USDA Loan Vs. FHA loan pro & con for Elyria, Lorain County, OH

In 2025, USDA loan limit in Elyria, county of Lorain, OH is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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USDA and FHA loan options in Elyria, OH

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Ohio?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

(469) 951-5887 990 miles Lender's profile and map Reviews Lending Star Capital, LLC 2701 Custer Parkway, Suite 706, Richardson, TX, 75080 Our team has over 15 years’ professional experience in mortgage and real estate, with extensive product knowledge and client-centered customer service. Our goal is to provide competitive rates, minimum costs, prompt support, and stress-free closing for our clients, making your home loan journey a pleasurable experience!
(972) 661-9988 990 miles Lender's profile and map Reviews Mercantile Morgage Corporation 1401 North Central Expressway, Suite 100, Richardson, TX, 75080 Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
(972) 891-8282 990 miles Lender's profile and map Reviews The Mortgage Broker Group 1401 N Central Expy, Richardson, TX, 75080 The Mortgage Broker group mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
(972) 215-6422 990 miles Lender's profile and map Reviews VERITY MORTGAGE 16970 Dallas Parkway, Suite 401, Dallas, TX, 75080 Verity Mortgage is a member of the Eustis Mortgage Corporation family of companies is setting a high bar for our competition. Over 60 years ago, Eustis Mortgage Corporation opened its doors with a focus on two things that all great organizations have in common. Low staff turnover and a high percentage of repeat customers.
(941) 496-9800 990 miles Lender's profile and map Reviews American Eagle Mortgage Company 767 Shamrock Blvd, Venice, FL, 34293 "AEM was disrupting old school lending with technology years before “fintech” was a term. We’re known by the world’s largest investors for our credit discipline. And as a customer, we’re at your service 24/7. All In like family. Driven like Wall Street. Approachable like Main Street. These are the core values AEM lives by."
(214) 292-6070 990 miles Lender's profile and map Reviews Oz Lending 2805 Dallas Pkwy, Suite 150, Plano, TX, 75093 Whether it’s refinancing, buying a new home, building a home, or applying for home equity loans or second mortgages; we have an experienced, around the clock, qualified team of accessible “Wizards” who are with you every step of the homeownership process. Oz Lending has access to the best loan programs available, FHA, VA, Construction, Jumbo.
(214) 284-0379 990 miles Lender's profile and map Reviews Quick and Closed 3300 N. Dallas Pkwy, Plano, TX, 75093 We are a full service Mortgage Broker offering a wide variety of loan programs. Unlike Banks or traditional mortgage companies who are locked into selling only their products, we work with several lenders and investors to select the right loan for you. Whether you are self-employed and have perfect credit or not so perfect credit we can help.
(214) 529-9622 990 miles Lender's profile and map Reviews Frisco Mortgage Guy 2701 N. Dallas Parkway, Suite 180, Plano, TX, 75093 Frisco Mortgage Guy because he is an integral member of the Frisco community where he lives and works. As a father of four, Geoffrey understands that for most people, their homes are not only their biggest financial investment but also the most important place to shelter and nurture their families.
(972) 256-1141 990 miles Lender's profile and map Reviews USA Refi, Inc. 5940 Brookhaven Drive, Plano, TX, 75093 Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
(214) 880-4894 990 miles Lender's profile and map Reviews BHome Mortgage, LLC 2805 N Dallas Parkway, Suite 120, Plano, TX, 75093 BHome Mortgage is a full-service mortgage banking company committed to developing and nurturing relationships with REALTORS®, home builders and our customers. As a company, our Core Values define what we stand for and represent our commitment to each other and to our customers. These values are reflected in our actions.
(214) 500-5419 990 miles Lender's profile and map Reviews Spragins Mortgage Group. 5408 W Plano Pkwy, Plano, TX, 75093 "Spragins Mortgage Group \| GW Home Loans is a leader in the mortgage industry. We strive to put every client first in helping you with any of your residential home loan needs. We have been in the mortgage industry for over 10 years & with our expertise and we are sure we can find you what you need. Thank you for visiting Spragins Mortgage Grou