USDA Vs. FHA your options comparison in Gloucester, Essex County, MA
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 .
Loan limits and down payment requisites for 2026 in Gloucester, Essex, MA
Loan Category
Limit on Loan
Minimum Down Payment
USDA
$675,000
0%
FHA
$828,000
3.5%
Conventional Conforming
$828,000
3%
Exploring USDA and FHA Loan Alternatives in Gloucester, MA
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.
BankGloucester was founded in 1887 as a cooperative community bank to serve the people of Cape Ann. Since that day, we’ve grown considerably, both in size and in our product offerings, yet our commitment to quality customer service remains the cornerstone of our bank. Our commitment to offering products in a highly personalized way.
BauerFinancial, an independent financial institution rating firm has awarded Beverly Credit Union it’s highest rating, five-stars. This superior ranking is reserved only for the strongest and most stable financial institutions in the Nation. Beverly Credit Union earned this score due to our solid financial footing and continual enduring financial p
100 Cummings Center, Suite 544H, Beverly, MA, 01915
Lends in Massachusetts
GoldCoast Mortgage To make certain that you succeed at your real estate goals.To do so we need to learn your objectives. We genuinely enjoy learning about your goals and seeing if we can help We won’t chase, sell, or obligate you. Ever. If your goals lead you to another mortgage lender or bank we will support the decision to pursue that path.
Founded in 1871, Marblehead Bank has been helping generations of families on the North Shore, grow and prosper. We help lead them to brighter and financially sound futures. Today, we’re one of North Shore’s finest banks. We hope to be given the opportunity to show you how much we care!
Clipper Commercial Capital, LLC is an advisory firm based in greater Boston, providing capital solutions for small and mid-size business nationwide. We work closely with a network of national bank and non-bank financial institutions to offer competitive rates, market knowledge, and specialized lending solutions.
Incorporated in April of 1831 as the Grand Bank, later renamed the National Grand Bank, we officially opened our doors on November 18, 1831. That day we recorded $1, 500 worth of deposits and started our commitment to providing the citizens and businesses of Marblehead with the best service and banking products available.
We have been in business since 1988 and have helped thousands of homeowners purchase their new home, refinance into a lower rate, or get cash for home improvements, investments, business, debt consolidation, and college. Call us and see what the Stepstone Advantage is all about. We will strive to find the right mortgage product for you.
At Salem Five, we understand the importance of helping our communities. Through the Salem Five Charitable Foundation, we are committed and continue to support a variety of community organizations ensuring vibrant and viable futures for the people whom these critical organizations serve.Salem Five is owned & operated for the benefit of its customers
Commonwealth Mortgage NewFED™ Mortgage Corporation is not the only way to get your home financed, but it should be. We treat each customer the way we would like to be treated. We have great support and sales staff who want to prove to you that we can get the job done each and every time you need financing.
