USDA and FHA Pro and Con in Chesapeake, Chesapeake County, VA
In 2025, the USDA loan limit in Chesapeake, located in Chesapeake County, VA, is set at $428,700, while the FHA limit for a single-family home is $546,250.
With Lendersa® USDA loan calculator, compare the current best rates between USDA and FHA loans. Assess the income, credit, reserves, and documentation needed for qualification. Our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA options side by side, aiding your decision regarding the most suitable program in for your financial circumstances.
2025 Loan Limits and Downpayment Requirements in Chesapeake, Chesapeake County, VA
Loan Type
Loan Limit
Down payment
USDA
$428,700
0%
FHA
$546,250
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Alternatives in Chesapeake, VA
Lendersa® is committed to quickly and easily finding you the best USDA or FHA loan options. Choose one of three methods to connect with lenders and access USDA loan programs.
A USDA home loan is a government-backed program by the Department of Agriculture, also known as a USDA rural development loan or mortgage, available exclusively in rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, the USDA mortgage requires no down payment at all.
Commonwealth Mortgage and Investments, is a local mortgage company located in Chester, Virginia and has been servicing the Tri-City area for the past 25 years in the same location. They offer all type of mortgage loans and also With over 20 years in the business, we specialize in VA loans and have some of the best VA interest rates in the area.
1st Call Mortgage LLC 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
We are a full-service mortgage company based in Richmond, VA. We specialize in VA Loans, FHA Loans,& JUMBO Loans in Richmond. We also serve the surrounding cities in Richmond City County. Whether you are buying a home or refinancing, we can help you realize your dream of homeownership or save you money when getting your new lower monthly payment.
Call Federal Credit Union provides passionately local banking by opening doors to your financial health. Our mission is to establish relationships that allow us to offer the right products and services that lead to positive financial results for our members and their families. Call Federal was founded in 1962.
Richmond Heritage Federal Credit Union was founded as a “self-help” not-for-profit organization during the Great Depression in 1936 by ten educators. They recognized the need for access to economic resources not offered to African-Americans by traditional financial institutions at that time.
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank. Atlantic Union Bank has 149 branches located throughout Virginia, and in portions of Maryland and North Carolina. We believe people have a right to expect more from the companies they do business with – and they can expect more from Atlantic Union Bank.
LendingDeck is a nationwide lender that provides short-term fix & flip loans and long-term rental financing for real estate investors. Our loans, often called hard money loans, can be used for purchasing or ReFinancing non-owner occupied residential properties, funding renovation projects, and financing long-term rentals.
RVA Financial was organized on August 23, 1950 as the Richmond, Virginia Municipal Federal Credit Union to provide financial services to employees of the City of Richmond. The National Credit Union Administration approved the charter the following month, and the first membership meeting was held on September 14, 1950.
The Richmond Virginia Fire Police Credit Union, Inc. is sponsored by the City of Richmond, Virginia's Department of Fire and Emergency Services, Police Department and its affiliates. We are a member-owned, not-for-profit financial cooperative. Our mission is to serve the most precious commodity which is our members and their families.
