USDA Vs. FHA Pro and Con comparison in Andover, Essex County, MA
As of 2025, the USDA loan limits in Andover, located in Essex county, MA, are registered at $675,000, while the FHA caps stand at $828,000 for single-family homes.
Utilize the Lendersa® USDA loan calculator to assess and contrast the optimal USDA versus FHA rates available today. Identify the income requirements, credit levels, reserve amounts, and necessary documentation for qualification. Our enhanced mortgage calculator offers a side-by-side display of USDA, FHA, Conforming, and VA loans, guiding you to select the right program in for your specific financial circumstances.
2025 Loan Caps and Down Payment Obligations in Andover, Essex, MA
Type of Loan
Maximum Loan Amount
Down Payment Percentage
USDA
$675,000
0%
FHA
$828,000
3.5%
Conventional Conforming
$828,000
3%
Exploring USDA and FHA Loan Possibilities in Andover, MA
Here at Lendersa®, our mission is to provide you with the most advantageous USDA or FHA loan quickly and without any trouble. Choose from three starting points to connect with matching lenders and USDA loan options.
A USDA home loan is backed by the U.S. Department of Agriculture, commonly known as the USDA rural development loan or USDA mortgage, and is solely accessible for rural neighborhood properties. Unlike FHA loans, which mandate a minimum of 3.5% down payment, the USDA mortgage requires no down payment whatsoever.
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