usda or fha loans

FHA or USDA does not have a minimum loan amount but most lenders do. Ours is $40000. You'd have to check with each individual lender for their mimimum.

FHA & USDA do not have minimums.. The lenders do.. Because current laws restrict the amount a mortgage broker can make on a loan, at some point, the lender can't profit enough to make the loan worthwhile.. The laws are different for banks.. the bank has no restrictions on how much they are allowed to make, so they will typically do the lower loan amounts that brokers wont... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Neither USDA or FHA officially have loan minimums. With that said, the lenders who provide the loans usually do. Most (like us) are around $50,000. This is simply because the laws make it difficult to makes any money below these levels.

I'm not aware that FHA or USDA has a minimum loan requirement however, lender overlays will dictate what their minimum loan amount is. Find a mortgage broker in your area and they can find out what the mimimum loan amount is for each of the lenders they work with. Lynn Kinsel, Patriot Mortgage, Licensed in VA, MD & DC.

Contact a local community bank or credit union. They will usually work with smaller loans,