USDA Vs. FHA Pro and Con comparison in Morristown, Morris County, NJ
In 2025, the limit for a USDA loan in Morristown, within Morris county, NJ, is $776,600. At the same time, for a single-family home, the FHA limit is noted as $1,089,300.
Use the Lendersa® USDA loan calculator to compare the best available USDA versus FHA rates today and assess the necessary income, credit, reserves, and documentation required for qualification. Our advanced mortgage calculator places USDA, FHA, Conforming, and VA programs side-by-side to assist you in selecting the program best suited to your financial situation in Alabama.
Loan Limits and Downpayment Requirements for 2025 in Morristown, Morris County, NJ
Type of Loan
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 Morristown, NJ
The intention of Lendersa® is to swiftly provide you with the most favorable USDA or FHA loan without unnecessary hassle. Opt for one of three pathways to match with suitable lenders and access USDA loan programs.
A USDA home loan, endorsed by the U.S. Department of Agriculture and also known as a USDA rural development loan, is exclusive to rural areas. It differs from FHA loans, which require a down payment of at least 3.5%; USDA loans do not demand any down payment.
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