USDA and FHA Pro and Con in Paterson, Passaic County, NJ
In 2025, the USDA loan limit in Paterson, within the county of Passaic, NJ, is set at $776,600. For a single-family home, the FHA limit reaches $1,089,300.
Utilize the Lendersa® USDA loan calculator to assess today’s optimal USDA vs. FHA rates. Determine the income, credit requirements, reserves, and documentation needed for eligibility. With our advanced mortgage calculator, you can compare USDA, FHA, Conforming, and VA loans side by side, assisting in choosing the best program for your financial needs in .
2025 Loan Limits and Downpayment Criteria in Paterson, Passaic County, NJ
Loan Type
Loan Limit
Down Payment
USDA
$776,600
0%
FHA
$1,089,300
3.5%
Conventional Conforming
$1,089,300
3%
Exploring USDA and FHA Loan Paths in Paterson, NJ
The purpose of Lendersa® is to secure you the best USDA or FHA loan quickly and with ease. Choose one of three strategies that connect you with potential lenders and discover USDA loan options.
A USDA home loan, backed by the Department of Agriculture and also known as a USDA rural development loan or USDA mortgage, is strictly available in rural areas. Contrary to FHA loans that necessitate a 3.5% down payment, USDA loans do not require any down payment, enhancing access for rural homebuyers.
Bogota Savings Bank has been a financial cornerstone in the foundation of two New Jersey communities, Bogota and Teaneck for 125 years and now have expanded our footprint into many other New Jersey towns. We are an established community bank offering traditional deposit programs such as savings, checking and certificate of deposits.
Accolend provides asset based and hard money lending solutions for developers, builders, investors of all sizes. We have many different solutions to solve your investment needs. Our rates are lower than most hard money lenders and we typically do not charge points. Closings can be very fast, as short as 2 days. Call us today to discuss your project
A credit union is a cooperative organized to serve a specific group of people rather than the general public. It allows members to pool their resources for their common benefit. Banks are owned by investors, but credit union members truly own their own institution. Thus members can take advantage of better savings and loan rates.
Greenback Capital Mortgage Corp. is a Mortgage Banker/Broker in providing financing in New York, New Jersey and Florida .We have successfully closed hundreds of millions of dollars in mortgage loans with a reputation for being deal making mortgage experts. The company was started nearly 30 years ago
AccoLend is a fast growing direct lending company. We are based in NJ but fund bridge/hard money loans in 30+ states. We with offer great career path for loan officers, especially for those with a proven track record. Our product mix is flexible, we offer competitive rates, charge no points and provide fast and reliable service for our clients.
YOUR GO TO FUNDING COMPANY FOR FIX AND FLIPS, CASH OUT AND RENTAL LOANS. \
INSPIRED SPECIALIZES IN ALL TYPES OF COMMECIAL FINANCING FOR REAL ESTATE INVESTORS, WHOLESALERS, AND BUYERS.
WE OFFER PROGRAMS THAT GIVE INVESTORS A LEG UP IN THE HOME BUYING PROCESS.
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Merchant Flow Financial is a direct business funding company focused on providing both expertise and consultative strategies to business funding, equipment financing, real estate funding, investment property financing, bridge loans, investment capital, and so much more. We understand that the world of business is anything but simple and easy
Kearny Bank, a New Jersey state-chartered stock savings bank, is headquartered in Fairfield, NJ. There are 54 retail locations in the metropolitan area and total assets top $6.5 billion.
Kearny Bank provides comprehensive world-class banking services in a most professional manner. Personal or business, we want to be a true financial partner.
277 Fairfield Road, Suite 103A, Fairfield, NJ, 07004
Our 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 lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
277 Fairfield Road, Suite 105, Fairfield, NJ, 07004
"Forward Mortgage is a premier expert in residential home loans. You are about to discover valuable tips to help you make an informed decision about real estate and mortgage financing in New Jersey, Florida or North Carolina.
We update our mortgage rates daily so are always able to see current interest rates."
271 Route 46 West Suite H202-203, Fairfield, NJ, 7004
High Quality Mortgage, is an independently owned mortgage brokerage firm, renowned for customer service and quality real estate programs. Our office family consists of qualified loan consultants and processing staff, and our lending portfolio represents one of the most comprehensive program collections in the United States.
