USDA Vs. FHA Pro and Con comparison in Rockport, Essex County, MA
In 2025, the USDA loan cap for Rockport, in the county of Essex, MA, stands at $675,000. In contrast, the FHA loan limit for a single-family home is established at $828,000.
The advanced Lendersa® USDA loan calculator offers a comparison of the current best USDA and FHA rates, allowing you to identify the necessary income, credit, reserves, and documents needed for qualification. By providing a comprehensive view of USDA, FHA, Conforming, and VA loans side by side, the calculator supports your decision-making in determining which program is optimal for your unique financial circumstances in .
Understanding 2025 loan limits and down payment requirements in Rockport, found in the county of 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 Rockport, MA
Lendersa® strives to facilitate a straightforward and efficient process for securing a USDA or FHA loan that best meets your needs. Begin by selecting from three starting points that align with suitable lenders and USDA loan offerings.
The USDA home loan, backed by the U.S. Department of Agriculture, commonly referred to as the USDA rural development loan or USDA mortgage, is available exclusively within rural areas. Unlike FHA loans that necessitate a minimum down payment of 3.5%, the USDA mortgage requires no down payment. This aspect particularly appeals to eligible applicants who lack substantial upfront funds, making these loans an advantageous option for many.
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