USDA and FHA Pro and Con in South-Lockport, Niagara County, NY

In 2025, the USDA loan limit for South-Lockport in Niagara, NY is $285,000, whereas the FHA limit for a single-family home is $356,362.

Use Lendersa® USDA loan calculator to compare the best current rates for USDA and FHA loans, determining the income, credit, reserves, and documentation needed to qualify. Our advanced mortgage calculator shows USDA, FHA, Conforming, and VA loans side by side, helping you choose the most fitting program for your financial situation in Alabama.

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2025 Loan Limits and Down Payment Requirements in South-Lockport, Niagara County, NY

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Explore USDA and FHA Loan Options in South-Lockport, NY

The aim of Lendersa® is to provide you with the optimal USDA or FHA loan quickly and effortlessly. Choose one of three launch points to connect with lenders and explore USDA loan programs suited for you.

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What is the USDA Loan in NY?

A USDA home loan, backed by the government Department of Agriculture, is often referred to as a USDA rural development loan or mortgage and is available strictly in rural areas. Unlike FHA loans needing at least a 3.5% down payment, USDA loans require no down payment.

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



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