Explore the differences! FHA VS Conventional loan programs in Summit, Union County, New Jersey
In the calendar year 2025, the cap for conventional loans in the city of Summit, located in the county of Union, NJ, is designated as $1,089,300. Meanwhile, the FHA loan limit for a single-family residential property is set at $1,089,300.
For a detailed evaluation, utilize the Lendersa® Conventional loan calculator to assess and compare today's leading rates among Conventional, FHA, and USDA loans. Thoroughly examine the necessary income levels, credit profiles, reserves, and documentation needed to qualify. By using our advanced mortgage calculator, you are able to see Conforming Conventional loans alongside USDA, FHA, and VA loan programs simultaneously, enabling an informed decision on the most suitable option available in NJ tailored to your particular financial standing.
Comprehensive Loan Limits and Down Payment Criteria for 2025 in Summit, Union, NJ
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$1,089,300
3%
USDA
$0
0%
FHA
$1,089,300
3.5%
This table of comparisons accurately applies to the following zip codes: 07901, 07902
Available Loan Options: Conventional and FHA in Summit, NJ
The fundamental objective of Lendersa® is to facilitate the process of obtaining the best available Conventional, USDA, or FHA loan expeditiously and with reduced hassle. Choose from three initial pathways to effectively match yourself with apt lenders and corresponding loan programs.
1700 34th Street South, Saint Petersburg, FL, 33711
Total Mortgage Lending will work to get you the best rates and programs. We Pride ourselves on being committed to caring and putting our clients first and also first home is a major milestone in life but the process of obtaining a mortgage can feel a little bit overwhelming. The various paperwork, requirements.
4165 Shoreline Drive, Suite 40b, Spring Park, MN, 55384
Buying a home or refinancing is one of the largest financial decisions you will make in your life - and unfortunately, this means you may experience some stress as you approach these decisions. As in many other industries, the mortgage industry has more than its share of unethical individuals that are out to make a buck
At Equity Source Mortgage (NMLS #295556) we sit on your side of the table. We know the costs – whether you are buying a home for the first time or refinancing an existing mortgage, we share our deep knowledge of the industry from the very first meeting. We are a team that is customer-centric, experienced
Farmers Trust and Savings Bank is an employee-owned, community bank with offices in Buffalo Center, Lakota, Britt, Lake Mills and Bricelyn . FTSB strives to make our communities better places to live and work. We specialize in ag lending, and offer a variety of products and services to meet your personal and business needs.
We understand the ups and downs that come with the challenge of home buying, or commercial building. Our professional and dedicated team has a passion for helping you secure the mortgage that's right for your situation. We take the frustration out of complex financing. We work with you each step of the way, keeping you updated with each development
Nosari Home Mortgage, Inc has served the state of Arkansas since 1995 and now Missouri. Nosari Home Mortgage, Inc is now licensed in Missouri, and we are able to provide the best rates and most mortgage programs to our neighbors in Missouri. We have been voted "Best Mortgage Lender" via the annual Best of the Twin Lakes' annual poll since 2014.
Bank of Maple Plain, one of Minnesota's longest standing institutions, is just that kind of bank. Since 1905, they've been providing customers like you with excellent banking service. Open a checking or savings account here for safe and secure banking. We offer a wide array of products and services for consumers as well as business customers.
The Bank of Elk River is a community bank that has been family-owned and operated since 1885. Founded with a vision of being strong, loyal and innovative - a tradition we still honor today - we are committed to providing our customers with great service, convenient products and an overall better banking experience.
