For 2026, 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.
2026 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.
"Ryan Mortgage LLC We’ll work with you to provide financing that best suits your needs. It’s important to us that you fully understand the transaction. Our loan consultants will take plenty of time to explain all aspects of the loan.
Our goal is to put you in the home of your dreams while taking care of your long term financial health."
Weimin Loans Mortgage one is more suitable, fixed interest rate or floating interest rate? Usually, if you plan to sell a house within 7 years, you can consider a floating-rate loan because its initial interest rate is lower than a fixed-rate loan. If the plan changes in the future, you can consider refinancing at that time.
Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex (2), Chester, Madison, Old Lyme and Old Saybrook providing a full complement of personal and business banking. Financial, estate, insurance
"We encourage people to call with any questions they may have about the mortgage or home buying process. We gladly give free consultations and pre-qualifications. We believe it is very important for borrowers to understand the entire mortgage process. We are open Monday through Friday, and Saturday and Sunday by appointment."
In 1935, a group of educators from Middletown, CT, founded the future Seasons Federal Credit Union. Inspired by the credit union philosophy of “people helping people,” the teachers pooled their money together to provide low-cost loans.Through their joint efforts, Northern Middlesex School Employees Credit Union was chartered in December that year.
At Gateway Mortgage Services, LLC, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
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.
As a credit union we put people before profit. The Credit Union’s main objective is to provide outstanding financial service to our members and their families. We do this by providing competitive, high-quality financial products and services in a friendly “small town” atmosphere while paying the highest dividends on all savings accounts.
As a credit union, Community Healthcare Credit Union is a not-for-profit financial cooperative owned and operated by our members. We look forward to serving you and showing you the credit union difference. Established in 1959, Community Healthcare Credit Union Inc, is a not-for-profit financial institution, owned and operated by its members.
