USDA Vs. FHA Pro and Con comparison in Lyman, Spartanburg County, SC

For the year 2025, the USDA loan limit in Lyman, located in the county of Spartanburg, SC, is set at $336,500. Meanwhile, for FHA loans concerning single-family homes, the limit is $472,030.

Try out the Lendersa® USDA loan calculator to contrast today's top USDA and FHA rates. You can identify the income, credit, reserves, and documentation you need to qualify. Through our advanced mortgage calculator, compare USDA, FHA, Conforming, and VA options side-by-side to decide on the most suitable program for you in .

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Comprehending 2025 Loan Limits and Down Payments in Lyman, Spartanburg county, SC

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Solutions in Lyman, SC

Lendersa® is dedicated to securing you the optimal USDA or FHA loan expediently and effortlessly. Choose a starting point from three different options that culminate in lender matching and USDA loan programs.

See Lendersa USDA loan request matching outcomes

Understanding USDA Loans in SC

The USDA home loan is a government-backed option offered by the Department of Agriculture, also known as the USDA rural development loan or USDA mortgage, exclusively available in rural areas. Unlike FHA loans, which necessitate a minimum down payment of 3.5%, the USDA mortgage requires no down payment whatsoever.

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



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