USDA Vs. FHA your options comparison in Saugus, Essex County, MA
In 2026, the USDA loan limit in Saugus, situated in Essex county, MA, is capped at $675,000, while the FHA loan limit for a single-family home is $828,000.
Take advantage of the Lendersa® USDA loan calculator to compare the optimal USDA and FHA rates available today, helping you ascertain the income, credit, reserves, and necessary documents to qualify. With our sophisticated mortgage calculator, you can see side-by-side comparisons of USDA, FHA, Conforming, and VA loans, assisting you in choosing the perfect program for your specific financial circumstances in .
2026 Loan Limits and Down Payment Requirements in Saugus, Essex, MA
Loan Type
Loan Cap
Down Payment
USDA
$675,000
0%
FHA
$828,000
3.5%
Conventional Conforming
$828,000
3%
USDA and FHA Loan Alternatives in Saugus, MA
The objective at Lendersa® is to swiftly secure the best possible USDA or FHA loan for you without hassle. Begin with one of three starting points that connect you with lenders offering USDA loan programs.
A USDA home loan is a government-backed mortgage facilitated by the Department of Agriculture, known as a USDA rural development loan, offered only in rural areas. In contrast to FHA loans requiring a minimum down payment of 3.5%, USDA loans demand no down payment.
RiverWorks Credit Union, a non-profit financial institution owned by our membership and established in 1936. River Works Credit Union’s primary objective is to function as an independent, full service Credit Union dedicated to offering competitive and affordable products to its members in a highly personalized manner.
Since 1910, we’ve offered an array of comprehensive and affordable banking programs to help individuals, families, and business owners reach their goals. Though we have grown over the years, we have remained true to our mission to fulfill the needs of our diverse membership with the utmost integrity and privacy
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
The Massachusetts Family Federal Credit Union was chartered in 1926 for the purpose of providing savings and loans to postal employees. Since our modest beginning, the financial markets have changed dramatically, but the philosophy of the credit union has remained constant.” Your membership is our most valued asset.
Brotherhood Credit Union offers its members a full service website that allows for true "Banking from Home" functionality. Users have the ability to get account balance and history reports, transfer money between accounts, make bill payments, and so much more. Brotherhood Credit Union has been serving its members in and around the Lynn, MA.
Community Credit Union We offer free pre-qualifications, so you can shop for your home with peace of mind knowing that you’ll be within your budget. One of our Mortgage Lending Representatives can walk you through your options and the mortgage process step by step. No surprises, just low rates and unmatched service.
Wakefield Co-operative Bank is continually expanding our personal and business banking services, our residential and commercial lending, and our supplementary digital services to better enable our customers to manage their finances. We foresee great opportunity for deposit, lending, and financial services growth and are optimistic.
The Lynn Teachers’ Credit Union has been in existence since 1935. We have consistently been available for the needs of our members and will continue to do so. We offer the convenience of payroll deduction for both savings and loans. We offer prompt, courteous service to all of our members and prospective members
The Savings Bank is a community bank founded back in 1869 and is headquartered in Wakefield, Massachusetts in the heart of Middlesex County. TSB offers a complete range of both Commercial and Consumer banking products and has eight full-service branches. Member FDIC, Member DIF, and Equal Housing Lender.
