USDA and FHA Pro and Con in Melissa, Collin County, TX
For 2025, the USDA loan limit in Melissa, located in Collin, TX, is $360,600. Meanwhile, the FHA limit for a single-family residence is $531,300.
Leverage the Lendersa® USDA loan calculator to analyze current USDA versus FHA rates and determine the necessary income, credit reserves, and documentation for qualification. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA options side-by-side, helping you choose the right program for your financial needs in .
2025 Loan Limits and Down Payment Requirements in Melissa, Collin, TX
Loan Type
Loan Limit
Down Payment
USDA
$360,600
0%
FHA
$531,300
3.5%
Conventional Conforming
$726,200
3%
Navigating USDA and FHA Loan Options in Melissa, TX
Lendersa® aims to quickly find you the most favorable USDA or FHA loan without any hassle. Begin with one of three starting options that match lenders with the right USDA loan programs.
The USDA home loan is backed by the U.S. Department of Agriculture, also referred to as USDA rural development loan or USDA mortgage. It's designed for rural neighborhoods only. Unlike FHA loans which mandate a minimum down payment of 3.5%, USDA loans do not require any down payment.
MSB remains true to our mission to provide a safe, secure, competitive source of financial services to the residents of our market area while remaining an independent locally-owned community bank — one of only a few left in the area. At Metamora State Bank you are more than a customer — you are a friend.
As competent and experienced insurance agents, our main priorities are respectability and reliability when it comes to advising our customers. We will support you in choosing your future insurance coverage; we are independent in giving such advice since we are not bound to any one insurance provider.
City-County Employees Credit Union is a non-profit cooperative organized to provide our members with low-cost financial services. We were chartered on April 15, 1941 and are governed by a volunteer board of directors who are elected by and from the membership. As a State-chartered, Federally-insured Credit Union.
The Department of Veterans Affairs offers a loan guaranty program to veterans, current military members, and their families to assist them in becoming home owners during or after their time of military service. This program was begun in 1944 to aid returning service members who had fought in World War II. During the past seventy-plus years.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Farmers State Bank is a locally owned, independent, community bank. We have four locations to better serve our customers. Our main office is located in Underwood, MN, and three branches are located in Dalton, Rothsay, and Fergus Falls, MN. Our officers, directors, and staff all live and work in our local communities.
3740 Beach Blvd, Suite 300, Jacksonville, FL, 32207
Linward Realty is an integral part of the Linward Family of Companies. Located in Jacksonville, Florida with over 50 years combined experience in Northeast Florida Real Estate, our team has transacted in excess of $50, 000, 000 in Real Estate transactions. Dating back to 1996 when Linward Development Corporation was created,
Coastline Federal Credit Union is a full–service, not–for–profit financial cooperative. We provide personal banking services but, unlike a bank, we're owned by our account holders—members like you! Our goal is to be better than a bank by delivering outstanding service, competitive savings yields.
