USDA Vs. FHA Pro and Con 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.
1343 Sullivan Avenue, 2nd Floor, South Windsor, CT, 06074
Since 1997 Money Market Mortgage, LLC has been in the business of residential and commercial mortgage origination. We are a company that serves individuals and companies who need a Mortgage Broker and/or Mortgage Lender and have built our business on a deep understanding of the needs of our community.
1750 Ellington Road, Bldg. 3, South Windsor, CT, 06074
Precision Mortgage, LLC is located in South Windsor, Connecticut and is a full service Mortgage Lender with experienced Mortgage Bankers offering expertise in every area of mortgage needs. We provide mortgage loans from purchase, refinance, renovation, to constrution lending. We are commited to building a strong reputation
Bridge Loan Network is a leading online marketplace serving the asset-based lending space. We provide a centralized platform that aggregates loans from borrowers and brokers to direct hard money lenders.Bridge Loan Network is a leading online marketplace serving the asset-based lending space. We provide a centralized platform that aggregates loans
TLOA Mortgage is an asset-based private lending company offering competitive rates, fast underwriting, and reliable access to capital. We specialize in private mortgage solutions tailored to meet your needs, with a focus on speed and expertise. Backed by years of industry experience, our expert team is committed to making private mortgage lending e
1027 Farmington Avenue, Suite 100, Farmington, CT, 06032
Welcome to CT Liberty Mortgage, LLC! We are a full service mortgage company located in Farmington, CT. We also serve the surrounding cities of Southington, Plainville, Bristol, New Britain, Canton, Granby, or anywhere else in Connecticut. Whether you are buying a home or refinancing, we can help you realize your dream of home ownership,
Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
At MJ Mortgage Services, LLC. We are a full-service mortgage company based in West Hartford, Connecticut. We specialize in Home Purchase Loans and Refinance in West Hartford. We also serve the surrounding cities in Hartford County. Whether you are buying a home or refinancing in the zip code 06117
A full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates.
