USDA Vs. FHA Pro and Con comparison in Elmont, Nassau County, NY
In 2025, within the county of Nassau in Elmont, NY, the USDA loan limit is set at $0, while the FHA limit applicable for a single-family home is $1,089,300.
Leverage the Lendersa® USDA loan calculator to assess today’s top USDA and FHA rates. This evaluation will help establish the necessary income, credit, reserves, and documentation required for qualification. Our advanced mortgage calculator lays out USDA, FHA, Conforming, and VA loans side by side, guiding you to select the program most suitable for your financial circumstances in .
2025 Loan Limits and Down Payment Requirements in Elmont, County of Nassau, NY
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$1,089,300
3.5%
Conventional Conforming
$1,089,300
3%
Options for USDA and FHA Loans in Elmont, NY
The mission of Lendersa® is to facilitate a hassle-free process in obtaining the optimal USDA or FHA loan quickly. Choose one of the three starting pathways that lead to matching lenders and USDA loan programs.
A USDA home loan is backed by the U.S. government through the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, accessible only in rural areas. In contrast to FHA loans, which require at least a 3.5% down payment, the USDA mortgage necessitates no down payment, providing a significant advantage for eligible applicants.
Teachers Credit Union is a not-for-profit member owned organization. Our goal is to provide the best possible financial services to our members at competitive rates and to maintain the credit union’s long-term financial stability. Teachers Credit Union has been open since 1934. The credit union has assets totaling $30.71 Million.
First National Bank and Trust Company is a family-focused, community bank headquartered in Beloit, Wisconsin. Chartered in 1882, First National Bank and Trust has grown to be a leading financial services institution offering products and services for consumers and businesses, as well as trust, retirement services
Blackhawk Bank is a leading community bank serving clients in northern Illinois and southern Wisconsin. Eight full service banking centers are located along the corridor that stretches from Beloit, Wisconsin to Belvidere, Illinois.
Experience a relaxed atmosphere where highly respected.
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Peoples Bank & Trust wasn't a bank started by one individual.
It’s a bank that began among many working to address the needs of their community, Pana, IL in the 1950s. The problem was that many Pana- area residents weren’t able to secure loans through the banks in town.
A group of forward-thinking community leaders recognized this issue
First Community Bank, Xenia-Flora is a community bank operating in Central Illinois serving Xenia-Flora and surrounding communities. We take pride in giving friendly, efficient, and personal service. Decisions about our policies and customers needs are made by people living in your own community.
Decatur Postal Credit Union began in 1928. At that time, it was for postal employees only. In 1949 the board of directors decided to open our field of membership to include postal employees, spouses and immediate family members. This holds true to this day. The Credit Union is located in the downtown post office in the main lobby.
Hickory Point Bank is proud to call Central Illinois home. It’s that pride that shapes us and influences the way we interact with our customers and our communities. What affects you, affects us, and that includes everything from the economy to the weather to the results of last night’s games.
Illinois Valley Credit Union, located at 1311 Shooting Park Road in Peru and 200 Ave Road in Princeton, Illinois is a financial cooperative that offers its members a non-profit alternative to banks, savings and loans and other organizations. Originally serving one employer group, Marquette Cement Manufacturing Co
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