USDA Vs. FHA your options comparison in Old-Lyme, New London County, CT
For 2025, the USDA loan cap in Old-Lyme, located within New London, CT, amounts to $285,000, whereas the FHA cap for an individual family residence is set at $356,362.
By utilising Lendersa®'s USDA loan calculator, you can directly compare current USDA and FHA top rates, understanding the income, credit score, reserves, and necessary documentation for qualification. This advanced mortgage tool displays USDA, FHA, Conforming, and VA loans side by side to aid in choosing the most suitable program in for your specific financial needs.
2025 loan caps and downpayment specifications in Old-Lyme, New London, CT
Loan Type
Loan Limit
Down payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA loan alternatives in Old-Lyme, CT
The mission of Lendersa® is to provide you with an optimal USDA or FHA loan swiftly and with ease. Choose from three pathways, each leading to a match with suitable lenders and USDA financing opportunities.
A USDA home loan, endorsed by the government's Department of Agriculture, often referred to as a USDA rural development loan or USDA mortgage, is designed for rural locations. Differing from FHA loans, which necessitate at least a 3.5% down payment, the USDA mortgage requires no down payment at all.
Gateway was founded in 2000 by J. Kevin Stitt, who didn’t have much more to start with than $1,000, a computer, and lofty dreams about what a mortgage company could be. Kevin began his career in the mortgage industry, and his vision to help families and communities grow stronger through home ownership.
1800 Jimmy Davis Highway, Suite B, Bossier City, LA, 71112
Cherry Mortgage, LLC is owned and operated by Tanya Corbett (NMLS # 100655) a military spouse who understands the struggles of military living as well as the benefits. Licensed in Louisiana to assist in obtaining financing for all your residential mortgage needs. We specialize in VA loans, FHA loans, USDA loans.
Our mission statement "We Help People Succeed" is our duty and our responsibility to you, our Members. We continually strive to be the best at what we do & help those who are often ignored or pushed away by other institutions. The Credit Union philosophy of self-help, self-support & promotion of thrift has not changed since our beginning in 1954.
First State Bank was established almost as soon as the town of Hordville started. The bank’s charter is dated September 10, 1906. The building materials were all hauled from Stromsburg by team and wagon. While the building was in progress, the bank operations were transacted in the drug store building as was the post office.
The Farmers State Bank, the second bank established in Quinton, opened for business on April 7, 1908. A small wood frame building provided temporary facilities for the bank at that time.
In 1929, stockholders purchased The First National Bank of Quinton and Kinta State Bank, consolidating assets under the state charter of Farmers State Bank.
Morgan City Bank was established in 1954, and the doors first opened for business on January 20, 1955. The original office was located in Morgan City on Front Street. By that we mean whenever you walk into an M C Bank branch, you can expect to receive the attention and respect you deserve and the helpful, customized advice you seek.
Exchange Bank, we have a very strong commitment to our community. We offer unsecured, secured, vehicle and other personal loans, and work with you to create terms that best meet your needs and at very competitive rates. We are locally owned and locally staffed – decisions about your loan request will be made right here, in a timely manner.
City Bank was established in Natchitoches in 1933 and has been an integral part of this historic community for over 85 years. The City Bank family constantly strives for excellence and we pride ourselves on the personal services we offer to all of our customers. As a City Bank customer, you will benefit from a full range of services.
