For 2025, the USDA loan limit in Colchester, part of New London county, CT, is set at $336,500. In contrast, the FHA cap for a single-family home is $472,030.
Try the Lendersa® USDA loan calculator to explore today's prime USDA vs. FHA rates. This tool aids in identifying the income, credit score, reserves, and documentation you need to qualify. Side by side, our advanced mortgage calculator presents USDA, FHA, Conforming, and VA programs, helping you choose the one that suits your financial needs in best.
2025 Loan Limits and Down Payment Requirements in Colchester, New London County, CT
Loan Type
Loan Cap
Initial Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Colchester, CT
Lendersa®'s mission is to facilitate you in securing the most suitable USDA or FHA loan swiftly and with ease. Select from three beginning paths to link with matching lenders and USDA loan packages.
A USDA home loan, assured by the U.S. Department of Agriculture and also referred to as a USDA rural development loan or USDA mortgage, is available only in rural areas. In contrast to FHA loans demanding a minimum down payment of 3.5%, USDA loans require no down payment at all.
Marshall County State Bank is a full-service bank. The bank accepts deposits, makes loans and provides other services for the public. Serving the heart of Marshall County. We are here to serve you! Offering personal banking needs, loan services and insurance. Marshall County State Bank is your trusted local partner for all types of mortgage loans.
At Progressive Bank, our purpose is 'to help people achieve their dreams' and we accomplish this purpose through our nine financial center locations across North Louisiana with centers in Monroe, West Monroe, Winnsboro, Bossier City, and Shreveport and through our full-service website at www.progressivebank.com.
Horizon Bank has been serving the financial needs of customers for over 100 years! Since the1990's, Horizon Bank has also been actively involved in the development of affordable housing. Working with developers and syndicators in the Midwest, Horizon Bank has experience in over 380 developments.
Monroe Telco's mission is to serve our members and our community by remaining committed to the credit union's philosophy of "People Helping People". Maximizing our financial partnership with our members by providing "Friendly Hometown Service". Our Motto is "Members Come First". Monroe Telco Federal Credit Union Established in 1936.
3711 Cypress Street, Suite 1, West Monroe, LA, 71291
Centric has been thriving for nearly 80 years! A credit union, first formed in 1937 for Brown Paper Co., has grown to serve more than 32, 000 members within Northeast Louisiana, today. Our desire is to hire the best of the best in financial and retail services. It is our privilege and honor to serve our members on their financial journey!
Citizen’s Choice Federal Credit Union is a financial cooperative that offers a wide range of products with the most convenient rates. We know how important it is always to have options to select from; therefore, we provide a large variety of services for every citizen: share accounts, payroll deduction, direct deposit, auto loans,
Old South FCU was formed in 1953 originally to serve employees of the International Paper Company located in Natchez, MS. Over the years, Old South's field of membership has grown to include other Select Employee Groups. We have since expanded our field of membership to include Concordia Parish, LA and Adams County, MS.
The mission of UMB is to ensure continued growth and prosperity by hiring the most qualified and dedicated employees, staying current with technological advances in the banking industry, supporting and enriching our employees and the communities we serve, and delivering a competitive shareholder return.
