In 2026, the USDA loan limit in Memphis, located in Shelby county, TN, is $336,500. In contrast, the FHA limit for a single-family home is $472,030.
Use the Lendersa® USDA loan calculator to compare today's top USDA versus FHA rates, figuring out the income, credit, reserves, and documents required for qualification. The advanced mortgage calculator provides a side-by-side view of USDA, FHA, Conforming, and VA loans, helping you determine the best fit for your financial circumstances in .
2026 Loan Limits and Downpayment Details in Memphis, County of Shelby, TN
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 Options in Memphis, TN
Lendersa® aims to efficiently secure for you the best USDA or FHA loan quickly and without hassle. Choose one of three starting pathways that align you with suitable lenders and USDA loan programs.
A USDA home loan, often called a USDA rural development loan or USDA mortgage, is guaranteed by the government Department of Agriculture. These loans are uniquely available in rural areas, requiring no down payment, unlike FHA loans which require at least a 3.5% down payment.
1715 Aaron Brenner Drive, Suite 100, Memphis, TN, 38120
Lends in Tennessee
Financial Federal is locally owned and operated and remains a community bank that specializes in high quality customer service and customized banking solutions. Our board and senior management continue to focus on creating an atmosphere that is appreciated by those who value the confidence that comes from experience
6489 Quail Hollow Rd, Suite 106, Memphis, TN, 38120
Lends in Tennessee
Compare, Offer and Close with CONFIDENCE with The Wendy Thompson Team. Your homebuying journey should start with finding a lender. Mortgages are long-term relationships, and you will want to be confident that your lender offers a strong combination of quality service and competitive pricing.
At i-bank. A bank that is independent minded and not afraid to do things a little differently. A bank focused on customer service and the unique needs of each individual who banks with us. A bank that genuinely cares for our customers and strives to help each of them reach their goals and their own financial independence.
Paragon Bank prides itself on offering superior service based on a combination of banking expertise and local knowledge. A full-service bank with a comprehensive package of banking solutions delivered both in person and online, Paragon bankers provide big bank products and capabilities with community bank personal service.
Spruill Global Funding LLC is dedicated to help business owners find the right loan products for commercial finance, refinancing your existing real estate, purchases, equipment purchasing, merchant cash advances and we offer an array of other products. We service the local Memphis, Cordova, Collierville areas.
We started Local Mortgage to bring something different to the mortgage market. For a while now, customers have had to choose between low rates with technology driven companies, generally sacrificing on service or getting typically higher rates from local loan officers that sometimes offer a higher level of service than their online counterparts.
We are a Lender, not a Broker. All loan decisions and fundings are handled by our in-house staff. By cutting out the middle person, most of the time known as a broker, you get better rates, faster answers, and lower closing costs. We encourage and empower our loan officers to issue “same day” approvals;
Our team continues to service the mortgage needs of clients throughout Memphis and the Mid-South and has become the #1 ranked purchase loan lender in Memphis. As one of the few privately held and locally owned mortgage lenders, all decisions and funding are handled in-house enabling us to provide clients with superior service and lower rates.
L G & W Federal Credit Union is dedicated to serving and supporting the MLGW family with the financial products and services they want and need. Our friendly and knowledgeable staff has just one goal-to serve you! Unlike some larger financial institutions, we see you as a unique person, not just another account number.
