USDA Vs. FHA your options comparison in Galen, Wayne County, NY
Within Galen in the county of Wayne, NY, the USDA loan limit for 2025 is set at $336,500. Meanwhile, the FHA limit for a single-family home in the same year is $472,030.
Take advantage of the Lendersa® USDA loan calculator to evaluate and compare the top USDA and FHA rates available today. By assessing the necessary income, credit, reserves, and documentation for qualification, our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA loans side by side, guiding you in choosing the program in that best suits your financial situation.
Loan Limits and Down Payment Requirements for 2025 in Galen, County of Wayne, NY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loans in Galen, NY
The mission of Lendersa® is to efficiently secure the most suitable USDA or FHA loan for you without unnecessary complexity. Begin your journey by choosing one of three initial options that connect you with matched lenders and USDA loan programs.
The USDA home loan is a government-backed mortgage by the Department of Agriculture, commonly known as a USDA rural development loan or USDA mortgage, and is exclusively available for rural neighborhoods. Unlike FHA loans which require a minimum down payment of 3.5%, USDA loans require no down payment.
Hibernia Bank is a full-service bank offering a broad range of financial services to meet the needs of customers in the New Orleans Metropolitan Area. Hibernia has remained a local bank serving the local community. The main office is located in downtown New Orleans with additional locations in Old Metairie & Carrolton.
Bank of Louisiana's mission is to provide companies and individuals locally and throughout the United States with banking alternatives which enhance the quality of life by providing the financial resources to address their needs. Bank of Louisiana provides quality services like commercial loans, mortgages and more to the citizens of Pike County.
Our mission is to combine the values of old fashioned Community Banking that focuses on individualized customer service with innovative, competitive banking products, trust and brokerage services that further emphasizes and strengthens our relationship with our customers. Our philosphy is to do everything we can for every client we have.
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