USDA and FHA Pro and Con in Boonton, Morris County, NJ

In 2025, the USDA loan limit for Boonton, within Morris county, NJ, is set at $776,600, while the FHA limit is $1,089,300 for a single-family property.

Utilize Lendersa® USDA loan calculator to explore the best rates available today between USDA and FHA loans. Identify the necessary income, credit, reserves, and documentation required to qualify. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA loans side by side, helping you determine which program in Alabama aligns with your specific financial needs.

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2025 Loan Limits and Downpayment Requirements in Boonton, Morris, NJ

Loan Type Loan Limit Down Payment
USDA $776,600 0%
FHA $1,089,300 3.5%
Conventional Conforming $1,089,300 3%

USDA and FHA Loan Opportunities in Boonton, NJ

At Lendersa®, our objective is to provide you with the optimal USDA or FHA loan quickly and without hassle. Choose one of three starting points that lead to matched lenders and USDA loan offerings.

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What Constitutes a USDA Loan in NJ?

A USDA home loan, endorsed by the government through the Department of Agriculture—often called a USDA rural development loan or USDA mortgage—is available only in rural areas. In contrast to FHA loans that require a down payment of at least 3.5%, USDA loans have no down payment necessity.

Enter your location to find out if it qualifies for USDA rural housing loan?



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