USDA Loan Vs. FHA loan pro & con Mentor, Lake County, OH

In 2025, the USDA loan ceiling for Mentor in the county of Lake, located in OH, is set at $336,500, whereas the FHA limit for single-family residences rests at $472,030.

Utilize the Lendersa® USDA loan calculator to evaluate and juxtapose today's optimal rates between USDA and FHA loans. It allows you to ascertain the necessary income, credit levels, reserves, and required documentation to qualify. Experience our state-of-the-art mortgage calculator, which lets you view USDA, FHA, Conforming, and VA options side by side. This comparison aids in choosing the ideal program in that aligns best with your distinct financial circumstances.

Options for USDA and FHA Loans in Mentor, OH

The aspiration of Lendersa® is to seamlessly secure for you the utmost advantageous USDA or FHA loans. This service is designed to eliminate stress and ensure swift processing. Begin by selecting one of three possible starting points that align you with matching lenders and relevant USDA loan programs.

Lendersa USDA loan request and precise matching results

Understanding USDA Loans in OH

A USDA home loan is supported and guaranteed by the Department of Agriculture, commonly referred to as a USDA rural development loan or USDA mortgage. It is exclusively available in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, a USDA mortgage does not necessitate any down payment. This uniquely positions it as an attractive financial product for eligible borrowers seeking to benefit from government-backed financial solutions tailored specifically for rural neighborhood development.

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(423) 638-7811 Lender's profile and map Reviews Southern Finance Co 1200 Snapps Ferry Road, Greeneville, TN, 37745 Southern Finance has been providing financial services to consumers in East Tennessee and Southwest Virginia since 1955. Southern Finance is a consumer finance company with four convenient locations to serve you. We've added technology that makes loan approvals faster and easier. We've opened new locations to make it easier for you to do business.
551 655 4122 Lender's profile and map Reviews RCA Capital 550 Kinderkamack Rd, Suite1, Oradell, NJ, 07649 RCA Capital is a direct, private lender, and Capital Advisory Company. Our team uses a common-sense approach to lending to provide 24-hour approval turn times. Our in-house underwriting allows us to expeditiously bring you to the closing table. Our asset-based mortgage programs are specifically designed for independent real estate investors and se
(845) 463-3011 Lender's profile and map Reviews Hudson Valley Credit Union PO Box 1071, Poughkeepsie, NY, 12602 Today, Hudson Valley Credit Union is a full service not-for-profit financial cooperative, 300, 000+ members strong. We extend membership to our neighbors who live, work, worship, volunteer or attend school in Albany, Columbia, Dutchess, Greene, Orange, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Ulster, or Westchester Counties.
(920) 864-7901 Lender's profile and map Reviews GreenLeaf Bank 1608 Day Street, Greenleaf, WI, 54126 GreenLeaf Bank has been serving Northeast Wisconsin since 1911 and we are devoted to the success of residents and companies located here. Our employees are also part of the community, so we are committed to supporting area schools, churches, agriculture and businesses. We focus on the needs of local families, businesses and farmers.
9296882696 Lender's profile and map Reviews Salman Capital Funding 35 journal Sq, Jersey City, NJ, 07306 Salman Capital is a family-owned In-house direct lender that provides financing for real estate investors nationally. With our own discretionary capital, we provide Bridge 12-24 month term IO financing for acquiring and stabilizing a property. We also provide asset-based DSCR financing for traditional and short term rental properties.
(201) 216-6094 Lender's profile and map Reviews Path Federal CU 1 Path Plaza, Jersey City, NJ, 07306 We're here to help PATH employees and family. We offer trusted advice and better value than banks on the financial services people use every day. PATH Federal Credit Union has been open since 1952. The credit union has assets totaling $12.78 Million and provides banking services to more than 1, 000 members.
(201) 659-3900 Lender's profile and map Reviews Liberty Savings Federal Credit Union 666 Newark Ave, Jersey City, NJ, 07306 "Liberty Savings Federal Credit Union boasts nearly $115 million in assets with over 22, 000 members. Our Mission: Provide quality, convenient financial services to a diverse membership for the economic well-being of the individual and our communities. As the credit union grew stronger,"
(201) 360-0634 Lender's profile and map Reviews Lightning Mortgage Inc 591 Summit Avenue, Suite 517, Jersey City, NJ, 07306 We pride ourselves on exceeding our customer's expectations in finding the best rates, service, and options for a home loan that's right for you. Lightning Mortgage has been in business since 2008 and built a reputation for quality and efficiency among our clients and lenders. The relationship with our lenders, combined with our low overhead,
(201) 862-8260 Lender's profile and map Reviews Bogota Savings Bank 60 East Main St, Bogota, NJ, 07603 Bogota Savings Bank has been a financial cornerstone in the foundation of two New Jersey communities, Bogota and Teaneck for 125 years and now have expanded our footprint into many other New Jersey towns. We are an established community bank offering traditional deposit programs such as savings, checking and certificate of deposits.
(815) 844-6155 Lender's profile and map Reviews Bank of Pontiac 300 West Washington Street, Pontiac, IL, 61764 Bank of Pontiac opened its doors for business in 1947. Since then, we’ve been providing financial solutions for the people of Livingston County, Grundy County, Tazewell County, McLean County and their surrounding communities. We are a strong community bank offering a variety of financial services to both individuals and businesses.
(815) 844-4433 Lender's profile and map Reviews State Bank of Graymont 1100 W. Howard Street, Pontiac, IL, 61764 The State Bank of Graymont was founded in 1913. Organizers for the State Bank of Graymont were headed by a Pontiac banker from the old National Bank of Pontiac. Other younger officers from the National Bank of Pontiac were also involved. Plus, there were other investors from the Pontiac area along with several investors from the Graymont area.
(201) 595-0306 Lender's profile and map Reviews Heritage Financial Corporation 3478 Kennedy Blvd, Jersey City, NJ, 07307 Heritage Financial Corp. has helped hundreds of families achieve their dreams of homeownership. Our team lives in the same communities we serve, understanding the in-depth challenges faced by families and individuals. From residential to commercial financing our team has the experience and expertise to be true partners to our clients.