USDA Vs. FHA your options comparison in Lake-Carmel, Putnam County, NY
For 2025, the USDA loan ceiling in Lake-Carmel, situated in the county of Putnam, NY, stands at $657,900. In comparison, the FHA cap for a single-family home is $822,375.
Take advantage of the Lendersa® USDA loan calculator to evaluate the ideal USDA versus FHA rates available today, making it easy to establish what income, credit score, reserves, and paperwork are essential to meet the qualification criteria. Our cutting-edge mortgage calculator provides a side-by-side view of USDA, FHA, Conforming, and VA options, assisting you in selecting the most suitable program in based on your unique financial situation.
Current 2025 loan limits and down payment necessities in Lake-Carmel, county of Putnam, NY
Loan Variant
Loan Ceiling
Down Payment
USDA
$657,900
0%
FHA
$822,375
3.5%
Conventional Conforming
$822,375
3%
Options for both USDA and FHA loans in Lake-Carmel, NY
Lendersa® is dedicated to swiftly and efficiently securing you the best possible USDA or FHA loan, free from unnecessary complications. Begin by selecting one of three foundational steps that result in successfully pairing with compatible lenders and USDA loan offerings.
The USDA home loan, backed by the government's Department of Agriculture, frequently referred to as the USDA rural development loan or USDA mortgage, is exclusively available in rural areas. Unlike FHA loans, which impose a minimum down payment of 3.5%, the USDA mortgage doesn't require any upfront deposit, making it a desirable option for eligible applicants.
Our Mission is To provide the highest quality financial services, through commitment to excellence and financial strength, exceeding the expectations of our members and employees. Our Vision is Commitment to making a positive difference in the financial lives of our members and in the community we serve. We want to be the financial institution.
The Milford Bank has a variety of loan programs with competitive rates and quality hometown customer service everyday. Many types of consumer loans can be completed in less than 30 minutes because paperwork is greatly simplified. Our consumer loan programs are available for residents.
795 Franklin Ave, Bldg C, Suite 202, Franklin Lakes, NJ, 07417
At Taylor Financial Group (TFG), we have always focused on the needs of high net worth clients, assisting with portfolio management, financial planning, retirement income, and taxes. Our goal at TFG is to decrease our clients’ taxes as much as possible in retirement in order to build wealth during their lifetime (and for generations to come).
Approved Funding is a multi-state Direct Mortgage Lender. With over three decades of perseverance, billions in mortgage financing, and thousands of satisfied clients, we have become one of the area’s fastest growing privately held mortgage banks, by distinguishing ourselves through professionalism, honesty and integrity.
Glen Rock Savings Bank was established in 1922 to provide a safe place for local New Jersey residents to get a fair return on savings and secure residential home mortgages. The bank was initially located across the street from the iconic “Rock” in the Glen and was eventually renamed Glen Rock Savings Bank.
Commercial Mortgage Unlimited Offers custom tailored lending programs to fit the needs of each individual borrower and property type. All property typesCommercial Mortgage Unlimited Offers custom tailored lending programs to fit the needs of each individual borrower and property type.
Ulster Federal Credit Union is a non-profit association of member owners whose goal is to provide a variety of financial services that feature benefits and advantages over those generally available from other banking sources and to encourage their use with the specific intent of helping our members improve their personal financial status.
Ulster Savings Bank is more than just banking! We offer a full line of products and services for both personal and business such as insurance, payroll services, tax preparation and wealth management. business such as insurance, payrol
A leader in community giving, Ulster Savings Bank is actively involved in the communities we serve
Skyline Financial Federal Credit Union was chartered in 1935 & remains committed to providing outstanding service to our members.The Credit Union was formed by a group of seven dedicated employees of what was then known as the Southern New England Telephone Company. The intent of our founders was to promote thrift among its members & to make loans.
