USDA Loan Vs. FHA loan pro & con Somerville, Fayette County, TN

In 2025, USDA loan limit in Somerville, county of Fayette, TN is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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USDA and FHA loan options in Somerville, TN

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Tennessee?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

(770) 554-2265 Lender's profile and map Reviews Legacy State Bank 3825 Harrison Road, Loganville, GA, 30052 We offer some of the best deposit and loan products anywhere around and we remain very competitive on rates for both loans and deposits! While we are a community bank, we can offer many of the services offered by the big banks including internet banking, mobile banking, remote deposit capture, mortgages, etc.
(678) 615-7481 Lender's profile and map Reviews Simplifi Lending LLC 698 Deer Springs Way, Loganville, GA, 30052 Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice
(678) 957-6733 Lender's profile and map Reviews First Chance Mortgage, Inc. 131 Lee Byrd Road, Loganville, GA, 30052 First Chance Mortgage has been serving clients in Georgia with affordable mortgage loans since 2000. Our staff if dedicated to the highest levels of customer service available to existing Georgia homeowners and future homeowners! Mortgage has been serving clients in Georgia with affordable mortgage loans since 2000.
(678) 714-4965 Lender's profile and map Reviews Safe Harbor Mortgage, llc 4841 Stone Moss Path, Hoschton, GA, 30548 In 2012, after 15 years in the mortgage industry, Barb Bone stepped out to establish Safe Harbor Mortgage, a residential mortgage brokerage built upon three core values - professionalism, integrity, and a committment to personal service. In an industry often marked by companies chasing profits over the priorities of their customers
(765) 795-4221 Lender's profile and map Reviews First National Bank 302 S Main St, Cloverdale, IN, 46120 First National Bank is a community bank committed to serving you better. As one of the oldest and most stable banks in the Indianapolis area, First National Bank has been a staple of the community for more than 100 years. As a full-service financial institution, we serve both individuals and small businesses alike, with a full range of banking
(865) 453-2650 Lender's profile and map Reviews SmartBank 2430 Teaster Ln, Suite 205, Pigeon Forge, TN, 37863 SmartBank emerged in January 2006, when long-time executive Bankers Bill Carroll and Billy Carroll decided to start the process of organizing a Bank with the image, values and service level that would become incomparable to any other Bank in the market. SmartBank opened its first office in January 2007
(770) 212-3865 Lender's profile and map Reviews Select Mortgage Group 255 Racetrack Road, Suite 24, McDonough, GA, 30252 Select Mortgage Group, Inc.is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial.
(334) 493-2265 Lender's profile and map Reviews Southern Independent Bank 503 North Main St., Opp, AL, 36467 In March of 2005, a group of local business leaders came together with a concept, blended with veteran bankers who shared the vision for a true community bank in Opp and Andalusia. From that initial meeting, Southern Independent Bank opened its doors for business in December of 2006, bringing to our markets a fresh and service-driven institution.
(573) 221-0201 Lender's profile and map Reviews Northeast Regional Credit Union 514 Broaday, Hannibal, MO, 63401 Northeast Regional Credit Union is a non-profit organization owned and operated by its members for the benefit of all who belong. Any employee who works at one of our select employee groups is able to belong. Family members of those employees are also eligible. Our eligible employee groups are listed below.
(573) 248-2569 Lender's profile and map Reviews Community First Credit Union 6460 Interstate Court, Hannibal, MO, 63401 Community First Credit Union was chartered in July of 1952 in the state of Missouri originally as Division #3 Highway Credit Union, and serves anyone who lives or works in Marion and Ralls Counties. Immediate family members of existing members are also eligible to gain membership in the credit union.
(573) 221-0050 Lender's profile and map Reviews Hannibal National Bank 100 N Main St, Hannibal, MO, 63401 HNB Bank, n.a. was originally organized in May1888 as the Bank of Hannibal. The building on the corner of Main & Broadway in Hannibal, Missouri was constructed in 1889 and today, remains the bank’s corporate headquarters. In 1903 the bank applied for and was granted a national charter and became Hannibal National Bank.