USDA VS FHA in Sheffield-Lake, Lorain County, OH

For 2025, the USDA loan cap in Sheffield-Lake, located in Lorain, OH, is $285,000, whereas the FHA cap for a single-family home is $356,362.

Utilize the Lendersa® USDA loan calculator to compare current USDA and FHA rates. Determine the income, credit, reserves, and documentation required to qualify. Our advanced mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA loans, assisting you in choosing the best option in for your financial scenario.

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Loan limits and down payment requirements for 2025 in Sheffield-Lake, Lorain, OH

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Options for USDA and FHA loans in Sheffield-Lake, OH

Lendersa® aims to quickly and smoothly provide you with the optimal USDA or FHA loan. Choose one of the three paths to connect with lenders and explore USDA loan programs.

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Understanding USDA Loans in OH

A USDA home loan, guaranteed by the Department of Agriculture, is also known as a USDA rural development loan or USDA mortgage, and is available only in rural areas. While FHA loans require a minimum down payment of 3.5%, the USDA mortgage requires none.

Enter your location to find out if it qualifies for USDA rural housing loan?



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