USDA and FHA Pro and Con in Sprague, New London County, CT

In 2024, USDA loan limit in Sprague, 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 Sprague, 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 Sprague, 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?



  • ALFIE
  • 19 Arlington Street, Asheville, NC, 28801
  • ALFIE is a real estate collateral-based lender specializing in creative solutions for individuals looking to purchase or refinance a variety of real estate investments. At ALFIE, we recognize that traditional financing isn't always an option or may not be the right fit for your needs.
  • HomeTrust Bank
  • 10 Woodfin Street, Asheville, NC, 28801
  • HomeTrust is a regional community bank, focused on the areas we serve by providing better financial services and community support. We have more than 40 banking locations across North Carolina, Upstate South Carolina, East Tennessee and Southwest Virginia, as well as banking through online and mobile channels.
  • Plum Dog Financial LLC
  • 218 Patton Avenue, Asheville, NC, 28801
  • PlumDog, we believe the most important decision a client makes is choosing the right mortgage company to assure the best possible results for their investment. When dealing with your largest asset and greatest liability, one quickly understands the need for personalized lending assistance.
  • Lucid Lending
  • 47 Orange Street, Suite B, Asheville, NC, 28801
  • At Lucid Lending we look forward to matching you with the best mortgage program to fit your needs. We know everyone has a different situation, some are more unique that others, and it is important that you work with someone that has the knowledge and experience of the constantly changing mortgage industry.
  • Pathway Mortgage
  • 2117 Boiling Springs Rd, Boiling Springs, SC, 29316
  • "Pathway Mortgage has set itself apart in the South Carolina mortgage lending community through a focus on three core values: honesty, transparency, and customer service. Pathway Mortgage was founded in 1998 in Spartanburg, South Carolina. Over the past twenty years, founder Kevin Love and co-owner Jeff Henry have steadily grown"
  • Meijer Credit Union
  • 2410 Gaynor Avenue NW, Grand Rapids, MI, 49544
  • Meijer Team Members provided the initial capital to establish Meijer Credit Union as a state chartered credit union. Meijer Credit Union initially served Meijer Team Members and their family members in the West Michigan area. Meijer Credit Union’s membership grew to over 14, 000 members located in the communities of which Meijer is apart.
  • KUE Federal Credit Union
  • 1 Quality Street, Lexington, KY, 40507
  • KUE Federal Credit Union has been open since 1976. It's the 25th largest credit union in Kentucky with assets totaling $55.24 Million and providing banking services to more than 3,000 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups.
  • Central Bank of Jefferson County
  • 300 West Vine Street, Lexington, KY, 40507
  • Central Bank traces its roots back to 1938, when the Southern Industrial Loan Company was founded. Soon after that, the name was changed to Central Exchange Bank. In 1946, Garvice D. Kincaid purchased Central Exchange Bank and shortened the name to Central Bank. We’ve grown significantly from our humble beginnings at the corner of Short
  • HSLC - Lexington Loan Production Office
  • 444 E Main St 106, Lexington, KY, 40507
  • We offer loan services in Lexington while providing mortgage industry expertise in their next purchase or refinance. Our loan services include residential and commercial loans. Whether you're looking to buy a new home or car, purchase commercial property, buy farmland or farm equipment, you can get started with The Home Savings and Loan Company.
  • Central Kentucky Ag Credit
  • 640 S Broadway, Lexington, KY, 40508
  • Central Kentucky Agricultural Credit Association is an agricultural lending cooperative owned by its member‐borrowers. It provides farm loans for land, equipment, Livestock and production and rural home mortgages. Ag Credit serves the 17 counties of central Kentucky with seven branch locations. Ag Credit is part of the national Farm Credit System.
  • Jim Mischner
  • 644 North Broadway, Lexington, KY, 40508
  • Jim Mischner is a "private mortgage" lender. He loans his own money to real estate investors who either are purchasing non-owner occupied properties or are refinancing the non-owner occupied properties they already own. These properties include commercial, multi-family and all rental properties. Lending $20, 000 - $4, 000, 000 and CLOSE IN 10 DAYS!
  • Lighthouse Mortgage
  • 932 Hendersonville Rd, Suite 201, Asheville, NC, 28803
  • Lighthouse Mortgage is a Mortgage Lender/Broker licensed in North Carolina. It is our goal to be the best at what we do. We will at all times provide our borrowers with outstanding customer service. We will treat each client with the respect and dignity that we would wish to be treated with.