USDA and FHA Pro and Con in Alabaster, Shelby County, AL
In 2024, USDA loan limit in Alabaster, county of Shelby, AL is $336,500 while FHA limit is $472,030 for a single-family home.
Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.
2024 loan limits and downpayment requirments in Alabaster, county of Shelby, AL
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA loan options in Alabaster, AL
Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.
USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
We are committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. We will work with you one-on-one to ensure that you get a financial solution that is tailored specifically to meet your financing needs. We will work with you to come up with a plan
Northwoods Credit Union has 2 offices in Cloquet, one in Floodwood and one in Moose Lake. We started out as Northwest Paper Company Employees Credit Union back in 1936 & we have grown to serve all those who live, work, worship, attend school, or volunteer in Carlton, Pine, or St Louis County! We offer big bank products with local, hometown service.
At MCCU, we strive to be the primary, positive financial influence in the lives of our members/owners. That’s our mission. You’ll see it in everything we do for you. Imagine doing business with an organization that truly has your best financial future as its number-one goal. That’s our mission
Neighborhood National Bank is committed to serving our community's financial needs with quality products and services, while exceeding our customer's expectations with our friendly and professional staff. We offer both personal and business banking as well as an array of loan services available. Get the best rates available on consumer
"Ryan Mortgage LLC We’ll work with you to provide financing that best suits your needs. It’s important to us that you fully understand the transaction. Our loan consultants will take plenty of time to explain all aspects of the loan.
Our goal is to put you in the home of your dreams while taking care of your long term financial health."
Weimin Loans Mortgage one is more suitable, fixed interest rate or floating interest rate? Usually, if you plan to sell a house within 7 years, you can consider a floating-rate loan because its initial interest rate is lower than a fixed-rate loan. If the plan changes in the future, you can consider refinancing at that time.
In 1943, people in the Hermantown community came together to create a credit union to give themselves & their neighbors a trusted, local financial solution. We proudly served members of the Duluth Homestead Association & patrons of the Hermantown Community Store. We provide financial education and banking solutions to help people understand.
Share Advantage Credit Union serves all your banking and financial needs from a Youth Savings & Checking accounts to Traditional & Roth IRAs. As a bedrock business of the Northland ourselves, we welcome business accounts. We have FREE personal Checking accounts. Youth Savings and FREE 15+ Youth Checking accounts are happily welcome.
Since 1928, Northern Communities Credit Union has been serving our members and our communities in Northern Minnesota. We started out in the “new” Duluth City Hall when it was first built in 1928 and were formerly known as the Duluth City and County Employees Credit Union, to serve employees of the City of Duluth and St. Louis County.
Brainerd BN Credit Union was organized on November 25, 1940 as Brainerd NP Credit Union to serve the needs of the Northern Pacific Railway workers in central Minnesota. In 1970, after a merger changed the name of the local railway, Brainerd NP Credit Union changed its name to the name we use today, Brainerd BN Credit Union.
