USDA and FHA Pro and Con in Franklin-Center, Somerset County, NJ
In 2025, the USDA loan cap for Franklin-Center, within Somerset county, NJ, stands at $657,900, whereas the FHA limit for a single-family residence is $822,375.
Utilize Lendersa® USDA loan calculator to assess today's competitive USDA versus FHA rates. This tool also provides insights into the income, credit, reserve requirements, and necessary documentation for qualification. Our sophisticated mortgage calculator allows you to review USDA, FHA, Conforming, and VA options simultaneously, aiding in selecting the best program in for your unique financial scenario.
2025 Loan Constraints and Deposit Prerequisites in Franklin-Center, Somerset County, NJ
Type of Loan
Maximum Loan
Initial Payment
USDA
$657,900
0%
FHA
$822,375
3.5%
Conventional Conforming
$822,375
3%
Options for USDA and FHA Loans in Franklin-Center, NJ
Lendersa® strives to provide the optimal USDA or FHA loan promptly and with ease. Choose one of three initial steps to align with lenders and access USDA loan programs.
A USDA home loan, backed by the U.S. Department of Agriculture, also referred to as USDA rural development loan or USDA mortgage, is available strictly in rural locales. Distinct from FHA loans, which mandate a 3.5% down payment, a USDA mortgage requires no initial deposit.
"Over the years, Cincinnati Federal has continued to expand its footprint in the Cincinnati area through acquisition of other savings institutions such as Delta S & L, McHenry S & L and Fulton #4.
In the 1980's Cincinnati Federal continued to grow and opened offices in the Miami Heights area and in Anderson Township."
Capitol National Bank strives to become the community bank of choice in the markets we serve by offering customer solutions that result in long-term customer relationships, & enhanced shareholder value. Capitol National Bank opened its doors in downtown Lansing in 1982. Our mission was to serve the financial needs of small and mid size businesses.
TruPartner Credit Union is the result of the merger of Communicating Arts Credit Union and Cincinnati Central Credit Union. TruPartner will use more than 150 years of combined experience to educate the public about the "People Helping People" mission of credit unions; the not-for-profit, member owned difference between us.
Magnolia Home Loans had a modest beginning in Atlanta, Georgia and now serve home buyers throughout Georgia and South Carolina. We are a family owned business who give our clients 1:1 personalized services. We have been in the mortgage business for over 30 years. Our mission is to serve our customers with honesty, integrity, and competence.
LAFCU is proud to not only serve the community in which they have offices, but to also play an active role in making our community a better place to live. LAFCU encourages community involvement and its employees serve many organizations and committees on a volunteer leadership basis by sitting on their boards of directors.
New Foundation Savings Bank was founded over 130 years ago. In that time, we’ve seen many changes, but still believe that personal service matters. While offering modern conveniences like Touch Banking and Card Valet, we pride ourselves on knowing our customers by name. Our goal is to serve the needs of our community by offering financial products.
Home Savings Bank is located on Elm Street in Ludlow, KY just minutes from downtown Cincinnati. We specialize in real estate lending and offer many deposit solutions. Home Savings Bank, FSB is a full-service bank. The bank accepts deposits, makes loans and provides other services for the public.
Blue Grass Federal Savings and Loan has served Bourbon County and the surrounding area since 1959. As a mutual thrift, Blue Grass Federal is owned by those we serve. Our goal is, and has always been, to meet the financial needs of our customers by maintaining a staff of knowledgeable, friendly employees.
