USDA Vs. FHA Pro and Con comparison in Draper, Salt Lake County, UT
During 2025, the USDA loan limit for Draper in Salt Lake County, UT, is set at $418,600. In contrast, the FHA loan limit for a single-family residence is $619,850. Knowing these limits is crucial for potential homebuyers to plan their financing effectively.
Employ the Lendersa® USDA loan calculator to assess current USDA versus FHA rates. It allows you to evaluate necessary income, credit, reserves, and required documents for eligibility. This advanced mortgage calculator lets you seamlessly compare USDA, FHA, Conforming, and VA loans side by side, assisting you in making informed decisions regarding which program in is best suited for your specific financial conditions.
Detailed Loan Limits and Downpayment Requirements for 2025 in Draper, Salt Lake, UT
Loan Type
Loan Limit
Down payment
USDA
$418,600
0%
FHA
$619,850
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Draper, UT
The purpose of Lendersa® is to swiftly secure the most advantageous USDA or FHA loan for you, without unnecessary complications. Commence your journey by selecting one of three starting points that will effectively match you with suitable lenders and USDA loan programs tailored to your needs.
The USDA home loan is a financial product sanctioned by the Department of Agriculture and commonly referred to as the USDA rural development loan or USDA mortgage. It is specifically available in rural locales. Unlike FHA loans, which necessitate a minimum down payment of 3.5%, the USDA mortgage requires absolutely no down payment. This distinctive feature makes it an appealing option for those eligible individuals seeking to purchase in rural regions.
751 E Southlake Blvd, Suite 113, Southlake, TX, 76092
L W Financial Services Inc is a a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending from purchase to refinance to construction lending. We have access to a full range of mortgage loan sources and all of our lending specialists are dedicated to finding the right loan-with the best rates.
Assurance Home Loans specialize in home financing -- finding the best (lowest cost, smooth process) mortgage loan for each borrower. Ask about our 1% down payment purchase loan! We also have Conventional loans up to $679, 650 for all of Texas (avoid Jumbo rates). Your loan matters to us,
546 Silicon Drive, Suite 100, Southlake, TX, 76092
Southern Mortgage Group, LLC, a professional mortgage company specializing in residential mortgages. At Southern Mortgage Group, LLC, we will find a loan that fits each borrower. Unlike big banks that have order takers helping you with your loan, we have highly skilled and trained loan consultants.
Red Diamond Home Loans is a unique Mortgage Banking Company that is focused on providing premier client solutions. This includes a variety of product, excellent pricing and exceptional service. Many banks/mortgage banks provide a company solution that will not always fit the need of all clients. We utilize a variety of investors to meet those needs
This bank is dedicated to providing superior customer service. The Minnesota Lakes Bank ownership prides itself on being industry-leading. We embrace new technology and delivery methods, and we are excited to bring our more than 100 years of banking experience to bear in new markets where we have a connection and history.
8613 Mid Cities Blvd, Suite 300, North Richland Hills, TX, 76182
"Lending Edge Mortgage has built a reputation for excellence through customer service.
Lending Edge Mortgage is a Texas-based mortgage banker established in 2002. We are a dba of AmCap Home Loan NMLS: #129122 located in Houston, Texas.
Our vision is to have the reputation of being “The Lender of Choice” from all our customers"
800 Parker Square, Suite 205, Flower Mound, TX, 75028
Chartwell American Mortgage We strive to be your home lender for life. When venturing into the home finance arena, you need someone that has the experience and relationships to navigate you through the process. Find out how we can help. and camloans.com is your online resource for personalized mortgage solutions.
3020 Corporate Court, Suite 500, Flower Mound, TX, 75028
J Philips Mortgage, Inc. has been offering professional mortgage services to homebuyers in the Flower Mound, and all over the DFW, area since 2007. Judy Philips has over 18 years’ experience in the mortgage field and after numerous years working for a previous company, she decided to open up her own.
3201 Cross Timbers Road, Building 6, Suite 600, Flower Mound, TX, 75028
Creekview Realty was founded in 2002 and is headquartered in Plano, TX. John Prell is the broker, and has over 30 years experience over 4 states in various capacities of the real estate business, including investing, hard money lending, residential & commercial construction, renovations, consulting, and brokerage.
Antler Home Mortgage, LLC. was formed to offer borrowers a high-quality low-cost mortgage experience. AHM has partnered with the best mortgage lenders in the industry to provide a smooth transaction at a below market interest rate. So regardless of your scenario, choose a professional from Antler Home Mortgage to be on your side.
