USDA Vs. FHA Pro and Con comparison in Mendham, Morris County, NJ

In the year 2025, the USDA loan limit within Mendham, located in Morris county, NJ, is set at $776,600, while for a single-family home, the FHA limit stands at $1,089,300.

Utilize the Lendersa® USDA loan calculator to assess current USDA versus FHA rates and determine the income, credit, reserves, and documentation necessary to qualify. With our state-of-the-art mortgage calculator, you're able to compare USDA, FHA, Conforming, and VA all in one view, assisting you in deciding the most favorable program for your financial situation in .

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2025 Loan Limits and Downpayment Requirements for Mendham, Morris County, NJ

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

Options for USDA and FHA Loans in Mendham, NJ

The mission of Lendersa® is to swiftly provide you with the most suitable USDA or FHA loan seamlessly. By selecting one of three initiating steps, you can find compatible lenders and USDA loan plans efficiently.

Lendersa USDA loan inquiry and results

Understanding USDA Loans in NJ

A USDA home loan, endorsed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is specially available in rural areas. In contrast to FHA loans that require a down payment of at least 3.5%, USDA loans eliminate the need for any down payment.

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



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  • LHome
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