USDA VS FHA in Somers-Point, Atlantic County, NJ

For 2025, the USDA loan limit in Somers-Point, within Atlantic county, NJ, is $285,000. Contrastingly, the FHA cap is $356,362 for single-family homes.

Utilize the Lendersa® USDA loan calculator for a comparison of today’s top USDA versus FHA rates. It helps to assess income, credit requirements, reserves, and necessary documents for qualification. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA programs side by side, aiding your decision on the best option in for your financial needs.

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2025 Loan Limits & Down Payment Requirements in Somers-Point, Atlantic county, NJ

Loan Type Loan Limit Down payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

USDA and FHA Loan Choices in Somers-Point, NJ

Lendersa® aims to secure you the ideal USDA or FHA loan swiftly and efficiently. You can choose from three starting options that align you with appropriate lenders and USDA programs.

Lendersa USDA loan query results

Explaining USDA Loans in NJ

Earmarked for rural areas, the USDA home loan, also termed the USDA rural development loan or USDA mortgage, is backed by the Department of Agriculture. Unlike FHA loans necessitating a 3.5% minimum down, the USDA mortgage requires no down payment.

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



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