USDA Vs. FHA your options comparison in Bloomfield, Essex County, NJ
In the year 2025, within Bloomfield of Essex, NJ, the USDA loan cap is set at $0. Meanwhile, a single-family residence can have an FHA cap of $1,089,300.
The Lendersa® USDA loan calculator offers a way to analyze current USDA and FHA top rates, as well as to ascertain the income, credit, reserves, and documentation needed for eligibility. Our state-of-the-art mortgage calculator provides a comparative view of USDA, FHA, Conforming, and VA loans side-by-side, guiding you towards the most suitable program in based on your specific financial capabilities.
2025 Lending Thresholds and Downpayment Information in Bloomfield, Essex, NJ
Loan Type
Loan Limit
Downpayment
USDA
$0
0%
FHA
$1,089,300
3.5%
Conventional Conforming
$1,089,300
3%
Exploring USDA and FHA Loan Alternatives in Bloomfield, NJ
Lendersa® aims to secure the optimal USDA or FHA loan efficiently and with ease. Choose from three starting options that help align with lending products and USDA loan packages tailored to your needs.
A USDA home loan is supported by the U.S. Department of Agriculture, also known as a USDA rural development loan or USDA mortgage. These are exclusively accessible in rural locales and, contrary to FHA loans, require no downpayment, whereas FHA loans mandate a minimum 3.5% downpayment.
Cross River provides technology infrastructure powering the future of financial services. Leveraging a proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending, and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s mos
222 Bridge Plaza South, Suite 400, Fort Lee, NJ, 07024
New Millennium Bank achieved the New Jersey State Banking Charter on July 12, 1999, and opened its doors for business one week later. Currently located in Fort Lee, New Brunswick and Palisades Park, New Jersey, as well as Bayside and Manhattan, New York, and Atlanta, Georgia, New Millennium Bank is your community bank.
Union Building Trades Federal Credit Union, a unique financial institution serving the building trade unions of Northeastern U.S.. Union Building Trades Federal Credit Union is a member owned, not for profit, financial cooperative dedicated to the financial well being of its members.
GAF Linden Employees Federal Credit Union has been open since 1937. The credit union has assets totaling $6.03 Million and provides banking services to more than 500 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups, but primarily serves chemical industry employees.
KEB Hana Bank USA, N.A. is a community bank that provides a range of financial services to customers in New York and New Jersey. As a full-service commercial bank, the Bank provides a wide range of deposit and lending products. The Bank’s lending activities consist primarily of commercial real estate secured loans, owner-occupied real estate loans.
"With our financing programs, business owners have maximum limits determined based on their cashflow and they have access to more funds even before their existing positions are fully paid off. We provide same-day renewals and early pay off discounts for reduced interest. We Provide Fast Business Funding to
Companies in Many Industries."
Jumbo Loan Experts, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
959 Route 46 East, Suite 401, Parsippany, NJ, 07054
HomeLend Mortgage is a direct lender proud to serve you with honesty, integrity, and competence. We provide home loans with the lowest interest rates and closing costs possible. HomeLend Mortgage apart from other digital mortgage & refinance providers is not just our competitive low rates and our robust array of loan programs
959 Route 46 East, Suite 401, Parsippany, NJ, 07054
Kwik Mortgage was founded in 1998 with a commitment to break down the barriers to owning a home & educating homeowners. Kwik Mortgage has helped hundreds of families find ways to accomplish their home ownership needs whether buying a first home or refinancing your current loan. Customizing a mortgage to suit your family’s specific needs is an art.
