USDA Vs. FHA your options comparison in Avon-Lake, Lorain County, OH
In 2025, the USDA loan limit in Avon-Lake, located in the county of Lorain, OH, stands at $285,000, whereas for a single-family home, the FHA limit is $356,362.
Utilize the Lendersa® USDA loan calculator to contrast today's leading USDA and FHA rates and explore the necessary income, credit, reserves, and documents for qualification. Our sophisticated mortgage calculator allows you to compare USDA, FHA, Conforming, and VA programs side by side, making it easier to determine the most suitable option for your financial circumstances in .
2025 Loan Limits and Down Payment Requirements in Avon-Lake, County of Lorain, OH
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 Avon-Lake, OH
The aim of Lendersa® is to secure the best USDA or FHA loans for you promptly and efficiently. Choose from one of three options that align lenders with USDA loan offerings.
A USDA home loan, endorsed by the United States Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is exclusively available in rural areas. It doesn't require a down payment, unlike FHA loans which necessitate a minimum down payment of 3.5%.
Our Mission is to become the trusted advisor for families, businesses and the community offering a complete range of financial services. Our tailored customer centric approach enables flexibility and solutions that position our clients for success not only today, but every day in the future.
Educated Mortgage Services is a Mortgage Banker and Broker company licensed in Wisconsin & Illinois with an experienced staff offering expertise in every area of mortgage lending. We offer a full range of mortgage products to offer one stop shopping for all clients. We are dedicated to finding the right loan.
Compeer Financial is a member-owned, Farm Credit cooperative serving and supporting agriculture and rural communities. We provide loans, leases, risk management and other financial services throughout 144 counties in Illinois, Minnesota and Wisconsin. Based in the upper Midwest, Compeer Financial exists.
Credit Union of New Jersey started in 1943 as the credit union for state highway employees offering only loans and savings accounts. Over the years, the credit union has developed into a full service credit union offering financial services from checking to investments and loan solutions from commercial mortgages to personal loans.
Since 1934 we have been a hometown bank with your needs as our number one priority. That is why we offer a wide variety of products and friendly, reliable service-all in three convenient locations. From checking accounts to savings, loans, and investment opportunities, we offer the latest in financial services.
It is our mission to invest in, support and nurture the communities we serve. We will endeavor to be a supportive financial partner and we shall provide a close, personal and confidential relationship for each of our customers consistent with safe banking practices. It is our mission to provide a challenging and rewarding environment for our staff.
Peapack Private, the bank’s wealth management* division, offers comprehensive financial, tax, fiduciary and investment advice and solutions, to individuals, families, privately-held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy.
German American State Bank was chartered on January 21, 1907 and prides itself as being one of the oldest community banks in the state of Illinois. At German American State Bank, our mission is to provide exceptional financial solutions for our customers by providing the highest quality financial products.
In 1917 Leo Harmon who was the President of the Consolidated Lumber Company took the lead for starting up The State Savings Bank, the Articles of Incorporation were filed on May 7, 1917. Shortly after, on June 11TH the bank held its first meeting of shareholders twenty-five of which were local and three from St. Paul.
Manistique Federal Credit Union has been open since 1967. The credit union has assets totaling $37.84 Million and provides banking services to more than 3, 000 members.
The mission of Manistique Federal Credit Union is to make a positive difference in the financial lives of our members from all walks of life by providing them with a wide range
