Explore the differences! FHA VS Conventional loan programs in Detroit, Wayne County, Michigan
For 2026, the Conventional loan limit in Detroit, part of Wayne in MI, is $726,200. Meanwhile, for a single-family home, the FHA limit is $472,030.
The Lendersa® Conventional loan calculator allows you to compare the best rates today for Conventional, FHA, and USDA loans. It helps ascertain the income, credit score, reserves, and documents needed to qualify. The advanced mortgage calculator displays Conforming Conventional loans, USDA, FHA, and VA options side-by-side, helping you choose the most appropriate program in MI for your financial needs.
2026 Loan Limits and Down Payment Requirements in Detroit, Wayne, MI
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
These entries pertain to the zip codes: 48209
Exploring Conventional and FHA Loan Strategies in Detroit, MI
Lendersa® aims to help you secure the best Conventional, USDA, or FHA loans quickly and hassle-free. Start by selecting one of three pathways that connect you with appropriate lenders and loan programs.
Direct Financial is a division of New England Federal Credit Union (NEFCU), a financial institution headquartered in Vermont with a 50-year record of successfully helping members improve their financial conditions. Members served through Direct Financial are members of NEFCU. Anyone who lives, works, or studies in the Michigan
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to ensure each borrower becomes educated on the mortgage process and never feels left in the dark. Midtown Home Mortgage researches the best products on the market to provide our client’s the best deal possible
13624 Michigan Ave, Dearborn, MI 48126, Dearborn, MI, 48126
Lends in Michigan
Sonic Loans is dedicated to streamlining the whole process for your convenience. e. We can assist you in purchasing or refinancing a house because of our many years of industry knowledge. Keep in mind that we provide a variety of mortgage services, including 15-year mortgages, 30-year mortgages, cash-out refinances, FHA loans, and Jumbo loans, amon
Founded in 1935, MemberFocus has a long history of serving members of the Dearborn and surrounding communities. Year after year, our products and services expand and improve; our enthusiasm for member service grows; our commitment to financial excellence holds true.and also providing banking services including savings, loans.
6 Parklane Boulevard, Suite 104, Dearborn, MI, 48126
Lends in Michigan
Vest Lending is a BBB accredited mortgage brokerage with over 15 years of experience in the industry. From first time homeowners to seasoned investors: we are committed to helping our clients achieve their mortgage goals. Our philosophy is simple-be transparent throughout the entire mortgage process, provide our clients with best fit their needs.
6 Park Lane Boulevard, Suite 605, Dearborn, MI, 48126
Lends in Michigan
Sonic Loans was founded by Mortgage industry experts to provide a better way for folks to buy or refinance a home. By creating a lean and efficient process, we're able to offer some of the most competitive rates in the country and close loans at super-sonic speeds! Don’t just take our word for it, see how our clients feel about us
We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention. We've been helping customers afford the home of their dreams for many years and we love what we do.
400 Renaissance Center, Suite:2600, Detroit, MI, 48243
Lends in Michigan
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.
Global Generation Group launched in September 2008 by John Syron, founder of what grew to be one of the largest privately held Automotive OEM manufacturing companies world wide, to provide solutions that integrate technology enhanced performance, risk reduction and unique capital solutions to help American Businesses.
