USDA Vs. FHA Pro and Con comparison in Bound-Brook, Somerset County, NJ
In 2025, the loan limit for USDA in Bound-Brook, within Somerset county, NJ, is $657,900, whereas the FHA limit stands at $822,375 for a single-family house.
Utilize the Lendersa® USDA loan calculator to evaluate today's best rates for USDA and FHA loans. Determine income requirements, credit, reserves, and the documents necessary to qualify. Our advanced tool lets you compare USDA, FHA, Conforming, and VA loans side by side, helping you choose the best program in for your financial situation.
Loan limits and required down payments for 2025 in Bound-Brook, Somerset, NJ
Loan Type
Loan Limit
Down payment
USDA
$657,900
0%
FHA
$822,375
3.5%
Conventional Conforming
$822,375
3%
Options for USDA and FHA loans in Bound-Brook, NJ
The mission of Lendersa® is to quickly connect you with the best USDA or FHA loan, avoiding unnecessary hassles. Select from three initial steps that pair you with suitable lenders and relevant USDA programs.
The USDA home loan, supported by the U.S. government Department of Agriculture, is also called the USDA rural development loan or USDA mortgage. It is specifically available in rural neighborhoods. Unlike FHA loans, which require at least a 3.5% down payment, the USDA mortgage demands no down payment at all.
6100 Rockside Woods Drive, Suite 150, Independence, OH, 44131
In 1953, the big expansion took place and the credit union was renamed Cleveland Teamsters Credit Union. Its assets, which had climbed from $2, 666 in 1940 to $352, 000 in 1952, suddenly zoomed to just under $572, 555 in 1953, to nearly a million in 1955. The credit union has since experienced steady growth.
Century Federal Credit Union is a not-for-profit financial cooperative existing to serve its members. Credit unions, like Century Federal, are less likely to charge service fees than banks, that are for-profit institutions. We do not issue stock or pay earnings dividends to outside stockholders like other financial institutions.
4 Summit Park Drive, Suite 200, Independence, OH, 44131
NLC Loans support your personal goals and dreams so that you and your family can live the life you want and deserve. Whether you’re buying your first home, your next home, or refinancing, we’ve got your back. NLC Loans is a leading, full-service, residential mortgage lending and mortgage refinance company.
"Liberty Home Mortgage operates with a focus on a very simple goal - to lead the industry in customer satisfaction and to set a new standard by which our industry operates.
Liberty Home Mortgage Representatives are available seven days a week. We even have a customer care line which current customers can call to get answers"
Faith Credit Union was initially organized to meet the financial needs of members of Cleveland’s Second Mt. Sinai Baptist Church. Since then the credit union, which is a not-for-profit and tax-exempt entity under the Internal Revenue Code, has expanded community-wide and now provides a full range of credit, savings, transaction services.
Blue Eagle® Credit Union has served the greater Roanoke and Lynchburg areas for nearly 70 years as a member-owned, local not-for-profit financial cooperative with a passion for enriching lives. Credit Union has served the greater Roanoke and Lynchburg areas for nearly 70 years as a member-owned, local not-for-profit financial coop
Williamstown Bank, Inc. is a locally owned and operated community bank serving Wood County, WV and the surrounding area. Founded in 1919, Williamstown Bank understands the needs of customers evolve over time, and we are excited to offer a unique blend of the most up to date technology with the personalized service
Salem VA Credit Union is a member-owned cooperative that operates on a not-for-profit basis. As a federal credit union, we are chartered, supervised and insured by the federal government through the National Credit Union Administration (NCUA). The NCUA insures member share accounts up to $250, 000 per member.
