USDA VS FHA in Hamburg, Erie County, NY

In 2025, within Hamburg, located in Erie, NY, the USDA loan limit for a single-family home is established at $336,500, while the FHA cap is $472,030.

Utilize the Lendersa® USDA loan calculator to compare the best USDA and FHA rates available today, and determine the income, credit, reserves, and documentation needed for qualification. With our advanced mortgage calculator, you can examine USDA, FHA, Conforming, and VA options side by side, aiding you in selecting the program in that best fits your financial requirements.

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Loan Limits and Down Payment Requirements for 2025 in Hamburg, Erie, NY

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Options in Hamburg, NY

The aim of Lendersa® is to facilitate rapid access to the most suitable USDA or FHA loan without hassle. Choose one of three starting points to connect with lenders and assess USDA loan possibilities.

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What Constitutes a USDA Loan in NY?

The USDA home loan, endorsed by the Department of Agriculture, also known as the USDA rural development loan or USDA mortgage, is available solely in rural locales. Unlike FHA loans requiring a 3.5% down payment, USDA loans necessitate no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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