USDA and FHA Pro and Con in Wenham, Essex County, MA
For the year 2025, the USDA loan limit applicable in Wenham, situated within Essex county, in the state of MA, is determined to be $675,000. Conversely, the FHA loan limit stands at $828,000 specifically for a single-family residence.
Utilize the Lendersa® USDA loan calculator to effectively compare present-day rates between USDA and FHA loans. This tool aids in understanding the income, credit score, reserves, and document requirements for qualification. With the help of our comprehensive mortgage calculator, you can evaluate USDA, FHA, Conforming, and VA loans concurrently. This side-by-side comparison assists you in finding which program in most suitably aligns with your particular financial landscape.
Loan limitations and downpayment prerequisites for 2025 in Wenham, the county of Essex, MA
Loan Category
Loan Ceiling
Initial Payment
USDA
$675,000
0%
FHA
$828,000
3.5%
Conventional Conforming
$828,000
3%
Discover USDA and FHA loan paths in Wenham, MA
The mission of Lendersa® is to swiftly and effortlessly guide you to the optimal USDA or FHA loan options. Begin with one of three potential starting points which link you to matching lenders and the appropriate USDA loan programs.
A USDA loan is one that the government, specifically the Department of Agriculture, ensures. Also referred to as a USDA rural development loan or simply a USDA mortgage, it is primarily available in rural locations. Unlike its FHA counterpart which necessitates at least a 3.5% down payment, the USDA mortgage requires no down payment at all, facilitating zero upfront cost for borrowers.
We are Texans and focus all of our energy on helping fellow Texans who may be struggling to keep their homes. Mi Casa grew out of our law practice, The Law Offices of Ed Goldner, and will continually operate as a closely held limited liability company.
Our office is centrally located in San Antonio at 1616 San Pedro Avenue
We offer full service loan servicing for private investors. We can service a single loan or a complete portfolio. Assisting small investors is our passion, whether it be whole loans, partial loans, wraps or land loans. We offer easy setup and timely disbursements of investor funds and escrow payments for taxes and insurance.
Founded in 2012, Covey Financial is a Texas-based loan servicer. We service over 8, 000 loans throughout 12 US States and are constantly growing. Our competitive advantage is our simple pricing model. Our clients experience: no setup fees, no laundry list of fees, and no conditional pricing. Covey Financial is a top choice for lenders.
Texas Mortgage Capital Corporation is a premier provider of private money loans and investment opportunities. We specialize in offering tailored financing solutions for a variety of needs including short-term bridge loans, fix-and-flip investments, buy-and-hold investments, refinancing a current loan,
Texas Associations of Professionals Federal Credit Union
9110 IH 10 West, Suite 100, San Antonio, TX, 78230
A Federal Credit Union is a nonprofit, cooperative financial institution owned and run by its members. Organized to serve, democratically controlled Credit Unions provide their members with a safe place to save and borrow at reasonable rates. Members pool their funds to make loans to one-another.
8000 IH 10 West, Suite 600, San Antonio, TX, 78230
Whether you’re 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 company who is able to give you quick and accurate financial advice.
13526 George Rd, Suite 208, San Antonio, TX, 78230
Synergy Home Loans, LLC is a locally owned, full service, mortgage company committed to helping home buyers select the mortgage option that best fits their needs while providing the greatest value. We understand that every borrower is different, and offer a variety of programs and products to meet your individual requirements
Clarity Mortgage was founded by its current President, Geoff Snyder. With over a decade of experience in the lending industry, Geoff and his team can provide any type of loan to their customer base.You can always count on frequent updates and explanations that are easy to understand as we help you navigate through the loan process
