USDA and FHA Pro and Con 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.
World Trade Mortgage is a Pennsylvania Mortgage Broker located in Chester County. Our Senior Management has over 20 years of experience in the mortgage industry and related financial fields. Since inception we have focused on building our business one mortgage at a time. We value each and every customer
1521 Concord Pike, Suite 100, Wilmington, DE, 19803
Newrez LLC (Newrez) is a leading nationwide mortgage lender and servicer. As a lender, NewRez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience.
Brandywine Valley Mortgage is an independent broker that puts our customer needs before anything else. We have relationships with dozens of wholesale lenders to ensure we provide our clients with the best mortgage products available. Every mortgage is our niche, not just one product. We do what your bank doesn't, put you firs.
5 Hillman Drive, Suite 100, Chadds Ford, PA, 19317
Franklin Mint Federal Credit Union has provided financial products and services to its members in the greater Philadelphia region and beyond since 1970. FMFCU presently ranks ninth in asset size among Pennsylvania credit unions and remains the largest financial institution headquartered in Delaware County, Pennsylvania. FMFCU has 100, 000 members
225 Wilmington West Chester Pike, Suite 200, Chadds Ford, PA, 19317
At R.H.Cooper Ltd., we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible.We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders
5 Hillman Drive, Suite 300, Chadds Ford, PA, 19317
"State Financial Network (SFN) is a wholly owned Credit Union Service Organization (CUSO), offering a unique blend of credit union philosophy and mortgage lending and servicing expertise.
SFN has a nationwide servicing portfolio and a staff trained to handle your members in a personal, professional and efficient manner – just as you would."
Concord Home Mortgage we have world class technology that allows you to enjoy a totally digital mortgage process, we are also happy to give world class service and walk you through every step of the process. We enjoy getting to know our customers whether it be over the phone or face to face in our office in Chadds Ford, Pennsylvania.
At Visions, we condemn racism, violence, discrimination, and hatred toward any person or persons. It is in our foundation as a credit union to accept and serve all members equally, regardless of their race, social status, or financial position This spirit of inclusion extends to our homes and our employees, too.
