USDA Vs. FHA Pro and Con comparison in Richmond, Washington County, RI
In the year 2025, the USDA loan limit set for Richmond, located in Washington county within RI, is $473,800, whereas the FHA limit stands at $661,250 for a single-family home.
The Lendersa® USDA loan calculator is your tool for comparing current USDA versus FHA interest rates. It assists in evaluating the income, credit, reserves, and necessary documents to qualify for a loan. Our advanced mortgage calculator provides a comprehensive view of USDA, FHA, Conforming, and VA options, making it easier to decide which program in aligns with your financial preferences.
2025 Loan Limits and Downpayment Needs in Richmond, Washington, RI
Loan Type
Loan Limit
Down Payment
USDA
$473,800
0%
FHA
$661,250
3.5%
Conventional Conforming
$726,200
3%
Explore USDA and FHA Loan Choices in Richmond, RI
The aim of Lendersa® is to help you secure a USDA or FHA loan swiftly and effortlessly. Begin your journey by selecting one of three pathways that connect you with matching lenders and USDA loan programs.
A USDA home loan, guaranteed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is tailored for rural communities. Unlike FHA mortgages that require a minimum down payment of 3.5%, USDA loans require no down payment, making homeownership more accessible in these areas.
This provides an opportunity to buy a home without the initial financial burden, primarily serving those looking to settle in rural neighborhoods.
Boonville Federal Savings Bank is a full-service, independent bank providing financial products & services of various types. Beginning in 1917, Boonville Federal has provided personal services to the citizens of Warrick County and the surrounding area for 102 years.This bank offers: on-line banking, checking, savings, certificates of deposits etc..
At Newton Federal Bank, we strongly believe that a community bank should provide the resources and transparency needed for any person to prosper. Whether it's the guidance and funding they need to start a new business, a business checking account tailored to the way your company operates, or crash-courses in personal finance.
CUFS was established in 1993 and is currently owned by four Georgia Credit Unions. The Credit Unions created CUFS to provide mortgages for members seeking affordable lending solutions and trustworthy, expert advice. They wanted a mortgage company that had their members best interest in mind
The State Bank of Geneva is committed to being your first choice for financial services. We are locally owned and managed with experienced staff and management who are engaged and focused on excellence. Community banking at SBG means we know all our customers and provide the same products and services as our much larger brethren.
206 1/2 West State Street, Suite 202, Geneva, IL, 60134
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.
First Cosmopolitan has maintained superior service and a commitment to providing competitive mortgage products. We have over 100 years of combined mortgage experience which in conjunction with a state of the art mortgage product portfolio has made us a well known financing option for thousands of homeowners.
Our mission is to serve as our member's primary financial institution by providing competitive products and services with superior customer service and delivering those services utilizing technology by a highly trained and motivated staff. To provide these products and services in a professional, personal and competitive manner.
Since 1954, our Credit Union has been serving its members in and around the Chattanooga area with exceptional financial products and service. We offer our 2, 400 members convenient banking options through online banking, direct deposit, e-statements, and access to more than 30, 000 surcharge-free ATMs across the country.
Chattanooga Area Schools Federal Credit Union has been open since 1935 with assets totaling $176.83 Million and providing banking services to more than 12, 000 members as of March 2022. The credit union is a not-for-profit, member-owned financial cooperative providing services to members in the education community.
