USDA Vs. FHA Pro and Con comparison in Silver-Lake, Essex County, NJ
For 2025, the USDA loan cap in Silver-Lake of Essex county, NJ, is set at $0, while for a single-family residence, the FHA's cap is $822,375.
The Lendersa® USDA loan calculator is a great tool for comparing current USDA and FHA best rates and determining the necessary income, credit, reserves, and documentation for qualification. It features our advanced mortgage calculator, where you can evaluate USDA, FHA, Conforming, and VA loans side by side, helping you choose the most fitting program in according to your financial scenario.
2025 Loan Caps and Down Payment Specifications in Silver-Lake, Essex, NJ
Type of Loan
Maximum Limit
Down Payment
USDA
$0
0%
FHA
$822,375
3.5%
Conventional Conforming
$822,375
3%
Exploring USDA and FHA Loan Options in Silver-Lake, NJ
Lendersa® aims to secure the best USDA or FHA loans for you efficiently and without complications. Start with any of the three initial paths leading to matched lenders and USDA loan offerings.
The USDA mortgage is government-backed by the Department of Agriculture, frequently referred to as USDA rural development loans, tailored for rural locations exclusively. While FHA loans require a minimum of 3.5% down payment, USDA loans demand no down payment at all, offering a unique advantage for certain buyers.
Andrea Drayton Rhodan brings a wealth of knowledge to her role as a Mortgage Broker, Tax Consultant and Bookkeeper. In these specialty areas Andrea enjoys the thrill of helping people with accounting while also helping them to achieve their dream of home ownership. Andrea Rhodan Insurance & Mortgage, LLC is your source for all of your accounting.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide mortgages, insurance, and warranties to our clients while providing them with the lowest interest rates and costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Kairos Equities is a private lender headquartered in Louisville, KY providing investors across the US with capital for a multitude of loan types. Their lending parameters are versatile and creative, offering loan amounts from $50,000- $20,000,000 with a maximum LTV of 90%, and rates starting at around 5%.
Charlevoix State Bank is a locally owned and operated community bank. In an industry known for mergers, acquisitions and the commoditization of financial services, we focus on providing fast creative solutions while building long-term relationships. We service businesses, municipalities and consumers in Charlevoix and northern Antrim counties.
Our mission is to provide superior performance and outstanding customer service, while earning a reasonable profit. We will maintain safety and soundness and remain an independent bank, while being fully aware of opportunities to acquire other financial institutions. Community First Bank opened for business in March of 1990.
Republic Bank has grown to become the largest locally-owned community bank in Kentucky. With 45 banking centers in Kentucky, Indiana, Florida, Tennessee and Ohio, and $5.1 billion in assets, Republic is dedicated to meeting the needs of consumers, small business owners and large corporations by offering a full range of competitive products.
First Choice Lending Services can help you achieve your goals. To set up the right Knoxville, TN Mortgage plan for you, get in touch with us. At First Choice Lending Services, we have a better way. We try to build life-long relationships with our customers by giving them the best deal on their home mortgage, at the lowest rate.
Diversified General Federal Credit Union was started in As a member-owned financial institution, we exist solely to improve the financial well-being of the members. Credit Unions promote thrift, and income is passed along to its members in the form of higher dividends on savings accounts, lower interest on loans, or new and improved services.
