USDA and FHA Pro and Con in Preston, New London County, CT
In 2026, the USDA loan limit in Preston, within New London, CT, is $336,500, whereas for a single-family home, the FHA limit is $472,030.
Leverage the Lendersa® USDA loan calculator to help compare today's top USDA and FHA rates, identifying the income, credit, reserves, and documentation needed to qualify. With our advanced mortgage calculator, you can view USDA, FHA, Conforming, and VA programs side by side, aiding in selecting the best option in for your financial situation.
Loan Limits and Downpayment Requirements in Preston, New London, CT for 2026
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Preston, CT
Lendersa® aims to secure for you the best USDA or FHA loan quickly and without hassle. Choose one of three pathways that match you with lenders and affordable USDA loan programs.
A USDA home loan is backed by the government via the Department of Agriculture and is also known as a USDA rural development loan or USDA mortgage, available exclusively for rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, USDA loans require no down payment.
Jewett City Savings Bank is a community bank providing financial services to consumers & businesses in eastern Connecticut. The Bank currently operates 7 full-service offices along the I-395 corridor in Jewett City, Brooklyn, Dayville, Plainfield, Preston, Putnam & in Pawcatuck. Founded in 1873. Member of the Federal Deposit Insurance Corporation.
Scient Federal Credit Union is a member-owned, federally insured credit union that has been serving the needs of life science professionals and their families since 1968. Built upon the philosophy of “people helping people, ” Scient works to improve the quality of our members’ lives by providing tailored products
Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and a Loan Production Office in Hartford County. The Bank has over $1 billion in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island. To learn more, please visit chelseagroton.com
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Lawrence Memorial Hospital Employees Federal Credit Union was organized under the laws of the United States in 1959 as a federally regulated co-operative whose sole purpose is to render financial services to its membership. Therefore, we operate exclusively for the benefit of our members who have access to a full range of financial services.
At Gateway Mortgage Services, LLC, our 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
