FHA Vs. USDA loan program for Salem, Essex County, Massachusetts

During 2026, the USDA loan cap in Salem, Essex county, MA is $675,000, whereas the FHA limit for a single-family home is set at $828,000.

Use the Lendersa® USDA loan calculator to contrast the best USDA vs. FHA rates available today and to figure out the income, credit, reserves, and documentation needed to qualify. With our advanced calculator, you can view USDA, FHA, Conforming, and VA options side by side, aiding you in selecting the best program for your financial situation in .

USDA and FHA Loan Options in Salem, MA

The mission of Lendersa® is to secure the most suitable USDA or FHA loan swiftly, without any hassle. Choose from three starting points to connect with lenders and explore USDA loan programs.

Lendersa USDA loan request and matching results

Explaining the USDA Loan in MA

The USDA home loan, also known as a USDA rural development loan or USDA mortgage, is guaranteed by the Department of Agriculture and exclusively available in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans need no down payment.

Get top 10
USDA LENDERS
customized to yout needes

(617) 717-6100 Lender's profile and map Reviews Ethic, a Wealth Bank 125 High Street, 17th Floor, Boston, MA, 02110 We created Ethic, A Wealth Bank to fulfill a need. People want to feel connected, understood, and valued. We understand this only can be accomplished through building meaningful and long-lasting relationships, which is why relationships are at the heart of all we do. Our mission is to provide clients with advice, tools, services and solutions.
(800) 327-8376 Lender's profile and map Reviews Eastern Bank 265 Franklin St, Boston, MA, 02110 Our history goes back over 200 years. We offer banking, investments, and insurance all under one roof, and we pride ourselves on working harder to understand our customers’ needs so we can deliver these services in a committed and personal way. Founded in 1818 and headquartered in Boston
(844) 947-2848 Lender's profile and map Reviews Own Up 101 Arch Street, Suite 410, Boston, MA, 02110 Our founders used to be mortgage bankers, yet they didn’t go to their own bank to get a mortgage. Their expertise enabled them to pursue better financial outcomes elsewhere. They built Own Up to allow you to get your mortgage the same way they did. We use technology to simplify the home financing process.
617 947 8070 Lender's profile and map Reviews Raymond C. Green Companies 155 Federal St, Ste 1300, Boston, MA, 02110 The Raymond C. Green Companies is a direct, private lending organization located in Boston, MA. We provide fast, short term financing to builders, developers, and real estate investors throughout New England. Our borrowers are primarily those in need of closing quickly, and/or those seeking alternatives to traditional bank financing.
(617) 591-6710 Lender's profile and map Reviews Health Alliance FCU 230 Highland Avenue, Somerville, MA, 02143 The Health Alliance Federal Credit Union (HACU) began as the Somerville Hospital Employees Federal Credit Union. Our first President, Jim Mahoney and the Board of Directors had a vision to provide a cooperative means of savings and lending to the employees of the Somerville Hospital. Each member purchased shares and thus began the credit union in S
(617) 625-8411 Lender's profile and map Reviews Somerville School Employees Federal Credit Union 100 Highland Avenue, Somerville, MA, 02143 Somerville School Employees Federal Credit Union is limited to the select employee group composed solely of individual employees of the city of Somerville, Massachusetts, who are paid from the payroll of the city of Somerville, Massachusetts and who work for the Somerville School Department.
(617) 547-3144 Lender's profile and map Reviews Naveo Credit Union 493 Somerville Ave, Somerville, MA, 02143 Naveo is a local not-for-profit community financial institution focused on serving its members/owners. Our mission is to assist our members with their financial needs by providing them with products and services they need in a friendly, inviting environment. As stated in our motto of “Saving Together to Lend to Each Other, ” we take member deposits
(617) 551-2462 Lender's profile and map Reviews East Cambridge Savings Bank 292 Cambridge Street, Cambridge, MA, 02141 East Cambridge Savings Bank is a full-service mutually-held savings bank that believes in connecting with customers. The Bank was established in 1854 and is dedicated to providing businesses and individuals with a full line of banking services in the communities it serves. Headquartered in Cambridge, the Bank has locations in Arlington.
(617) 666-4700 Lender's profile and map Reviews Middlesex Federal Savings 1 College Avenue Davis, Somerville, MA, 02144 Middlesex Federal Savings is a full-service community bank headquartered in Davis Square Somerville, Massachusetts. It was established in 1890 as West Somerville Cooperative Bank. More than 130 years later, Middlesex Federal has grown from its modest beginnings. Established with only $840.20 in assets,
(617) 625-0898 Lender's profile and map Reviews Somerville Municipal Federal Credit Union 236 Holland St, Somerville, MA, 02144 Established on May 28, 1941, Somerville Municipal Federal Credit Union was started by people who were committed to helping their fellow City of Somerville employees save for retirement in an age when pensions were non-existent. In the 1960's, membership was extended to employees of the Somerville Housing Authority
(617) 342-6154 Lender's profile and map Reviews Cabot Boston Credit Union 2 Seaport Ln, Suite 1400, Boston, MA, 02210 "Cabot Boston Credit Union has been open since 1941. The credit union has assets totaling $7.32 Million and provides banking services to more than 800 members. Cabot Boston Credit Union Providing services to Cabot US Based Employees since 1941. Cabot Boston Credit Union (inc) is located in Boston, MA, United States."
(267) 816-4388 Lender's profile and map Reviews Philly Hard Money Loans 300 A Street, Suite 101, Boston, MA, 02210 Philly Hard Money Loans is an affiliate of Crowd Lending Inc. PHML is a Local Direct Hard Money Lender. PHML provides fast, flexible, and direct funding to investors, builders, and developers for investment real estate.PHML directly funds the acquisition and renovation of investment real estate.