USDA Vs. FHA Pro and Con comparison in Montville, New London County, CT
In the year 2025, the USDA loan ceiling in Montville, located in the county of New London, CT, is set at $336,500; meanwhile, the FHA limit for a standalone residence is pegged at $472,030.
Employ the Lendersa® USDA loan tool to juxtapose today's optimum USDA and FHA interest rates. This will help you ascertain the necessary income, credit score, reserves, and the paperwork required to become eligible. With our sophisticated mortgage calculator, you can observe USDA, FHA, Conforming, and VA options in parallel, aiding you in selecting the most suitable program for your specific financial circumstances in .
2025 loan thresholds and down payment specifications in Montville, county of New London, CT
Loan Variant
Loan Threshold
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Traditional Conforming
$726,200
3%
USDA and FHA loan alternatives in Montville, CT
The mission of Lendersa® is to ensure you acquire the quickest and most convenient USDA or FHA loan experience. Start with one of our three primary pathways to connect with compatible lenders and USDA loan schemes.
A USDA home loan is one that receives backing from the U.S. Department of Agriculture, often referred to as the USDA rural development loan or USDA mortgage, exclusive to rural locales. In contrast to FHA loans, which necessitate a minimum deposit of 3.5%, USDA loans completely waive any initial payment requirement.
Global Funding Group, LLC is a private lending company for commercial real estate projects. If you are looking for a fast and easy alternative to fund your next flip, look no further. With our transparent terms & conditions, online application process, and quick response times, Global Funding Group is the obvious choice for funding.
The Metropolitan District Employees' Credit Union (MDECU) was founded for and by the employees of the MDC in 1955 to serve the financial needs of the MDC employees and their families. In the first quarter of 2004, the field of membership was extended as defined by the General State Statutes TO INCLUDE employees.
We are a cooperative, a group of people who’ve joined together to develop our own organization for checking, savings, and borrowing money. Each member has one vote, and for over almost 70 years– we have offered financial opportunities to Hartford firefighters active or retired and their families.
Being a member of Franklin Trust Federal Credit Union allows you to access your banking needs any time of day, seven days a week . We offer a diverse array of traditional and online services to stay connected 24/7! Franklin Trust Federal Credit Union is now a Community-Chartered credit union.
Cencap Federal Credit Union is the new and improved Hartford Municipal Employees Federal Credit Union. Our ideals are the same as when we started in 1950, but our vision for the future and services we offer demanded we keep up with the times. We have been working hard to help our members fulfill their hopes, dreams and become financially secure.
For over 80 years, Achieve Financial Credit Union has been dedicated to providing credit union members with added financial value to their lives by providing them with fast, easy and convenient services. Achieve Financial Credit Union has been improving the financial lives of our members since 1934.
We have been in the Real Estate and Mortgage service business for over 20 successful years. This longevity and confidence comes from our Real Estate & Mortgage services to a great many buyers and sellers, and their recommendations to others that result in repeat referral business.
We are an independent mortgage brokerage company! This means we work with multiple wholesale lenders and are not tied into just one set of programs or interest rate offerings like a bank. What this means to you is confidence that your personal mortgage broker is able to offer you the lowest terms available at the lowest cost in fees.
Wellness Federal Credit Union has been successfully serving 1000 of members in the healthcare field over 60 years.Wellness Federal Credit Union serves the primary financial needs of members & their families in the healthcare arena & the community. The credit union will provide financial products & services in a professional, friendly atmosphere.
The CSE Credit Union is a cooperative thrift & loan association, owned and managed by its members for their mutual benefit. We are a full-service, state- chartered financial institution with seven locations across Connecticut. CSE Credit Union provides excellent rates on savings while also offering a full line of competitively priced loan products.
"First World Mortgage is known as one of the leading mortgage lenders by real estate professionals, builders, and individual homebuyers throughout CT, MA and RI.
We are a full-service mortgage lender with expert staff in every area of mortgage lending. From purchase loans and refinancing to construction and home renovation loans,"
Superior Rate Mortgage Of New England, 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 & your family from the many mortgage options
