USDA Vs. FHA Pro and Con comparison in Ilion, Herkimer County, NY
In 2025, within the county of Herkimer, NY, the USDA loan maximum for Ilion is set at $336,500, whereas the FHA loan limit for a standard single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to contrast today's leading USDA and FHA rates, identifying the income, credit score, reserves, and documentation needed for qualification. Our advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA rates side-by-side, aiding in the selection of the best program for your precise financial needs in .
2025 Lending Limits & Down Payment Details in Ilion, Herkimer county, NY
Type of Loan
Cap Amount
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Loan Alternatives: USDA & FHA in Ilion, NY
The aim of Lendersa® is to efficiently guide you towards the most favorable USDA or FHA loan. Initiate with any of the three steps below, leading you to matching lenders and USDA loan alternatives.
A USDA home loan, also called a USDA rural development loan or USDA mortgage, is provided by the U.S. Department of Agriculture and is offered exclusively in rural areas. Conversely, while FHA loans necessitate a minimum down payment of 3.5%, USDA mortgages do not require any down payment.
At Bank of Franklin County, we’re committed to serving the needs of the residents and businesses of this community.As part of this commitment, Bank of Franklin County operates five convenient locations, a mortgage subsidiary, Franklin Mortgage Company, and an investment management subsidiary.
1381 High Street, Suite 107, Washington, MO, 63090
Franklin Mortgage Company proudly serves Franklin and St. Charles counties, working to provide home loans with competitive interest rates and low closing costs. Our experienced mortgage professionals are committed to top-notch customer service that is honest and fair. We’re proud to serve repeat customers throughout the years.
The Iowa State Bank website. Here at Iowa State Bank we pride ourselves on providing that small community bank atmosphere with large bank products and services. We are locally owned and operated and committed to serving all your financial needs. and also Iowa State Bank and its employees are willing to work for you, and with you.
First State Bank and Trust is a community owned bank that has been serving the Saint Croix Valley since 1914. With four locations in Minnesota - Bayport, Stillwater, Oak Park Heights,and Boutwells Landing - and another one in Hudson, WI, First State Bank and Trust is a full service bank that can assist in all aspects of your financial portfolio.
Our mission is to protect customer deposits through safe and sound operations of the bank, to be leaders in supporting our community while providing an above average return on our stockholders' investments and providing our employees with an excellent opportunity for growth and advancement.
We want to show you just how pleasant your banking experience can be when you make State Bank of Toledo your financial services choice. Our HOMETOWN focus ensures our customers always come first.
We have the largest deposit market share in Tama County, Iowa, making us the largest and most successful bank in our trade area.
Valley Credit Union was originally chartered as Sheffield-Tuscumbia Credit Union. On January 19, 1956, eight employees of Sheffield and Tuscumbia Board of Education petitioned the state of Alabama for a charter to provide their employees with a convenient way to save and borrow. Today Valley has grown from 22 members in their first month.
Marshland Credit Union consistently serves its members with the high-quality and professional service they look for in a financial institution. Marshland Credit Union is a not-for-profit organization. This means that any profits made by the credit union are returned to the member in the form of lower rates on loans
veterans, Loan Velocity is a team of mortgage professionals with over one hundred years of combined experience. By integrating the ideals and principles from our military experiences, we strive to always give our clients our detailed attention while completing the mission at hand. Here at Loan Velocity, we believe that honesty and integrity
The Missouri Bank is an independently-owned and operated community bank primarily serving Warren, St. Charles, Pettis, Boone and Gasconade counties. Established in 1939, it is the oldest bank in Warrenton. We’ve been an industry leader in community banking since our inception, providing the latest in financial technologies to meet the needs.
