USDA and FHA Pro and Con in Collinsville, Henry County, VA
For the year 2026, the USDA loan maximum in Collinsville, within the county of Henry, VA, is $428,700. Conversely, the FHA loan limit for a single-family dwelling is $546,250.
Utilize the Lendersa® USDA loan calculator to compare the finest rates available today between USDA and FHA. You can determine the necessary income, credit standing, financial reserves, and all documents required for qualification. Our sophisticated mortgage calculator allows you to assess USDA, FHA, Conforming, and VA loans side by side, aiding your decision on the most suitable financial option in for your unique circumstances.
2026 Loan Caps and Down Payment Conditions in Collinsville, the county of Henry, VA
Type of Loan
Loan Cap
Down Payment Required
USDA
$428,700
0%
FHA
$546,250
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Financing Selections in Collinsville, VA
The aim of Lendersa® is to deliver the best USDA or FHA loans to you without delay and hassle. Choose among three starting points to connect with lenders and USDA loan packages.
A USDA home loan is insured by the U.S. Department of Agriculture and is often termed as a USDA rural development loan or USDA mortgage. It's specifically for rural regions. Unlike FHA loans, which necessitate a down payment of at least 3.5%, USDA loans demand no down payment at all.
ValleyStar Credit Union has been serving businesses and families like yours since 1953. It’s our mission to make banking and managing your finances as easy and convenient as possible. We want to get beyond the dry language of mortgages, loans, accounts and credit cards to what you really care about.
Martinsville First Savings Bank came to life in 1924 when local businessmen saw a need for mortgage lending to help the growing city of Martinsville prosper. We have thrived through decades of change and have been a source for mortgages and banking in the community since day one – supporting local organizations and initiatives along the way.
At Movement Bank, we’re leading a Movement of Change to make banking enjoyable and empowering by introducing healthy, faithful, and innovative tools to help you maintain financial health. Our bank was founded by African-Americans in 1919 to serve people who had been turned away by other institutions.
American National Bank & Trust Company, we believe being local is more than just having an office in the community. It's about looking out for our customers with better banking options and quick, local decisions. It's about supporting local community organizations and working with local businesses that are so vital to our communities.
URW Community Federal Credit Union has been open since 1970. The credit union has assets totaling $224.47 Million and provides banking services to more than 32, 000 members as of March 2022.
The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a mem
Blue Eagle® Credit Union has served the greater Roanoke and Lynchburg areas for nearly 70 years as a member-owned, local not-for-profit financial cooperative with a passion for enriching lives. Credit Union has served the greater Roanoke and Lynchburg areas for nearly 70 years as a member-owned, local not-for-profit financial coop
"ALCOVA Mortgage started with a friendship. Bound by a common background and inspired by a passion to serve, childhood friends Bobby Nicely, Billy Siple and Rob Lindstrom dreamed of one day starting a business.
“When I bought my first house, I realized how confusing the mortgage process could be."
This credit union is a member-owned, democratically operated, not-for-profit organization managed by a board of directors, with the specified mission of meeting the credit & savings needs of consumers, especially persons of modest means. The purpose of this credit union is to promote thrift among its members by affording them an opportunity.
