USDA Vs. FHA your options comparison in East-Lyme, New London County, CT
In the year 2025, the maximum loan amount available for USDA loans in East-Lyme, within New London county, CT stands at $285,000. Conversely, the FHA loan cap for a single-family dwelling amounts to $356,362.
Utilize the Lendersa® USDA loan tool to compare today's most favorable USDA and FHA rates, assessing the income, credit score, reserves, and documentation necessary to qualify. Our advanced mortgage calculator allows you to simultaneously evaluate USDA, FHA, Conforming, and VA options, assisting you in pinpointing which program in aligns best with your financial profile.
2025 loan limitations and down payment requirements in East-Lyme, county of New London, CT
Loan Category
Maximum Loan Amount
Initial Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA loan possibilities in East-Lyme, CT
Lendersa® aims to facilitate the quickest and simplest process for obtaining an optimal USDA or FHA loan. Choose among three beginning avenues to match with the appropriate lenders and USDA loan programs.
A USDA mortgage is a government-backed loan courtesy of the Department of Agriculture, sometimes called USDA rural development loans or USDA mortgages, and is exclusively available in rural areas. Unlike FHA loans that demand a minimum of 3.5% down, USDA loans necessitate no initial down payment at all.
We're entrepreneurs ourselves. We opened in 2007 with just 12 employees, so we are first-hand familiar with your day-to-day challenges. No wonder then, that we've been voted "Best Business Bank" by B2B Omaha Magazine five years in a row. We've also been awarded the 2017 & 2018 Business Excellence Award by the Greater Omaha Chamber.
Centris Federal Credit Union has been your trusted financial partner since 1934 with 15 full-service credit unions located in Nebraska and Iowa. We are a not-for-profit financial organization. We pass the savings onto our members so we can offer lower rates on loans and higher rates on savings as well as improved products and services.
Omaha Firefighters Credit Union was established in 1946 to serve our members' financial needs. As a Credit Union, we operate as a not-for-profit financial cooperative that encourages thrift & provides credit at fair and reasonable rates. We are owned and operated by our members. Each member owns an equal share regardless of their account balance.
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We're a community based credit union. And while in the old days credit unions were limited in many ways, those days are gone. Open your eyes to a new, better way to bank - with a credit union!
Basically, if you live, work, worship or attend school in these counties - you're in! In Nebraska
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