USDA Vs. FHA your options comparison in Phelps, Ontario County, NY
In the year 2026, USDA establishes the loan limit for Phelps, located in Ontario county, NY, to be $336,500, whereas the corresponding FHA limit for a single-family home is fixed at $472,030.
To compare the current top USDA and FHA rates, you can use the Lendersa® USDA loan calculator, which will also help you assess the required income, credit, reserves, and documentation necessary for eligibility. Our enhanced mortgage calculator allows a side-by-side comparison of USDA, FHA, Conforming, and VA choices, aiding you in deciding which program in aligns best with your financial situation.
Outlined 2026 loan limits and down payment requirements in Phelps, Ontario county, NY
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Explore USDA and FHA loan options in Phelps, NY
Lendersa® is committed to swiftly securing you the most suitable USDA or FHA loan hassle-free. You can choose from one of three initial points that will match you with lenders and USDA loan programs tailored to your needs.
A USDA home loan is backed by the government's Department of Agriculture, widely referred to as the USDA rural development loan or USDA mortgage, available exclusively in rural settings. Unlike FHA loans, which demand a minimum 3.5% down payment, USDA mortgage loans do not require any down payment.
People You Know. Service You Trust. We are dedicated to providing you with loan and deposit products designed with your needs in mind. We're open to the community! If you live, work, worship, volunteer, or attend school in Ontario, Seneca, or Yates County, or if you are a member of an immediate family or household of those within the field of mem
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