USDA Vs. FHA Pro and Con comparison in Olean, Cattaraugus County, NY
In the year 2026, the USDA loan ceiling for Olean, within the county of Cattaraugus, NY, stands at $336,500. Meanwhile, the FHA ceiling for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to evaluate today's top USDA versus FHA rates and understand the income, credit, reserves, and documentation needed for qualification. Our comprehensive mortgage calculator also displays USDA, FHA, Conforming, and VA loans side by side, aiding you in choosing the right program in for your financial needs.
2026 loan limits and down payment requirements in Olean, county of Cattaraugus, NY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA lending options in Olean, NY
The mission of Lendersa® is to deliver optimal USDA or FHA loans promptly and efficiently. Begin with one of three approaches to align with lenders and USDA loan schemes.
A USDA home loan is a government-backed loan by the Department of Agriculture, often referred to as a USDA rural development loan or USDA mortgage, limited to rural districts. USDA loans require no down payment, unlike FHA loans, which mandate a minimum of 3.5%.
Olean Teachers and Postal County Federal Credit Union
1700 Constitution Avenue, Olean, NY, 14760
Lends in New York
The Olean Teachers and Postal Federal Credit Union was chartered in 1952. It is a not-for-profit financial institution owned and controlled by the members and is operated for your benefit through a Board of Directors elected by the members. The Board of Directors is the policy making and the governing body of the Credit Union.
CCSE Federal Credit Union was founded by local teachers in 1977. Initially a teacher’s credit union, we have now expanded to serve everyone who lives or works in Cattaraugus County. CCSE is a full service financial institution. We offer savings and checking accounts, as well as low rates on a variety of lending products.
We're locally owned and operated. So we support our community, including the small businesses here in upstate New York. We offer many different commercial loans, checking and savings accounts to make sure your business has what it needs to succeed. Our commitment is best expressed in the different products and services we offer our customers.
The Alco Federal CU is a local financial institution, existing to provide personal financial services to its members. Like all credit unions, management is by a Board of Directors made up of persons democratically elected from its membership, by the membership. Membership is available to all persons who live, work, worship or attend school.
Tri county Federal Credit is owned by its members and run by a board of directors you elect. You can be confident that your financial privacy is a top priority of this credit union. We are required by law to give you this privacy notice to explain how we collect, use and safeguard your personal financial information.
Allegany First Federal Credit Union has been open since 1977. The credit union has assets totaling $21.28 Million and provides banking services to more than 2, 000 members.
The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
The Griffith Institute Employees Federal Credit Union was established in 1961 by a group of teachers employed by the Griffith Institute Central School District. The Credit Union was created to allow the employees of the school district access to savings and loan accounts. In 2002, GIEFCU’s field of membership was expanded to include employees.
