USDA and FHA Pro and Con in New-Milford, Bergen County, NJ

In 2025, for New-Milford in the county of Bergen, NJ, the USDA loan limit is $0, while the FHA limit for a single-family home is $822,375.

Utilize the Lendersa® USDA loan calculator to compare today's best USDA vs. FHA rates and determine the necessary income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator enables you to review USDA, FHA, Conforming, and VA options side by side, helping you decide which program in best matches your financial needs.

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2025 Loan Limits and Downpayment Requirements in New-Milford, Bergen, NJ

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $822,375 3.5%
Conventional Conforming $822,375 3%

Options for USDA and FHA Loans in New-Milford, NJ

Lendersa® is committed to providing you with the best USDA or FHA loan quickly and without hassle. Choose one of three starting points to connect with matching lenders and USDA loan programs.

Lendersa USDA loan request and matching outcomes

Understanding USDA Loans in NJ

A USDA home loan, guaranteed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is available exclusively in rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, USDA 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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