USDA Vs. FHA Pro and Con comparison in Old-Mystic, New London County, CT
In the year 2025, the USDA loan ceiling for Old-Mystic, located in New London county of CT, is $285,000, whereas the FHA limit for a single-family home is pegged at $356,362.
Make use of the Lendersa® USDA loan calculator to compare the most favorable rates between USDA and FHA as of today, enabling you to determine the income, credit, reserves, and documentation required for eligibility. Our advanced mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA options, helping you choose the best fit for your financial needs in Alabama.
2025 Loan Limits and Down Payment Requirements in Old-Mystic, County of New London, CT
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Old-Mystic, CT
Lendersa® is dedicated to securing the best USDA or FHA loan for you swiftly and smoothly. Choose one of three starting pathways to connect with the right lenders and USDA loan programs.
A USDA home loan is a government-backed mortgage by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, applicable only in rural areas. Unlike FHA loans that require a down payment of at least 3.5%, USDA loans need no down payment.
Greenwich Municipal Employees Federal Credit Union
439 West Putnam Avenue, Greenwich, CT, 06830
Our Mission is To provide and promote the use of a variety of financial services which incorporate particular benefits, consumer advantages and features not otherwise readily available to our members with the specific intent of helping our members gain some extra measure of personal financial success.
Strategy Mortgage represents national, regional & local lenders in order to provide you with the most competitive rates available. We close loans on time and at the locked rate. Closing costs & detailed program disclosures are discussed up front and there are NO hidden fees. Strategy Mortgage is a mortgage brokerage licensed in CT, NY, MA, and FL.
777 West Putnam Avenue, 3rd Fl B-2, Greenwich, CT, 06830
Knighthead Funding, LLC ("Knighthead") is a real estate finance company specializing in loans for acquisition, renovation, construction and refinancing secured by a broad range of real estate assets. Knighthead originates loans for its managed real estate debt funds and Knighthead Annuity & Life Assurance Company
Greenfield Savings Bank has stayed true to its mission to provide a secure place for local residents to save and to access financial products and resources. Today, we continue that commitment with offices throughout Franklin and Hampshire Counties and through online and mobile banking.
BMECU now offers now offers 24/7 mortgage approvals on-line with MortgageClick®, a full-service mortgage approval solution. Even before starting the application you can research loan options based on your financial information. MortgageClick® also contains loan calculators and educational information on the home-buying process
Lee Bank Our vision is to remain an independent full service bank, provide premier financial services, and deliver a level of customer service that is superior to any other business you may deal with. Because of our independence, we make all our decisions locally, and offer flexible products and services to meet your specific needs
As a mortgage broker with more than 20 years of experience, Value Mortgage has the dedication and know how to get almost any transaction done. Whether you’re refinancing your house or purchasing your very first home Value Mortgage Corporation can help you with all your home financing needs.
Bethpage Federal Credit Union has been serving its members and their communities for 80 years. Just like when we first opened our doors for Grumman employees in 1941, we’re keeping our promise to continuously meet the changing needs of our members with personal service and value.
At City Island Associates, inc., 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 place loans with a variety of lenders.
