FHA VS Conventional loan programs in Somerville, Somerset County, New Jersey
In 2025, the conventional loan limit in Somerville, located in the county of Somerset, NJ, is set at $1,089,300. Meanwhile, the FHA limit for a single-family home is determined to be $1,089,300. Understanding these limits is crucial for prospective homebuyers as they define the maximum funding potential available for mortgages in these specific areas, helping to guide financial planning and lending strategies.
With the Lendersa® Conventional loan calculator, analyze today’s top Conventional, FHA, and USDA loan rates. Define the necessary income, credit requirements, reserves, and documentation needed to qualify for these types of loans. This advanced mortgage calculator allows you to make side-by-side comparisons of Conforming Conventional loans, USDA, FHA, and VA options, assisting you in selecting the most suitable program available in NJ for your financial needs.
Detailed 2025 Loan Limits and Down Payment Requirements in Somerville, County of Somerset, NJ
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$1,089,300
3%
USDA
$776,600
0%
FHA
$1,089,300
3.5%
This special comparison table applies specifically to the zip codes: 8876. Being aware of these detailed limits aids in setting realistic expectations for loan applications and potential mortgage approvals.
Exploring Conventional and FHA Loan Options in Somerville, NJ
Lendersa® is dedicated to swiftly connecting you with the best Conventional, USDA, or FHA loans available, minimizing any unnecessary complexities. Choose from three key starting pathways which effectively guide you to compatible lenders and loan programs, tailored to meeting your unique financial requirements and preferences.
Riverside Funding we are proud to service all your mortgage requirements with a wide variety of loan programs. We realize that in today’s financial setting there is a need for many diverse loan programs able to be customized to your own criteria, including conventional fixed rate and adjustable rate mortgages, VA and FHA loans, Investor loans.
Mahoney Mortgage Group is a mortgage brokerage based in Richmond, Virginia. Our experience and client centered approach ensures that we get to know each client and their specific needs. With our personal attention and our vast network of lending partners, we will find the best product at the best rates for our clients.
Bristol Financial Services offers financial services for individuals and businesses. Our foremost commitment is to our clients. The most important part of our job is to help people reach their financial objectives and help business owners with their financial strategies and benefits packages.
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.
1100 Boulders Parkway, Suite 601, Richmond, VA, 23225
Dominion Energy Credit Union was created by, and for the benefit of Dominion Energy employees. We offer the same personal financial services as the big banks, but, unlike most banks, we offer incredible rates, minimal fees, and service that exceeds expectations. We go the extra mile to let each member know they are valued and appreciated.
Virginia Credit Union was founded in 1928, originally as State Employees’ Credit Union. Through the decades, we have created financial products and services to help guide members in their financial lives and give them new knowledge and understanding of their finances. In everything we do, our work allows members to live with confidence.
7400 Beaufont Springs Drive, Suite 300, Richmond, VA, 23225
Kore Mortgage LLC 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
334 River Road West, Suite 247, Manakin Sabot, VA, 23103
We are asset based hard money lenders based in Richmond, VA. We loan money for real estate investors' fix and flip deals, new construction projects, buy and hold rentals, BRRRR financing, adaptive reuse projects, land development, bridge loans and mezzanine financing. However, we are not limited to a certain loan footprint.
1903 Manakin Road, Suite A, Manakin Sabot, VA, 23103
RatePro Mortgage was founded as Home Equity Mortgage, Inc. our focus was on helping homeowners maximize the equity in their home. As the market began to change, so did we. We shifted our focus and continued to educate ourselves on the latest trends and resources available for all types of mortgage financing.
Our mission is to provide personal quality service today and every day, while maintaining financial stability. Our credit union was created by and for employees of the West Seneca State School in January 1964. It was originally known as the West Seneca State School Federal Credit Union.
