USDA and FHA Pro and Con 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.
Platinum Mortgage Solutions, our goal is always excellent customized customer service with superior mortgage knowledge, providing our clients the guidance and service they need, whenever they need it! Whether it’s buying a new home or refinancing an existing home, the Platinum team has your back. Licensed in Connecticut & Florida.
Since 2008, Financial Solutions & Real Estate Investments LLC have been helping thousands of people along the way to homeownership. We are so very proud to keep those lifetime clients as they call upon us to refinance, purchase investment properties, and for expert mortgage advice.
Iron Workers Bank understands the importance of loyalty in maintaining local business and local clients. Founded in 1879 in Chester, PA, Iron Workers Bank was the original peoples' bank. Named after the local artisans' that built the iron-clad ships in the local ship yard, the name is derived from the people it served in the early days.
"Sun East Federal Credit Union is a cooperative financial institution, owned and operated by its members. We’re committed to serving your financial needs and exceeding your expectations.
We’re proud to serve approximately 52, 000 members and more than 1, 000 select employer groups with more than $744 million in assets."
1501 South Memorial Highway, Suite 102, Shavertown, PA, 18708
Back Mountain Federal Credit Union of Shavertown, Pennsylvania has been in service since 1974. We offer prompt, friendly, and courteous service to its members. We have a history of offering very attractive rates due to low overhead and strong expense controls. Our Board of Directors and all committee members are unpaid (volunteer).
Benchmark is the only Federal Credit Union serving Chester County exclusively! Since 1940, Benchmark Federal Credit Union has provided its members with complete financial services including free checking accounts, vacation and holiday club accounts, loans, certificates of deposit, money market accounts.
Howard Financial has specialized in a wide variety of loan types and financing strategies including Conventional, FHA/VHA, Jumbo loans, Portfolio lending, and Reverse mortgages. We will guide you through the mortgage planning process and find the right fit for your needs.Whether a first-time homebuyer, purchasing an investment property.
It can be a huge task to purchase a new house or refinance your current mortgage loan. You can count on us to guide you to the loan program that's the best fit for you. Our team of professionals is ready to help you with this important financial decision. U.S. Financial to be your guide in finding the right mortgage program for you!
America One Mortgage, LLC’s mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the best service, competitive interest rates, and low closing costs. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Monroe Savings Bank is a community bank located in Williamstown, New Jersey. We have served the Monroe Township community since 1870 and have prided ourselves on serving the needs of our community in a friendly and professional manner.Our main office is located on Main Street in downtown Williamstown.
