USDA and FHA Pro and Con in Richmond, Washington County, RI
In the year 2026, 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.
2026 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.
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.
Washington Trust Mortgage Company LLC originates residential real estate mortgage loans, including construction, purchase and refinancing, through its offices in Massachusetts, Connecticut and Rhode Island. Our team of experienced mortgage professionals is dedicated to providing customized.
"Started in 1948, Westerly Community Credit Union (WCCU) has grown to a $257 million financial institution with over 18,250 members. Our members are served by 65 employees via 4 branches in RI; 2 in Westerly, 1 in Richmond, and 1 in South Kingstown.
Recently, the WCCU was awarded 'Best Places to Work 2018' by the Providence Business News"
Milestone Mortgage Solutions offers borrowers a full spectrum of integrated loan processing, underwriting and direct lending services -- all under one roof. The result? Fast processing of residential mortgage applications, and a better overall experience for you! We offer conventional purchase and refinance home loans, VA, FHA, USDA-RD
629 Boston Neck Rd, Unit C2, North Kingstown, RI, 02852
Lends in Rhode Island
A lifetime Rhode Islander with 19 years experience in the Greater Rhode Island Real Estate marketplace, the last 16 as the principle broker/owner of Greater RI Properties, LLC. A varied background including a BS in accounting and twenty plus years self employed in manufacturing lends a diverse perspective to all phases of real estate.
Peoples Home Loans, prides itself on it's outstanding mortgage origination service serving the needs of Real Estate Professionals, Real Estate Investors, Individual Home Buyers, Homeowners, CPAs and Financial Planners. With a full gamut of mortgage programs and products, we are dedicated to offering the best-fit mortgage to our perspective clients.
JVC offers a myriad of diverse commercial loan programs to commercial borrowers secured by any worthwhile commercial real estate. Joint Venture Capital , LLC was established in February 2008 during and as a response to one of the worst Finance Meltdowns in US History! No one offers a more diverse array of finance options or works harder than JVC
Back Bay Mortgage Brokers is committed to providing our clients with the highest quality service while securing the best possible loan options available. Our expert mortgage professionals have over 20 years of mortgage lending and brokerage experience. We will work with you one on one to ensure that you get the right mortgage.
