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.
1405 Southwest 107 Avenue, Suite 301E, Miami, FL, 33174
With over 50 years of combined experience in mortgages we are experts in our field and will help structure a loan for you no matter what your situation. We have the latest technology that allows us to give you the best customer experience during what can be a very stressful time. Most often times this will be the biggest financial decision
A great deal has changed since Exchange Bank was chartered in 1894. Most notably, technology is now a central part of people’s daily lives. Mobile banking, facial recognition software, and paperless payments are the new normal, allowing customers to accomplish tasks from virtually anywhere, at any time.
We believe in celebrating the hard work, innovation, courage, and determination of our clients, whether they're applying for a new business loan or opening up their first savings account. We get to know our clients so we can help guide them on the best path possible. We built American National Bank over 100 years ago with the same curiosity.
Goodman Mortgage Corporation is a locally owned and operated Mortgage Brokerage with over 30 years mortgage and lending experience. We have a personal interest in the people and families in the Nebraska and Iowa area. It has always been and always will be our community, too!
We have the experience to identify.
Finance1 provides professional mortgage service, helping you find accurate answers to important questions regarding mortgage rates, refinancing, savings, and smart investment options. We protect your best interest, so whether it be refinancing a current mortgage or purchasing a new home, we have you covered through a quick and informative process.
We’re a small team of mortgage professionals who understand not only how to get you approved for your mortgage—but also how the mortgage you choose affects your overall financial future. We treat your mortgage like any other investment, helping you find the right loan for your family’s individual financial situation, needs and goals
With more than 100 years of banking history behind it, Vantage Bank brings a diverse wealth of experience to its customers. Now in two great locations and with 12 employees, Vantage Bank continues to provide personal customer service while modernizing aspects of the bank to benefit its customers’ needs.
Omaha Federal Credit Union opened for business April 1, 1935, to serve the financial needs of the Omaha community. Membership is open to anyone living or working in Douglas, Sarpy or Washington counties in Nebraska and Pottawattamie County in Iowa.
Omaha FCU offers a full range of financial services, including mobile
Gershman Mortgage is among the largest mortgage companies in the Midwest, licensed in 11 states, with offices in 7. The company was founded in St. Louis, MO by Solon Gershman in 1955. Since then, the company has grown to be one of the only independently-owned and operated mortgage companies nationwide offering residential,
We at Syntax Mortgage, are completely independent mortgage brokers and our directory of lenders gives you all the options needed to purchase and/or refinace you home. Our goal is to provide access to various types of home loans with competitive interest rates. We get you into the right loan at a great price, fast.
"At Southeast Florida Residential Mortgage Corp, we understand that our clients have unique needs. For this reason, we provide on-on-one service to determine the most suitable mortgage solution for our clients’. We offer a variety of loan products to clients throughout Florida Conventional Loan
Federal Housing Administration (FHA) Loan"
