USDA Vs. FHA your options comparison in Gloucester, Essex County, MA
During 2025, 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 2025 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.
Socotra Capital is California's Private Money Lender. As a solution oriented lender we specialize in providing financing for real estate investors throughout California on projects that cannot be financed through traditional methods. Whether it be a bridge loan, fix and flip loan commercial refinance, ground up construction project.
We proudly offer customized products and services to small and medium size businesses in our local area. We supplement our traditional bank loans with government guaranteed options that can provide benefits to our clients that they may not have in our conventional loan product. Our mission is to provide exceptional personal banking services.
Wholesale Direct Lending buying, selling, Refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
"Rafael Jauregui and his staff have dedicated themselves to providing outstanding services to customers involved in the financing of residential real estate
Rafael Jauregui is committed to providing excellence you deserve. From the first-time homebuyer needing down payment assistance to the sophisticated investor"
Welcome to Kappel Mortgage Group! Where you will find mortgage brokers that are experts and understand the local market and rates so that you can ensure you are getting the best deal. Whether you are first time home buyer purchasing your dream home, refinancing an outstanding loan.
I have been providing my customers exceptional customer service for over 15 years I have had several positions in the mortgage industry that have giving me the insight and understanding of the entire loan process. With this knowledge I am able to get loans approved quicker with fewer conditions which lead to a shorter loan process times.
Interlock Home Loans and Real Estate Services Provides real estate services to help our clients find the perfect home. Interlock also provides financing through our top tier lenders. We Interlock the home purchasing process by combing home loan services and real estate services together for an easier process
Jose Valencia as a Broker Associate and owner of JLV Realty and Mortgage with a full Real Estate Service and also a variety loans programs to buy or refinance. Also if you need to sell your home, We will be able to help you. JLV Realty and Mortgage will to work under the principal that the client is always right even though we are also realistic.
Lending for Living is locally owned and operated offering extraordinary loan services for individuals seeking to fulfil their dream of home ownership, refinance or create stability. Years of experience and a knack for the challenging has earned us the reputation of being "VA Specialists" and "Mountain Property Specialists".
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment.
Access Mortgage Services, Inc. has provided Real Estate Loan Services since May of 2000. We provide excellent customer service for the entire loan originating, processing and closing process. As an added benefit, one specific person will handle all needed aspects of your loan from beginning to end
It has been the goal of our company from inception to be the borrower’s advocate and we pride ourselves on personally guiding each and every transaction through the debt or equity placement process from beginning to end. In doing so we provide our clients with outstanding service.
