In 2026, the USDA loan limit in Newark, located within Licking county, OH, is set at $351,400. Comparatively, the FHA limit for a single-family home is determined at $488,750.
Engage the Lendersa® USDA loan calculator to compare today's optimal rates between USDA and FHA loans. This tool helps ascertain the required income, credit values, reserves, and essential documents for qualification. By utilizing our advanced mortgage calculator, you can review USDA, FHA, Conforming, and VA loans side by side. This side-by-side comparison aids in selecting the most suitable program catering to your specific financial requirements in .
2026 Loan Limits and Downpayment Requirements in Newark, County of Licking, OH
Loan Category
Maximum Loan
Required Down Payment
USDA
$351,400
0%
FHA
$488,750
3.5%
Conventional Conforming
$726,200
3%
Varieties of USDA and FHA Loan Options in Newark, OH
The primary objective of Lendersa® is to efficiently secure the most advantageous USDA or FHA loan, provided quickly and without complication. You can opt to begin from one of three initiation points, each leading to aligned lenders and suitable USDA loan offerings.
The USDA home loan, backed by the federal Department of Agriculture and often referred to as the USDA rural development loan or USDA mortgage, is exclusively offered in rural neighborhoods. A distinguishing feature of these loans, especially when compared to FHA loans that require a down payment of at least 3.5%, is that USDA mortgages require no down payment, providing increased accessibility for homebuyers in rural areas.
We know what it means to chase a dream with everything you have.
At First Federal Savings, we make sure you start strong with a loan process that’s secure and transparent. We’re dreamers like you—so we’re ready to give you just what you need to focus on what matters most: the future you’re ready to build.
Park National Bank is a family of community banking teams that deliver an exceptional breadth and depth of resources to individuals and businesses, with a hands-on, personalized approach to service and strong local leadership that invests deeply in the places we live and work When you call us, we’ll recognize your voice. When you see us, we’ll be w
At TrueCore Federal Credit Union, our mission is to enrich our community, and we’d love to serve you. We are member-owned, and our not-for-profit structure allows us to return excess earnings to those who bank with us in the form of better rates, lower fees, and more services. Those who reside, work, attend school, worship,
Buckeye Home Lending is a Mortgage Lender in Newark, OH whose goal is to provide mortgage and loan services that alleviate stress and allow our clients to realize their dreams of home ownership. We focus on educating our clients and equipping them to make confident and informed decisions. Contact us today to learn more.
Harvest Federal Credit Union was established in 1970. Our roots are in serving the workers of Licking County. We were founded by local employees of Rockwell International (now known as Arvin-Meritor). Our first office was in the United Auto Workers union hall in an area not more than 5 by 8 square feet (pictured below).
Hopewell Federal Credit Union (HFCU), one of the leading credit unions serving Licking, Delaware and Franklin Counties, is a not-for-profit financial cooperative that is owned by its members. Hopewell provides a full range of financial services including savings and checking accounts, loan products and business accounts.
As a Professional Mortgage Advisor, We will help you achieve the results you desire. Together, you and we will define your needs and formulate a plan for achieving your financial objectives. We pledge that we will work hard to find you the perfect loan to meet your financial goals, and we won’t quit until the job is to your satisfaction.
The Pataskala Banking Company was founded in 1888 by William Henry Mead II and J. S. Youmans as a community bank serving southwest Licking County and it remains one of the few true community banks in central Ohio.
Our first office opened in downtown Pataskala in 1888 and we have maintained a presence in downtown Pataskala
CES Credit Union is a not-for-profit, full-service financial cooperative owned by its members. Originally established in 1952 to serve the employees of Cooper Bessemer, CESCU is now open to everyone who lives, works, worships or attends school in Knox, Licking, Delaware, Richland and Ashland County.
