USDA Vs. FHA your options 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.
Dakota West Credit Union is dedicated to helping our members grow with comprehensive, competitive financial products partnered with personal, professional service.
It is our vision to deliver consistently the essential financial services in the communities we serve that promote agriculture and commerce while improving the quality of our members.
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 who is able to give you quick and accurate financial advice.
1ST QM Michael O’Brien has experience with all forms of Mortgage Financing. He has over two decades of experience with all facets of mortgage financing. Michael is very comfortable and effective working with “FIRST TIME” Home Buyers as well as the seasoned investors. Michael specializes in properties that are located in Texas and California
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We were house flippers before lenders, we know what you do and why you do it! Reach out and see how we can work together for years to come! If you have questions, email me at [email protected]! Or call me at 512-659-6344!
Looking forward to a long lasting relationship!
Citizens State Bank was founded November 12, 1913 by Dr. Sidney J. Francis. In 1996, the Francis family sold majority ownership to a group headed by Dr. Morris Spector. Dr. Spector joined the Board of Directors in 1993 and currently serves as Board Chairman. Other Board members are Ruben Robledo, D. Wade Hayden, David Spector, Rudy Rodriguez.
