USDA and FHA Pro and Con in Martinsville, Somerset County, NJ

For 2025, the USDA loan limit in Martinsville, in Somerset county, NJ, is $776,600. The FHA limit for a single-family residence is $1,089,300.

Utilize the Lendersa® USDA loan calculator to compare current USDA versus FHA rates and to determine the necessary income, credit, reserves, and documents needed for qualification. With our comprehensive mortgage calculator, you can see USDA, FHA, Conforming, and VA loans side by side, aiding you in choosing the best program in for your financial needs.

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2025 Loan Limits and Down Payment Requirements in Martinsville, Somerset, NJ

Loan Type Loan Limit Down Payment
USDA $776,600 0%
FHA $1,089,300 3.5%
Conventional Conforming $1,089,300 3%

USDA and FHA Loan Options in Martinsville, NJ

The goal of Lendersa® is to quickly and effortlessly secure the best USDA or FHA loan for you. Choose from three starting points that connect you with matching lenders and appropriate USDA loan programs.

Lendersa USDA loan request and results

Understanding the USDA Loan in NJ

A USDA home loan, backed by the government through the Department of Agriculture, is also known as a USDA rural development loan or USDA mortgage. These are available exclusively in rural areas and, unlike FHA loans, do not require any down payment.

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



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