USDA and FHA Pro and Con in Groton, New London County, CT
For 2026, the USDA loan limit within Groton, part of New London county, CT, is set at $336,500, while the FHA limit for a single-family home is $472,030.
The USDA loan calculator by Lendersa® allows you to compare today's top USDA and FHA rates, helping you evaluate the income, credit, reserves, and documents necessary for qualification. Our cutting-edge mortgage calculator displays USDA, FHA, Conforming, and VA programs side-by-side, assisting you in selecting the most suitable program for your financial needs in .
2026 Loan Limits and Down Payment Details in Groton, New London County, CT
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Loan Choices for USDA and FHA in Groton, CT
Lendersa® aims to give you the most advantageous USDA or FHA loans quickly and without any hassles. Start by choosing any of the three pathways that match lenders with USDA loan programs.
The USDA home loan is a government-guaranteed mortgage offered by the Department of Agriculture. Known also as a USDA rural development loan or mortgage, it is available exclusively in rural areas. Unlike FHA mortgages, which necessitate at least a 3.5% down payment, USDA mortgages require no down payment at all.
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
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.
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.
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
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.
