USDA VS FHA in Horseheads, Chemung County, NY

In 2026, the USDA loan limit in Horseheads, situated in the county of Chemung, NY, is $336,500. Meanwhile, the FHA limit for a single-family home is $472,030.

Employ the Lendersa® USDA loan calculator to compare today's top USDA versus FHA rates, and identify the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA loans side by side, facilitating your decision about which program in is most suitable for your financial situation.

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2026 Loan Limits and Down Payment Requirements in Horseheads, Chemung, 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 Opportunities in Horseheads, NY

The mission of Lendersa® is to provide you with the best possible USDA or FHA loan swiftly and effortlessly. Choose one of three starting options, aligning you with matching lenders and USDA loan programs.

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Understanding USDA Loans in NY

USDA home loans are loans backed by the government Department of Agriculture, also known as USDA rural development loans or USDA mortgages, and they are only available in rural neighborhoods. In contrast to FHA loans requiring a minimum 3.5% down payment, USDA loans need no down payment at all.

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



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