USDA VS FHA in Salem, New London County, CT

In 2024, USDA loan limit in Salem, county of New London, CT is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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2024 loan limits and downpayment requirments in Salem, county of New London, CT

Loan Type Loan Limit Down payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA loan options in Salem, CT

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

Lendersa USDA loan request and matching results

What is USDA Loan in Connecticut?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • National Mortgage Home Loans LLC
  • 637 East Big Beaver, Suite 213, Troy, MI, 48083
  • The National Mortgage Home Loans Team is comprised of professionals with diverse backgrounds who have carefully been selected to bring strength and skill to our team. Our professionals have developed a reputation for their ability to obtain repeat business by always providing high quality service, second to none!
  • Reliance Financial Group Inc
  • 3501 Rochester Road, Troy, MI, 48083
  • Reliance Financial Group uses the Latest, Secure technologies to Communicate, Pre-qualify, Apply and Close on your loan in the quickest turnaround times. Every employee strives towards giving you quality service and a high level of communiction that keeps you updated & informed every step of the way.
  • Connect Mortgage Funding Inc
  • 525 East Big Beaver Road, Suite 303, Troy, MI, 48083
  • Our nationwide Lending Connections and our local professional Mortgage Brokers allow us to offer our clients a tailored no-hassle mortgage to fit every need and every budget. We attract clients and employees that respect the dedication of an ethical, moral, and professional job well done, we believe that is the ONLY way to do business.
  • Towne Mortgage Company
  • 2170 E Big Beaver Rd, Suite A, Troy, MI, 48083
  • "The Towne Mortgage family of companies'​ mission is to always put our customers first. We pride ourselves on providing superior customer service and work diligently to ensure that we exceed each of our customer’s expectations. We're hiring! Headquartered in Troy, Michigan with over 30 years of experience,"
  • C 4 D Mortgage Company LLC
  • 100 E Big Beaver Rd, Suite 940, Troy, MI, 48083
  • C4D Mortgage, 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.
  • First Ohio Home Finance, Inc.
  • 385 County Line Rd W, Suite 200, Westerville, OH, 43082
  • Since opening its doors in 1996, First Ohio Home Finance, Inc. has established a solid reputation in the banking industry. As a local company, we’re committed to serving the needs of our local customers. That service has earned us an A+ rating with the Better Business Bureau, in addition to other industry awards.
  • MilMar Financial LLC
  • 6535 Rochester Road, Suite 104, Troy, MI, 48085
  • MilMar Financial is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools.
  • Fremont Federal Credit Union
  • 315 Croghan Street, Fremont, OH, 43420
  • The Fremont Federal Credit Union's purpose is to provide our members with the best service while offering a full range of financial services at a fair and reasonable cost. Credit Union business will be carried out in a professional image of honesty, integrity, and confidentiality at all times.
  • Croghan Colonial Bank
  • 323 Croghan Street, Fremont, OH, 43420
  • At Croghan, we understand where you’re coming from. Literally. Because chances are, we were brought up with similar values. Honesty. Hard work. Commitment to family. So we hope you consider us more than just your neighbor. Think of us as friends. Better yet, like family. We’d love nothing more than to be here to listen, guide
  • Credit Union ONE
  • 400 E. Nine Mile Road, Ferndale, MI, 48220
  • Credit Union ONE was founded in 1938 with the goal of providing exceptional value to its members. Today, we remain committed to delivering quality financial services at our 20 branches in Detroit, Grand Rapids & Traverse City.Credit Union ONE was founded in 1938 with the goal of providing exceptional value to its members.