USDA Vs. FHA Pro and Con comparison in New-Philadelphia, Tuscarawas County, OH

In the year 2025, the USDA loan limit set for New-Philadelphia in the county of Tuscarawas, OH, is at $285,000. On the other hand, the FHA loan limit for a single-family home is $356,362.

Make use of the Lendersa® USDA loan calculator to effectively compare today's best rates between USDA and FHA loans. This comparison helps you determine the necessary income, credit score, reserves, and documents you need to qualify. Our cutting-edge mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, assisting you in deciding which program in suits your financial situation best.

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Loan Limits and Downpayment Requirements for 2025 in New-Philadelphia, County of Tuscarawas, 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 Alternatives in New-Philadelphia, OH

The key objective of Lendersa® is to secure the best possible USDA or FHA loan for you efficiently and without trouble. Select from one of three starting options, each linking you with matching lenders and USDA loan programs tailored to your needs.

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Understanding USDA Loans in OH

The USDA home loan is guaranteed by the Department of Agriculture and known as a USDA rural development loan, or USDA mortgage. These loans are exclusively available in rural neighborhoods. In contrast to FHA loans that require at least a 3.5% down payment, the USDA mortgage does not necessitate a down payment at all. This makes it a compelling choice for those seeking homeownership in eligible rural areas of OH.

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