USDA and FHA Pro and Con in South-Boston, Halifax County, VA
As of 2026, in South-Boston, located in the county of Halifax, VA, the USDA loan limit is set at $285,000. In contrast, for a single-family residence, the FHA limit is $356,362.
Access the Lendersa® USDA loan calculator to easily compare the current top rates between USDA and FHA. Evaluate the income, credit score requirements, reserves, and necessary documentation for qualification. Our state-of-the-art mortgage calculator presents USDA, FHA, Conforming, and VA loan options side by side, allowing you to choose the best fit for your financial situation in .
2026 Loan Limits and Down Payment Guidelines in South-Boston, Halifax County, VA
Type of Loan
Limit on Loan
Initial Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Financing Options in South-Boston, VA
The objective of Lendersa® is to secure the most favorable USDA or FHA loan for you swiftly and effortlessly. You can start by choosing one of three pathways that connect you with lenders and USDA programs.
A USDA home loan, often referred to as a USDA rural development loan or simply a USDA mortgage, is backed by the United States Department of Agriculture. It's designated for rural areas. Unlike FHA loans demanding at least a 3.5% down payment, the USDA loan requires no initial payment.
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
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.
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