FHA VS Conventional loan programs in 2026 for Summit, Union County, New Jersey
In the calendar year 2026, 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 2026 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
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.
51 Commerce Street, Suite 101, Springfield, NJ, 07081
Lends in New Jersey
MLB Residential Lending serves the lending needs of home buyers, home owners, real estate professionals and builders. Our staff are passionate about assisting others in fulfilling the American Dream of home ownership, making the process as simple as possible. As a community-focused lender,
150 Morris Avenue Suite 206,, Springfield, NJ, 7081
Lends in New Jersey
At Keypoint Mortgage LLC, we are proud to offer a wide range of mortgage loan options for clients at all levels, from first-time buyers through seasoned real estate investors. To help determine the best loan program for you, consider the following: How important is payment certainty? If knowing that your payment will be the same
275 US-22, Springfield Township, Springfield, NJ, 07081
Lends in New Jersey
Prime Time Mortgage Corp. is a full service Mortgage Banker offering Residential Conventional, FHA/VA and Alt-A loans in NJ, NY, FL and VA. We also offer commercial loans in every state. We are a direct lender and have in-house processing for all loan files. We work with each borrower.
830 Morris Turnpike, 4th Floor, Short Hills, NJ, 07078
Lends in New Jersey
At Predian Mortgage, our mission is to provide homeowners and future homeowners a variety of home financing options at competitive rates; fulfilling their needs in a manner that enhances their standard of living in realizing the American Dream. We at Predian Mortgage believe in working hard to get the job done. Our leaders set the example,
Advanced Financial Federal Credit Union membership is available to anyone who lives, works, goes to school in Union or Essex County, NJ. We offer members a full range of financial services, similar to banks. We offer residents an alternative to the costly services of mega-banks & the option of a financial institution under local ownership.
Atlantic Federal Credit Union was founded in 1935 by a group of AT&T Western Electric employees in Kearny, New Jersey. They were dedicated to building a not-for-profit financial cooperative to meet their savings and borrowing needs — an especially formidable task in that depression era.
FDU Federal Credit Union Founded in 1965, Fairleigh Dickinson University Federal Credit Union (FDU FCU) is a federally chartered credit union serving the University's students, faculty, and staff. Since then, many other local businesses and organizations have joined FDU FCU. As a non-profit, FDU FCU strives to support members in achieving.
Jersey Central Federal Credit Union (JCFCU) is a not-for-profit financial cooperative, chartered in 1937 to serve employees of the Central Railroad of New Jersey (CNJ), who worked in the engine repair and train services departments in Jersey City, NJ. The founding members recognized the need for affordable
