USDA and FHA Pro and Con in Franklin-Lakes, Bergen County, NJ

For 2025, the USDA loan limit for a single-family home in Franklin-Lakes, located in Bergen, NJ, is $0, while the FHA limit is $822,375.

Using Lendersa® USDA loan calculator, you can compare today's top USDA versus FHA rates, determining the necessary income, credit standing, reserves, and documentation required for qualification. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA loan options side by side, assisting you in selecting the most suitable program in Alabama for your financial requirements.

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Insights on 2025 Loan Limits and Downpayment Requirements in Franklin-Lakes, Bergen, NJ

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $822,375 3.5%
Conventional Conforming $822,375 3%

Exploring USDA and FHA Loan Options in Franklin-Lakes, NJ

At Lendersa®, our objective is to provide you with the best USDA or FHA loans quickly and without hassle. Start with one of three options that lead to lender matches and USDA loan programs.

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About USDA Loans in NJ

The USDA home loan, also known as the USDA rural development loan, is backed by the Department of Agriculture and is only available in rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, the USDA mortgage does not require any down payment.

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



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