USDA and FHA Pro and Con in Cheat-Lake, Monongalia County, WV

In 2026, the USDA loan cap in Cheat-Lake, Monongalia County, WV is $285,000, whereas the FHA limit for a single-family home stands at $356,362.

Utilize the Lendersa® USDA loan calculator to evaluate today's top USDA against FHA rates, determining income, credit, reserves, and needed documents for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA loans side by side, aiding you in deciding which program in Alabama best suits your financial situation.

Compare loan offers from 100 lenders

Current Year Loan Limits and Down Payment Requirements in Cheat-Lake, Monongalia County, WV

Loan Type Loan Limit Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

Exploring USDA and FHA Loan Options in Cheat-Lake, WV

The goal of Lendersa® is to swiftly secure the best USDA or FHA loan for you, hassle-free. Select one of three methods to connect with lenders and explore USDA loan programs.

Lendersa USDA loan request and results

What is a USDA Loan in WV?

The USDA home loan, backed by the U.S. Department of Agriculture, also called a USDA rural development loan or mortgage, is designed for rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, the USDA loan requires no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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