USDA Loan Vs. FHA loan pro & con New-Albany, Franklin County, OH

In 2025, USDA loan limit in New-Albany, county of Franklin, OH is $318,300 while FHA limit is $397,900 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 New-Albany, 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.

(515) 232-5561 Lender's profile and map Reviews First National Bank, Ames, Iowa 405 5th Street, Ames, IA, 50010 First National Bank began as the Ames Savings Bank in 1903, located at 216 Main Street. In 1913, the bank received a National Charter and began its dual operation as Ames National Bank and Ames Trust & Savings Bank. The bank moved into a new home at the southeast corner of Main and Kellogg in 1914.
(800) 574-8123 Lender's profile and map Reviews Vision Bank of Iowa 104 Chestnut, Ames, IA, 50010 VisionBank is dedicated to creating meaningful relationships with customers in each community and helping each community be the best that it can be. The bank offers full service retail, mortgage, consumer, commercial, commercial real estate, and agricultural deposit and lending products and services.
(515) 233-8228 Lender's profile and map Reviews Howell Investment Finance 510 S. 17th St, Suite 101 D, Ames, IA, 50010 Howell Investment Finance will help you navigate the loan process to achieve the most rewarding outcome. To get the best deal on property financing, you need access to a wide variety of mortgages. Howell Investment Finance will connect you with choices such as HUD, Fannie Mae, Freddie Mac, conduit loans, bridge loans, and construction loans.
(800) 296-9064 Lender's profile and map Reviews Greater Iowa Credit Union 801 Lincoln Way, Ames, IA, 50010 GICU is a proud credit union organized differently than banks and other financials. We're not-for-profit, member-owned and return net earnings to our members through higher yields, lower rates and greater overall returns on your hard-earned money.At GICU, about helping our members reach their financial goals and want to see them succeed.
(229) 423-4321 Lender's profile and map Reviews Community Banking Company of Fitzgerald 102 West Roanoke Drive, Fitzgerald, GA, 31750 Community Banking Company of Fitzgerald operates as a bank. The Bank offers personal, business account, checking, savings account, debit card, loans, finance, online banking, and other related banking services. Community Banking Company of Fitzgerald serves customers in the State of Georgia.
(229) 426-6000 Lender's profile and map Reviews Colony Bank 115 S Grant St, Fitzgerald, GA, 31750 Colony Bankcorp, Inc., with assets of $2.4 billion, is the Bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 29 locations throughout Georgia. Colony offers personal and business services, and also has specialty divisions to meet the needs of its customers.
(906) 932-7646 Lender's profile and map Reviews Gogebic Range Bank 155 East Cloverland Drive, Ironwood, MI, 49938 We are a locally owned and operated bank that opened for business on May 20, 2002. Gogebic Range Bank, NMLS #518712, is a full-service bank offering a complete line of deposit and loan products for both consumer and business customers. We currently employ over 30 people with a total banking experience exceeding 350 years.
(660) 593-3313 Lender's profile and map Reviews Home Savings and Loan Association, F.A. 210 E Second Street, Norborne, MO, 64668 Home Savings & Loan Association of Carroll County is a federally chartered savings association that has been serving our community since 1919. We pride ourselves in offering friendly personalized service to our customers. We offer a variety of services including real estate loans, auto loans, certificates of deposit, IRA’s, checking accounts.
(860) 671-8601 Lender's profile and map Reviews Harbour Mortgage Group 163 S. Broad St, Suite 11, Pawcatuck, CT, 06379 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.
(417) 345-2251 Lender's profile and map Reviews O'Bannon Bank 1347 South Ash Street, Buffalo, MO, 65622 O’Bannon Banking Company was incorporated on November 20, 1905 as a Missouri State Bank with a mission of providing banking services with a personal approach to all of our customers, both business and individual. Our mission remains unchanged as we continue to provide "A Tradition of Personal Service” and a wide range of financial products.
(603) 355-4527 Lender's profile and map Reviews Precision Federal Credit Union 7 Optical Avenue, Keene, NH, 03431 FCU was established as a select employee group (SEG) credit union in 1953 to provide financial services to MPB (now known as Timken) employees and their family members. As a not-for-profit institution, all profits earned from operations are returned to members in the form of lower fees, better rates, and more services and dividends.