USDA and FHA Pro and Con in Ocean-City, Cape May County, NJ

In the year 2025, the USDA loan ceiling in Ocean-City within Cape May, NJ, stands at $345,000, whereas the FHA cap is $431,250 for a single-family residence.

To evaluate today's competitive rates between USDA and FHA loans, utilize the Lendersa® USDA loan calculator. It helps ascertain the income, credit, reserves, and documentation necessary for qualification. Our sophisticated mortgage calculator allows comparison across USDA, FHA, Conforming, and VA options, aiding your decision on the most suitable program in for your specific financial status.

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Loan limits and down payment requirements in Ocean-City, Cape May, NJ for 2025

Type of Loan Limit on Loan Down Payment
USDA $345,000 0%
FHA $431,250 3.5%
Conventional Conforming $548,250 3%

Exploring USDA and FHA loan choices in Ocean-City, NJ

Lendersa® strives to secure the finest USDA or FHA loans swiftly and without complications. Begin from one of three possible routes that align with both lenders and USDA loan schemes.

Lendersa USDA loan request and matching results

Understanding USDA Loans in NJ

A USDA home loan, endorsed by the Department of Agriculture (USDA), also known as a rural development loan or USDA mortgage, is applicable exclusively in rural areas. FHA loans necessitate at least a 3.5% down payment, while USDA loans demand none.

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



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