USDA Vs. FHA Pro and Con comparison in Highland-Springs, Henrico County, VA
For 2025, within Highland-Springs, part of Henrico county, VA, the USDA loan ceiling is set at $428,720, while the limit for an FHA loan on a single-family home is $535,900.
Leverage the Lendersa® USDA loan calculator to evaluate and compare the most competitive rates for USDA versus FHA loans today. You can determine the required income, credit scores, reserves, and necessary documents for qualification. By using our state-of-the-art mortgage calculator, you can view USDA, FHA, Conforming, and VA loan options side by side, assisting you in choosing the most suitable program in Alabama tailored to your financial situation.
Loan thresholds and upfront payment needs in 2025 for Highland-Springs, Henrico, VA
Type of Loan
Loan Ceiling
Required Initial Payment
USDA
$428,720
0%
FHA
$535,900
3.5%
Conventional Conforming
$548,250
3%
Analyzing USDA and FHA Loans within Highland-Springs, VA
The ambition of Lendersa® is to speedily secure the most advantageous USDA or FHA loan without hassle. Select any of these three methods to match with lenders and discover USDA loan options.
A USDA home loan, endorsed by the U.S. Department of Agriculture, is often referred to as a USDA rural development loan or USDA mortgage, designed specifically for rural areas. Unlike FHA loans that require at least a 3.5% down payment, USDA loans offer the benefit of no down payment requirement.
Davis Trust Company was founded on June 17th of 1901 by former US Senator Henry Gassaway Davis. Henry G. Davis is responsible for the formation of many local landmarks in Elkins, WV such as Davis & Elkins College including the historic mansions, Halliehurst and Graceland, as well as Davis Memorial Hospital.
Citizens Bank opened its doors January 22, 1924 and has since continued to be a viable community bank, with many of our employees and officers involved in the respective communities they serve. The Board, management and staff of Citizens Bank remain committed to a long-term, personal approach to banking that puts our customers first and foremost.
The mission of the HomeOwnership Center is to strengthen the communities of North Central West Virginia by creating and supporting successful home owners through mortgage lending, credit counseling, financial advising and home buyer education. Empowering and inspiring families to achieve financial confidence and the dream of home ownership.
York Educational Federal Credit Union is a not-for-profit financial organization, owned and operated by its members. Organized in 1969, our goals have always been to help each other by providing financial services to meet the needs of members; assisting and educating members to make the best use of their financial resources.
1st Preference Mortgage is 30 yrs old this April 2018. There is a reason for this longevity; 1st Preference is different from other Mortgage Companies and other Banks: • Our Loan Officers have a minimum 10 yrs experience • Our Loan Officers work 50-60 hrs a week • Mostly in the evenings and on the weekends •
Integrity first Mortgage Company, our goal is to make it easy and affordable for borrowers to find solutions to their financial challenges. As a result, we make the process easy for you to get the loan you need. Above all, Integrity First Mortgage provides lending on a large variety of residential properties throughout
Highlands Mortgage is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
This credit union was originally established as the S. Morgan Smith Credit Union and incorporated under the laws of the Commonwealth of Pennsylvania on December 23, 1954. It became known as the Allis Chalmers Credit Union upon that company's acquisition of the S. Morgan Smith Company on April 1, 1959.
