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

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<p>As of 2025, the Conventional loan ceiling in Sprague, within New London county, CT, is $726,200, while the FHA limit for a single-family home is $472,030.</p>

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<p>Lendersa® provides a Conventional loan calculator for comparing today's top rates between Conventional, FHA, and USDA options. Determine the required income, credit, reserves, and documents to qualify. This advanced tool allows side-by-side comparisons of Conforming Conventional loans, USDA, FHA, and VA, assisting you in selecting the best program for your financial needs in CT.</p>
<p><a href="/loans/start">Browse loan offers from over 100 lenders</a></p>

<div class="text-center">
    <h2>2025 Loan Limits and Down Payment Details in Sprague, New London, CT</h2>
    <table class="table table-responsive">
        <tr>
            <td><b>Loan Type</b></td>
            <td><b>Loan Limit</b></td>
            <td><b>Down Payment</b></td>
        </tr>
        <tr>
            <td>Conventional Conforming</td>
            <td>$726,200</td>
            <td>3%</td>
            <td>
        </tr>
        <tr>
            <td>USDA</td>
            <td>$336,500</td>
            <td>0%</td>
            <td>
        </tr>
        <tr>
            <td>FHA</td>
            <td>$472,030</td>
            <td>3.5%</td>
            <td>
        </tr>
    </table>
    <p><i>Notes: The table is relevant for zip codes: 06330, 06350</i></p>
</div>

<h2>Discover Conventional and FHA Loans in Sprague, CT</h2>
<p>At Lendersa®, we aim to secure the best rates for a Conventional, USDA, or FHA loan swiftly and effortlessly. Begin with one of three pathways to find suitable lenders and loan plans.</p>

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           <li><a href="/loans/info/hard-money-lenders-directory">Explore the extensive directory of Conventional lenders</a></li>
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  • Bank Independent
  • 710 S Montgomery Ave, Sheffield, AL, 35660
  • Bank Independent is a locally owned community Bank committed to making a positive difference in people's lives. We've served the financial needs of folks across North Alabama since 1947 and have grown to become a highly-rated and well-respected $2.1 billion Bank. We couldn't be where we are today without our team members
  • Guardian Bank
  • 701 Wildwood Plantation Drive, Valdosta, GA, 31602
  • Our bank was founded in 1997.​ Our founders established a bank based on time-tested methods of sound financial management. The bank they envisioned would serve people like themselves, who enjoy living and working in the unique region of South Georgia. Guardian Bank flourished as it helped people prosper.
  • CBC Bank
  • 3466 North Valdosta Road, Valdosta, GA, 31602
  • We pride ourselves on being a true community bank. Our bankers are your neighbors and your friends-- and we truly understand the needs of our local people. We have, and will continue to be, committed to building relationships with our customers and our community across South Georgia.
  • Ameris Bank
  • 3020 N Patterson St, Valdosta, GA, 31602
  • Ameris Bank is a financial institution serving customers across the Southeast and Mid-Atlantic. Through online account opening, customers across the nation can benefit from Ameris Bank products and services. Ameris Bank has full-service locations in Alabama, Florida, Georgia and South Carolina and mortgage-only.
  • Southeastern Credit Union
  • 3501 North Valdosta Rd., Valdosta, GA, 31602
  • Southeastern Credit Union is a not-for-profit financial institution. We were founded in 1953 as Moody Air Force Base Federal Credit Union, originally offering credit union membership to base employees and their immediate family.Since then, we've changed our name and our charter to serve our current ten-county area in South Georgia.
  • Liberty Trust & Savings Bank
  • 502 Eighth Avenue, Durant, IA, 52747
  • New Liberty officially opened its doors for business in February 1905. The name of the bank was changed to Liberty Trust & Savings Bank after World War I. In 1935 the charter was transferred from New Liberty to Durant. Although the charter was transferred to Durant, the New Liberty area continues to be an important part of the bank's trade area.
  • American Trust & Savings Bank
  • 309 McKinley Avenue, Lowden, IA, 52255
  • American Trust & Savings Bank is a bank with operations in one state. American Trust & Savings Bank offers numerous mortgage programs including conventional, FHA, FHA 203(k), VA, USDA and construction mortgages. American Trust & Savings Bank is a FREEandCLEAR Certified Gold Low Rate Lender and Technology All Star.
  • Farmers-Merchants Bank of Illinois
  • 101 W Main St, Joy, IL, 61260
  • Farmers-Merchants Bank of Illinois, formerly known as Joy State Bank and Farmers-Merchants National Bank of Paxton, has served Illinois communities for more than 100 years. We strive to maintain the values that have driven the bank’s longevity: friendly customer service and a wide range of valuable products and services.
  • Community Bank TN
  • 19 Natchez Trace Drive, Lexington, TN, 38351
  • Headquartered in Lexington, Tennessee, we are locally owned and managed. We have three full service branches, two in Lexington and one in Jackson, Tennessee. Community Bank associates are plugged in, serving our communities in just about every volunteer and service organization in our markets.
  • Lotus Lending Group, LLC
  • 1522 Montclair Road, Irondale, AL, 35210
  • 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.