For 2025, the USDA loan limit in the city of Hanover, located in the county of Morris, NJ, amounts to $776,600, whereas for a single-family home, the FHA limit is $1,089,300.
Utilize the Lendersa® USDA loan calculator to compare the top USDA and FHA rates today and identify the necessary income, credit, reserves, and documents for qualification. The advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA options side by side, helping you choose the program in best suited to your financial situation.
2025 Loan Limits and Downpayment Requirements in Hanover, Morris, NJ
Loan Type
Loan Limit
Down Payment
USDA
$776,600
0%
FHA
$1,089,300
3.5%
Conventional Conforming
$1,089,300
3%
Exploring USDA and FHA Loan Options in Hanover, NJ
Lendersa® aims to secure the most favorable USDA or FHA loan for you, quickly and without hassle. Begin with one of three strategies to find compatible lenders and USDA loan programs.
A USDA home loan is a government-backed loan from the Department of Agriculture, also known as the USDA rural development loan or USDA mortgage, available strictly in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, a USDA mortgage requires no down payment.
We strive to help our members Learn, Dream & Achieve all of their life goals.As an education-based credit union, we’re committed to providing members of all ages with the tools they need to meet their financial goals.ACHIEVE provides support to social service agencies.We are actively working to increase the accessibility & usability of our website.
The credit union was founded on January 25, 1938 under the name B-W Employees Federal Credit Union by Bendix-Westinghouse Automotive Air Brake Company employees and executives. Based on their experiences with Westinghouse Credit Union, they were inspired to found a new credit union after the business merged with Bendix in 1937.
Founded in 1999, Buckeye Community Bank was created as an independent, locally owned community bank positioned to serve the local business community better than any other bank. Through relationships built with trust and service, we work with our clients to ensure that they can grow.
Founded in Blacksburg in 1891, National Bank has been serving the citizens of Southwest Virginia for well over a century. With 25 full-service branch offices and $1.2 billion in assets, the bank has grown along with our region’s dynamic economy while staying true to its community banking roots.
FRM company and we represent your best interests, not the big banks. We’ve been in business for over 20 years and we thrive on providing our clients with an outstanding mortgage experience. With offices in Blacksburg, Marion, and Abingdon we serve clients throughout Virginia. We’ve built our business by being an advocate for our clients.
Bar Harbor Bank & Trust thinks differently about banking. Since our founding in 1887, our focus has been on establishing relationships with our customers. We get to know our customers and their financial goals, and we work with them to provide solutions that best work for them. We believe that good things happen when we work together.
Bar Harbor Savings and Loan was incorporated in 1902 by a group of local residents ranging from farmers to lawyers. Its mission was to promote savings and provide the means for affordable home ownership for all members.
Today, the Association still has its roots in the local community as a mutual Association owned and managed by its members.
MDI Mortgage Group a proven, sound choice for you when selecting your home financing partner? Our satisfied clientele ranges from the first-time homebuyer to the luxury home owner because we are focused on results, and you, We will offer you an extensive array of mortgage loan programs which are designed to provide you with the best
The Maine Association of Mortgage Professionals (MAMP), founded in 1958, is the state's oldest association representing the real estate finance industry.
The Maine Association of Mortgage Professionals (MAMP) is an association of professionals from banks, credit unions, independent mortgage firms
