USDA and FHA Pro and Con in Griswold, New London County, CT
For 2026, the USDA loan limit in Griswold, situated in New London, CT, is $336,500. In comparison, the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to explore today's top USDA versus FHA rates. This tool helps identify the required income, credit score, reserves, and documents for qualification. Our advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA loans side by side, enabling you to choose the best program for your financial needs in .
2026 Loan Limits and Downpayment Requirements in Griswold, New London, CT
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Griswold, CT
Lendersa® is committed to finding you the best possible USDA or FHA loan quickly and without complications. Choose from one of three starting points to connect with matching lenders and USDA loan programs.
A USDA home loan, guaranteed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is exclusively available in rural communities. This loan does not require a down payment, unlike FHA loans, which have a minimum requirement of 3.5%.
Jewett City Savings Bank is a community bank providing financial services to consumers & businesses in eastern Connecticut. The Bank currently operates 7 full-service offices along the I-395 corridor in Jewett City, Brooklyn, Dayville, Plainfield, Preston, Putnam & in Pawcatuck. Founded in 1873. Member of the Federal Deposit Insurance Corporation.
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.
Scient Federal Credit Union is a member-owned, federally insured credit union that has been serving the needs of life science professionals and their families since 1968. Built upon the philosophy of “people helping people, ” Scient works to improve the quality of our members’ lives by providing tailored products
Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and a Loan Production Office in Hartford County. The Bank has over $1 billion in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island. To learn more, please visit chelseagroton.com
Lawrence Memorial Hospital Employees Federal Credit Union was organized under the laws of the United States in 1959 as a federally regulated co-operative whose sole purpose is to render financial services to its membership. Therefore, we operate exclusively for the benefit of our members who have access to a full range of financial services.
