USDA Loan Vs. FHA loan for Milford, NY 2025

In 2025, the USDA loan cap for Milford, situated in Otsego county, NY, is $336,500. In contrast, the FHA limit for a single-family home is $472,030.

Employ the Lendersa® USDA loan calculator to evaluate the current top USDA against FHA rates and understand the necessary income, credit, reserves, and documents needed for qualification. With our advanced mortgage tool, you can compare USDA, FHA, Conforming, and VA options side by side, aiding your decision on the right program in for your financial needs.

Exploring USDA and FHA Loan Choices in Milford, NY

Lendersa® aims to swiftly provide you with the most suitable USDA or FHA loans without inconvenience. Select from one of three starting paths that lead to a matchup with lenders and the USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in NY

The USDA home loan, backed by the Department of Agriculture, also known as the USDA rural development loan or mortgage, is only available in rural areas. Unlike FHA loans that require at least a 3.5% down payment, the USDA loan requires none.

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(480) 734-0428 Lender's profile and map Reviews Flagstar Bank 301 West Michigan Avenue, Suite 4-501, Jackson, MI, 49201 At Flagstar, we believe in the Human Interest Rate. It’s not the interest rate other banks talk about, but we do. We have genuine interest in helping our customers achieve their financial goals and bringing solutions within reach. While you’re here, please reach out to us any time.
(740) 947-2136 Lender's profile and map Reviews The First National Bank of Waverly 107 North Market Street, Waverly, OH, 45690 First National Bank is committed to its customers. For over 150 years our doors have been open, and we strive to serve our customers to best meet their individual financial needs, not only because they're our customers, but also our friends and neighbors. We take pride in being on a first name basis with our customers.
(989) 734-4734 Lender's profile and map Reviews Huron National Bank 200 East Erie, Rogers City, MI, 49779 Huron National Bancorp, Inc, a bank holding company, provides a broad range of banking services to businesses and individuals in the Presque Isle County area. Its sole subsidiary, Huron State Bank, was founded on May 12, 1980. HNB is independently owned and is managed by experienced professionals with strong ties to the area.
(989) 734-4130 Lender's profile and map Reviews Calcite Credit Union 478 N. Third St., Rogers City, MI, 49779 At Calcite Credit Union, our goal is to offer our members caring, truthful service, along with affordable financial products. Serving all those who live, work, worship, attend school, or have family in Presque Isle, Cheboygan, Alpena, & Emmet Counties! We provide members caring, truthful service, along with affordable financial products.
(517) 787-2220 Lender's profile and map Reviews South Central Credit Union 958 W Monroe Street, Jackson, MI, 49202 South Central Credit Union was organized as Tri-County State Employees Credit Union on June 16, 1954. At that time it was housed in the accounting department of the prison. In 1986 the name was changed to South Central State Employees Credit Union, when Tri-County merged with Sparton Employees Credit Union.
(517) 787-2220 Lender's profile and map Reviews TRUE Community Credit Union 1100 Clinton Road, Jackson, MI, 49202 At TRUE to our members, TRUE to our communities, and TRUE to our team. All are invited to join TRUE Community, and we proudly serve anyone who lives, learns, works, or worships across the State of Michigan. We work hard to create and protect an inclusive environment where differences are celebrated
(517) 676-3661 Lender's profile and map Reviews Dart Bank 368 S. Park Street, Mason, MI, 48854 Our primary purposes are to meet the financial needs of our banking communities, protect and increase the value of stockholders' investments, and serve the community in financial and non-financial ways. Our bank acknowledges the interdependence of all mankind in the world and reaches out beyond local areas in times of need.
(419) 446-2501 Lender's profile and map Reviews Farmers & Merchants State Bank OH 307 N Defiance St, Archbold, OH, 43502 Founded in 1897 in Archbold, Ohio, Farmers & Merchants State Bank has been a stable financial institution for our communities. F&M is committed to ensure that communuity banking continues to grow and prosper by providing quality customer service and supplying the financial needs to individuals, farmers, businesses and industries in our market.
(800) 837-8111 Lender's profile and map Reviews The Union Bank Co. 105 Progressive Drive, Columbus Grove, OH, 45830 The Union Bank Company has been committed to providing the very best banking products and services to the communities and businesses it serves throughout Northwest and Central Ohio. Headquartered in Columbus Grove, the bank has grown to include offices in Bowling Green, Columbus Grove, Delphos, Findlay, Gahanna, Gibsonburg, Kalida, Leipsic, Lewis C
(304) 528-2400 Lender's profile and map Reviews Huntingtonized Federal Credit Union 481 8th Avenue West, Huntington, WV, 25701 Huntingtonized Federal Credit Union has been open since 1939. It's the 24th largest credit union in West Virginia with assets totaling $43.09 Million and providing banking services to more than 5, 000 members as of March 2022. The credit union is a community-based financial institution.