USDA VS FHA in Groveland, Essex County, MA

As of 2025, the USDA loan cap in Groveland, within Essex, MA, reaches $675,000. At the same time, the FHA ceiling for a single-family residence is $828,000.

Use the Lendersa® USDA loan calculator to assess the best current rates between USDA and FHA options, determining the required income, credit score, reserves, and documents for eligibility. Our cutting-edge mortgage calculator offers a side-by-side comparison of USDA, FHA, Conforming, and VA programs in to guide your choice for the most fitting financial solution.

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2025 Loan Limits and Down Payment Details in Groveland, Essex, MA

Loan Type Loan Limit Down Payment
USDA $675,000 0%
FHA $828,000 3.5%
Conventional Conforming $828,000 3%

Exploring USDA and FHA Loan Options in Groveland, MA

Lendersa® is committed to swiftly securing the most advantageous USDA or FHA loan options, hassle-free. Choose from three initial approaches, connecting you to the appropriate lenders and USDA programs.

Lendersa's matching results for USDA loan requests

Understanding USDA Loans in MA

The USDA home loan, guaranteed by the Department of Agriculture, also referred to as a USDA rural development loan or mortgage, is specifically for rural areas. Unlike FHA loans which demand a down payment of at least 3.5%, a USDA mortgage necessitates no down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



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