USDA Vs. FHA Pro and Con comparison in Montville, Morris County, NJ
In the year 2025, the USDA loan limit set in Montville, within the county of Morris, NJ is $776,600. On the other hand, the FHA loan cap for a single-family home is $1,089,300. These limits play a crucial role in determining your eligibility and loan parameters when choosing financing options for home purchases in these regions.
Employ the Lendersa® USDA loan calculator to better analyze the prevailing rates between USDA and FHA loans. It assists in identifying the necessary income, creditworthiness, reserve needs, and documentation essential to qualify for these loans. The enhanced mortgage calculator provided allows for a comparison of USDA, FHA, Conforming, and VA programs side by side, ensuring you make an informed decision on which option best fits your financial circumstances. This is especially worthwhile when considering options tailored to areas like .
Comprehensive Guide for 2025 Loan Limits and Downpayment Requirements in Montville, County of Morris, NJ
Loan Type
Maximum Limit
Required Down Payment
USDA
$776,600
0%
FHA
$1,089,300
3.5%
Conventional Conforming
$1,089,300
3%
Exploring USDA and FHA Loan Options Available in Montville, NJ
Lendersa®’s mission is to swiftly connect you with the best available USDA or FHA loan options, minimizing any hassle or delay. You have the option to choose from three well-defined pathways, each designed to effectively match you with suitable lenders and USDA loan programs that fit your profile.
A USDA home loan is a government-backed financing option offered by the United States Department of Agriculture. This is commonly referred to as a USDA rural development loan or simply a USDA mortgage and is available exclusively for rural neighborhoods. Unlike FHA loans which require a minimum down payment of 3.5%, USDA loans stand out by not requiring any down payment at all, presenting a significant benefit for eligible buyers looking to invest in rural properties.
14114 Dallas Parkway, Suite 560, Dallas, TX, 75254
Simplifi seeks to empower mortgage customers to make a difference in the world. For every loan we provide to customers, Simplifi will fund a year of education for a girl in a developing country. We will cover the cost of sending a student to school for a year, including tuition, uniforms and supplies. We believe that education has the power
"The Tuttle Group is a branch of Mid America Mortgage, Inc in Dallas, Texas.
With over 19 years of experience in the financial, Branch Manager Andy Tuttle offers ‘No Non-sense Financial & Real Estate Solutions’ so his listeners, family and friends can live healthy financial lives and enjoy themselves along the way."
5220 Spring Valley Road, Suite 602, Dallas, TX, 75254
Reliance Mortgage Company has been in business since 1989 and has funded over $8 billion dollars in residential mortgage loans. We are committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements.
Sublime Financial provides home mortgages in Dallas and the entire state of Texas. We offer our customers many loan products and options, often times more than most larger mortgage brokers. If you're looking for the best home loan in Texas you can find, then contact us. Sublime Financial helps our customers refinance their current mortgage
HomeBank Texas is a full service financial institution with offices located in Dallas, Rockwall & Seagoville. Formerly known as Seagoville State Bank, we were founded in 1952 by W.A. Waldrop. The Bank was located in the Downtown Seagoville area where a tradition of serving our community & customers with courtesy & genuine concern was established.
Seagoville Federal Credit Union was founded February 14, 1949. We offer Savings, Checking, and Christmas Club accounts as well as a variety of loans including Vehicles, ATVs, Boats, RVs, Personal, Share Secured & more. We cater to government employees and their families in the Seagoville area.
18170 Dallas Parkway, Suite 304, Dallas, TX, 75287
The Mike Clover Group at Homewood Mortgage is a close-knit group of experienced mortgage professionals dedicated to getting their clients the best loans in the shortest amount of time.
Every member of the team has at least 10 years' experience in mortgage lending, and each shares Mike's strong belief in GOD, family, and doing the right thing
18170 Dallas Parkway, Suite 304, Dallas, TX, 75287
Established in 2001, Homewood Mortgage was founded by CEO and President, John Rasor, as a small mortgage brokerage firm with a hands on-approach to meeting the needs of the consumer. Since then we have evolved into a full service mortgage banker servicing the needs of Texas and Florida.
Trey Bolen started working in the mortgage industry more than a decade ago, working in a number of areas including underwriting, processing, secondary marketing and sales. As his experience grew, Trey saw huge opportunities to make the mortgage industry better. Traditional lenders had a tedious and aggravating application process.
We proudly serve all types of VA loans in the great state of Texas. We take the time to evaluate your personal situation in detail and find the best mortgage solution through all types of loans, including a VA Purchase/Refinance. We have well-qualified individuals who can assist you with getting things done in a timely manner.
