as we continue to grow.
CCU was founded in 1936 with the goal of helping Corning Glass Works employees with their financial needs. We started with 42 members and $420 in assets. Over the years, we've opened offices in North Carolina and Pennsylvania, in addition to the 10 offices in the Corning/Elmira, New York area.
Our credit union was founded and chartered for business in 1954 by a group of 10 employees at the Ingersoll-Rand Company. Spearheaded by Harold Davis, the Ingersoll-Rand Union President, this group signed the original paperwork to have our credit union recognized by the National Credit Union Administration (NCUA).
Elmira Savings Bank is a full service community bank headquartered in Elmira, NY. The bank currently has thirteen full-service locations in Chemung, Tompkins, Cayuga & Steuben Counties, as well as one loan center located in Broome County. Elmira Savings Bank strives to provide above-average returns to our shareholders while providing a broad range.
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
9823 Science Center Drive, Painted Post, NY, 14870
Lends in New York
ServU Federal Credit Union is a full service financial alternative to a bank. As a member owned financial cooperative, credit unions are not-for-profit. They function to serve their membership. As a result, credit unions are able to pay back higher dividends on savings and charge lower interest on loans. Money that is made by the credit union
