USDA and FHA Pro and Con in Cheraw, Chesterfield County, SC
For 2026, the USDA loan limit in Cheraw, located in Chesterfield, SC, is set at $336,500. In contrast, the FHA limit for a single-family home is $472,030.
Use the Lendersa® USDA loan calculator to compare the best rates between USDA and FHA loans today, and determine the necessary income, credit, reserves, and documents to qualify. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA loans side by side, aiding your decision on the best program for your financial needs in .
2026 Loan Limits and Downpayment Requirements in Cheraw, Chesterfield, SC
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Cheraw, SC
Lendersa®'s mission is to quickly provide you with the best USDA or FHA loan without hassle. Select one of three starting points that connect you with matching lenders and USDA loan programs.
The USDA home loan, also called a USDA rural development loan or USDA mortgage, is backed by the Department of Agriculture and is exclusively offered in rural areas. Unlike FHA loans requiring at least a 3.5% down payment, USDA loans have no such requirement, making them more accessible.
Dedicated Community Bank will be known as the premier relationship bank in the communities we serve. We will be a highly effective and ethical financial services institution. We will provide our clients, individuals and businesses, with the highest level of quality financial services available.
SPC Credit Union is a full-service, member-owned, not-for-profit financial institution headquartered in Hartsville, South Carolina. We are proud to have served this region for more than 70 years. A firm commitment to our mission of "Compassion. Connection. Community." has led us to be rated.
Pee Dee Federal offers a variety of loan options, including new and used auto loans, personal loans, home equity loans, overdraft protection, revolving lines of credit, secured loans, motorcycles, jet skis, boats, campers. Because each member is unique, we strive to customize each loan to fit your budget by offering affordable monthly payments.
Palmetto First FCU is the longest standing Florence credit union, established in November 1953. The purpose of the Florence ACL Employees Credit Union was twofold: to create thrift through savings of the employee and to provide credit at a minimum rate of interest for members desiring the same.
Nucor Employee's Credit Union was founded in late October 1962. The need for the credit union arose out of the fact that Vulcraft (later named Vulcraft Division of Nucor Corporation) employees needed a reliable, low cost source of borrowing money when they could not pay the difference between the cost of hospital expenses.
Carolina Bank’s branch offices are scattered throughout six counties of northeastern South Carolina. They account for over $460 million in assets and offer a wide range of banking services to meet every personal or business need. Its branch managers and staff, many of who are long serving employees, live in the communities they serve.
C & A Mortgage Services of Florence Inc, in business since 1991, is a true Mortgage Broker firm and gladly accepts that identity because of the large amount of flexibility we are offered by the various national wholesale lenders we choose to do business with. The company is solely owned and operated since it's inception.
