Explore the differences! FHA VS Conventional loan programs in Preston, New London County, Connecticut
In 2026, the Conventional loan cap in Preston, situated in the county of New London, CT, is $726,200, while for a single-family house, the FHA cap is $472,030.
The Lendersa® Conventional loan calculator helps you compare the most favorable rates for Conventional, FHA, and USDA loans available today, also allowing you to see the necessary income, credit score, reserves, and documents for qualifying. The advanced mortgage calculator displays Conforming Conventional loans alongside USDA, FHA, and VA options, aiding you in choosing the most suitable program for your financial circumstances in CT.
Loan limits and down payments for 2026 in Preston, situated in the county of New London, CT
Loan Type
Loan Limit
Down payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This comparison chart applies to the following zip codes: 6365
Options for Conventional and FHA Loans in Preston, CT
Lendersa® is dedicated to finding you the best Conventional, USDA, or FHA loan efficiently and with ease. Begin from one of three options to find matching lenders and loan programs.
Jewett City Savings Bank is a community bank providing financial services to consumers & businesses in eastern Connecticut. The Bank currently operates 7 full-service offices along the I-395 corridor in Jewett City, Brooklyn, Dayville, Plainfield, Preston, Putnam & in Pawcatuck. Founded in 1873. Member of the Federal Deposit Insurance Corporation.
Scient Federal Credit Union is a member-owned, federally insured credit union that has been serving the needs of life science professionals and their families since 1968. Built upon the philosophy of “people helping people, ” Scient works to improve the quality of our members’ lives by providing tailored products
Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and a Loan Production Office in Hartford County. The Bank has over $1 billion in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island. To learn more, please visit chelseagroton.com
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
At Gateway Mortgage Services, LLC, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
