USDA Vs. FHA your options comparison 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.
People’s Credit Union is a community Credit Union that has served the people of Rhode Island and Southeastern Massachusetts since 1922. People's Credit Union is owned by its members and is a not-for-profit, cooperative financial institution. We operate 6 branches located in Bristol, Middletown, Newport, North Kingstown, Portsmouth, and Wakefield.
55 John Clarke Road, Unit A16, Middletown, RI, 02842
"Newport Mortgage LLC is a residential, and commercial mortgage company, located in Newport RI. Newport Mortgage LLC is owned and operated by Mark Jernstedt. Mr. Jernstedt brings over 25 years of experience, originating residential and commercial loans. When you apply for a loan with Newport Mortgage LLC,"
Home Loan Investment Bank is a Federally Regulated Savings Bank that has been assisting homeowners for over 35 years. Since 1971 we have helped over 75, 000 people refinance their homes, consolidate their debt, purchase new homes and take cash out for life expenses. We take pride in our ethical business conduct, superior customer service.
Wave was originally established in 1938 as the Narragansett Electric Employee's Federal Credit Union. In 2003 we merged with Hasbro Employee's Federal Credit Union & in 2008 merged with Anchor Federal Credit Union, formerly Warwick Municipal Employee's Federal Credit Union. Then in 2011, we merged with Cottrell Federal Credit Union in Westerly, RI.
Greenwood Credit Union has a long history of providing high quality financial services to individuals and families throughout Warwick, Kent County, the State of Rhode Island and beyond. Founded in 1948, Greenwood Credit Union has always shown a strong commitment to the financial well-being of the families, businesses and communities that we serve.
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services.
The Mortgage Corner® of New England is a licensed mortgage broker in Massachusetts and Rhode Island offering a full selection of mortgage products represented by many national mortgage lenders. Our combined 60 years of mortgage experience assures you that we will guide you through each step of the mortgage process with ease.
2220 Plainfield Pike, Suite 213, Cranston, RI, 02921
Advanced Mortgage Corp. you get support and expert guidance from experienced licensed loan professionals. Local Loan Officers who know the ins and outs of the RI marketplace. You get the option of working with a select network of local professionals like Real Estate Agents, Attorneys, appraisers.
