FHA VS Conventional loan in Salem, New London County, Connecticut

The Conventional loan cap in Salem, within New London county of CT, is $726,200 for 2025, while the FHA limit for a single-family residence stands at $472,030.

Utilize Lendersa® Conventional loan calculator to evaluate today's best Conventional, FHA, vs. USDA rates. Identify the necessary income, credit, reserves, and documentation for eligibility. Our high-tech mortgage calculator allows you to view side by side Conforming Conventional loans, USDA, FHA, and VA choices, assisting you to select the ideal program for your financial needs in CT.

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Loan limits and down payment requirements for 2025 in Salem, serving New London county, CT

Loan Type Loan Limit Down payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

This table is applicable for the following zip codes: 6420

Variety of Conventional and FHA loan opportunities in Salem, CT

Lendersa® is committed to securing you the most advantageous Conventional, USDA, or FHA loan options quickly and efficiently. Begin with any of three options that align with distinct lenders and loan programs.

Lendersa's USDA loan request and match results


  • DIAMOND RESIDENTIAL MORTGAGE CORPORATION
  • 582 Oakwood Ave, Lake Forest, IL, 60045
  • Diamond Residential Mortgage is committed to helping our customers find the right mortgage product for their needs. We understand every borrower is different and we offer a wide variety of products to meet individual requirements. We make the process of securing a mortgage simple and straightforward by offering the latest financial tools.
  • Mortgage Loan Direct Inc
  • 15255 South 94th Avenue, Suite 519, Orland Park, IL, 60462
  • 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 and your family from the many mortgage options that are available today.
  • Avalon Mortgage Services Inc
  • 9439 West 144th Place, Orland Park, IL, 60462
  • Avalon Mortgage Services, Inc. offer personalized service & some of the most competitive rates in the mortgage industry. Our clients continue to recommend us because of our experience & knowledge of every aspect of the mortgage business & real estate market. Our expertise makes the purchase or sale of our client's homes & investment properties.
  • INSIGNIA Financial Services, LLC
  • 1020 Milwaukee Avenue, Deerfield, IL, 60015
  • INSIGNIA Financial Services LLC is a non-bank lender and capital markets advisory firm. We provide access to a broad array of debt and equity capital for real estate investments in all markets, nationwide and Our lending and debt placement process enables savvy real estate investors, entrepreneurs and business owners to seize opportunity
  • Discover Financial Services
  • 2500 Lake Cook Rd, Deerfield, IL, 60015
  • Our lending products and payment services go far beyond consumer credit, to enable millions of merchants to run their businesses, to explore new markets, power fin-tech companies and most importantly—help people to build a brighter financial future.The Discover Network provides card acceptance at millions of businesses and cash access locations.
  • Wool Finance Partners, LLC
  • 1121 Lake Cook Road, Suite L, Deerfield, IL, 60015
  • Wool Finance Partners, LLC is active in the placement of debt and equity for institutional quality office, retail, industrial, healthcare, hospitality and multifamily properties. Our approach is relationship-oriented, seeking to build upon an impressive client base of developers and lenders.
  • Prism Mortgage
  • 770 Lake Cook Road, Suite 145, Deerfield, IL, 60015
  • Prism Mortgage has 30 years of experience in the residential and commercial real-estate industry. Prism Mortgage LLC, Chicago's leading group of financial advisors here to serve your entire mortgage lending needs. Strict, new federal and state regulations have imposed dramatic changes upon the mortgage lending process.
  • Cambridge Lending Group Inc
  • 1020 Milwaukee Avenue, Suite 232, Deerfield, IL, 60015
  • Cambridge Lending Group has established itself as a trusted resource and respected mortgage leader in the Chicago’s North Shore community. we have helped thousands of clients find the optimal mortgage plan tailored to their needs, and provided successful solutions for those who have previously been turned down by other lenders.