During 2026, the USDA loan limit in West-Elmira, within Chemung, NY, is $285,000, while the FHA cap for a single-family home is $356,362.
Utilize the Lendersa® USDA loan calculator to evaluate today's top USDA versus FHA rates and to ascertain the income, credit, reserves, and documents necessary for qualification. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA loans side by side, assisting you in determining which program in best aligns with your financial requirements.
2026 Loan Limits and Down Payment Specifications in West-Elmira, Chemung, NY
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in West-Elmira, NY
The mission of Lendersa® is to efficiently secure you the optimal USDA or FHA loan without unnecessary complexity. Choose one of three initial pathways to connect with lenders and discover USDA loan programs.
A USDA home loan, guaranteed by the U.S. Department of Agriculture, also known as a USDA mortgage or rural development loan, is an option available in exclusively rural areas. While FHA loans require a minimum down payment of 3.5%, USDA loans require no down payment at all.
Finger Lakes Health Care Federal Credit Union is a full service, federally insured financial institution serving health care employees and their families in the Elmira-Watkins Glen area. Founded in 1974 FLHC’s main offices are located on the campus of the Arnot Ogden Medical Center in Elmira, NY.
Solutions Credit Union is a member-owned, not for profit financial institution that has served Elmira, Southport, Ashland and the surrounding communities since 1952. Today, with a commitment to serving our members, we have established $36 million dollars in assets as we continue to grow.
Elmira Savings Bank is a full service community bank headquartered in Elmira, NY. The bank currently has thirteen full-service locations in Chemung, Tompkins, Cayuga & Steuben Counties, as well as one loan center located in Broome County. Elmira Savings Bank strives to provide above-average returns to our shareholders while providing a broad range.
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
CCU was founded in 1936 with the goal of helping Corning Glass Works employees with their financial needs. We started with 42 members and $420 in assets. Over the years, we've opened offices in North Carolina and Pennsylvania, in addition to the 10 offices in the Corning/Elmira, New York area.
Our credit union was founded and chartered for business in 1954 by a group of 10 employees at the Ingersoll-Rand Company. Spearheaded by Harold Davis, the Ingersoll-Rand Union President, this group signed the original paperwork to have our credit union recognized by the National Credit Union Administration (NCUA).
9823 Science Center Drive, Painted Post, NY, 14870
Lends in New York
ServU Federal Credit Union is a full service financial alternative to a bank. As a member owned financial cooperative, credit unions are not-for-profit. They function to serve their membership. As a result, credit unions are able to pay back higher dividends on savings and charge lower interest on loans. Money that is made by the credit union
