During 2026, the USDA loan limit in Gloucester, located in the county of Essex, MA, has been set to $675,000, whereas the FHA loan limit for a single-family dwelling reaches $828,000.
By using the Lendersa® USDA loan calculator, you can effectively compare the prime rates of USDA and FHA loans available today. This tool helps you ascertain the requirements such as income, credit, financial reserves, and necessary documentation needed to qualify. Our state-of-the-art mortgage calculator lays out USDA, FHA, Conforming, and VA loans side by side, guiding you to determine the most advantageous program tailored to your specific financial needs in
Compare loan packages from a network of 100 lenders
| Loan Category | Limit on Loan | Minimum Down Payment |
| USDA | $675,000 | 0% |
| FHA | $828,000 | 3.5% |
| Conventional Conforming | $828,000 | 3% |
Lendersa® aims to provide you with the most suitable USDA loan or FHA loan, quickly and effortlessly. Select from three initial pathways which match you with lenders offering various USDA loan programs.
A USDA home loan, guaranteed by the governmental Department of Agriculture and also known as a USDA rural development loan or USDA mortgage, is available only in rural areas. This differs from FHA loans which require a minimum down payment of 3.5%, as USDA loans do not demand any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
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