In the year 2026, within Covington in the county of Tipton, TN, the USDA loan limit is established at $336,500. Meanwhile, the FHA limit for a single-family home stands at $472,030.
Utilize the Lendersa® USDA loan calculator to assess today's prime USDA versus FHA rate offerings. Determine the required income, credit reserves, and documents needed for qualification. With our advanced mortgage calculator, view USDA, FHA, Conforming, and VA options side by side, helping you select the most suitable program for your financial needs in .
2026 Loan Limits and Down Payment Requirements in Covington, Tipton, TN
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Opportunities in Covington, TN
Lendersa® aims to quickly provide you with the best available USDA or FHA loan. Choose from three starting points to connect with matching lenders and USDA loan programs.
A USDA home loan is a government-backed mortgage offered by the Department of Agriculture, also known as a USDA rural development loan, available in rural areas. Unlike FHA loans that require at least a 3.5% down payment, USDA mortgages require no down payment, offering significant savings to eligible borrowers.
Brighton Bank is proud to be the oldest community bank serving Tipton County. Our rich history and commitment to the community allow us to provide friendly customer service and modern banking amenities to all our customers throughout West Tennessee. Chartered under the laws of the state of Tennessee on October 10, 1910
13690 Highway 51 South, Suite 107, Atoka, TN, 38004
Lends in Tennessee
The West Tennessee Credit Union is a Not-for-Profit Mutual Benefit Financial Cooperative serving its members who share a common bond with high quality, friendly, fair, and courteous services while maintaining long-term financial stability and safeguarding the members' assets. We've proudly been serving members' needs since 1967!
The Bank of Ripley is committed to being a friendly, locally owned community bank that consistently and profitably delivers high quality personal service and financial products to meet the needs of, and be recognized as a leader by, the communities we serve for the benefit of those who make our existence possible
We are passionate about giving our customers and the communities we serve, an experience that is Unbelievably Good. Member FDIC. Equal Housing Lender
First Citizens National Bank operates from 25 locations in the state of Tennessee. Established in 1889 in Dyer County, the bank serves markets throughout eleven Tennessee counties.
Patriot Bank is a full-service bank with a focus on community service. The bank serves the growing markets of Shelby County, Tipton County and Fayette County with a wide range of consumer and commercial accounts and a mortgage division. Patriot Bank opened in Millington in October 2001 and has grown to eight full service banks in Arlington
We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention. Patriot Bank Mortgage offers mortgages in Memphis, Shelby, Tipton and Fayette County markets. We also serve the surrounding areas.
At Bank of Halls, our highest priority is the health of our customers, employees, and communities. While we know there are rising concerns surrounding COVID-19, we are monitoring the situation closely with local healthcare experts, the Centers for Disease Control and Prevention (“CDC”), World Health Organization (“WHO”), and Tennessee Bankers.
Our mission is to financially counsel and serve members of the health care community with a full range of quality financial services which are competitive, and promote the financial well-being of our membership and the overall safety and soundness of our organization. HealthNet Federal Credit Union was founded in 1955 to serve the financial needs.
First South Financial Credit Union is a member-owned, federally insured financial institution serving over 64, 000 members throughout the world. Recognized as a leader in strength, stability and service, we are ranked among the top 1% of financial institutions in the entire country by independent rating organizations.
