Explore the differences! FHA VS Conventional loan programs in Munising, Alger County, Michigan

In 2025, the conventional loan limit in Munising, which is in Alger, MI, stands at $726,200. Meanwhile, the FHA limit for a single-family home is set at $472,030.

Use the Lendersa® Conventional loan calculator to check today's top rates across Conventional, FHA, and USDA loans. Determine the income, credit, reserves, and necessary documents for qualification. Our advanced mortgage calculator compares Conforming Conventional, USDA, FHA, and VA loans side-by-side, helping you select the best option in MI for your financial needs.

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2025 Loan Limits and Down Payment Requirements in Munising, Alger, MI

Loan Type Loan Limit Down Payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

This table applies to the zip codes: 49862

Exploring Conventional and FHA Loan Options in Munising, MI

Lendersa® aims to secure the best Conventional, USDA, or FHA loan for you swiftly and without effort. Choose one of three starting paths that lead to matching lenders and loan programs.

Lendersa USDA loan request and results


  • Seattle Pacific Mortgage Inc.
  • 11400 Southeast 8th Street, Suite 410, Bellevue, WA, 98004
  • The Seattle Pacific Mortgage Inc team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • Upwell Mortgage, Inc.
  • 10400 NE 4th Street, Suite 500, Bellevue, WA, 98004
  • Upwell as a springboard for opportunity - to help homeowners like you achieve their dreams. The lending industry today is split between two extremes, leaving many of homebuyers' needs unmet. A growing number of tech-centric lenders offer efficient processes and low rates, but not reliable, local expertise to guide decision-making.
  • Sammamish Mortgage
  • 3055 112th Avenue NE, Suite 203, Bellevue, WA, 98004
  • Sammamish Mortgage has consistently provided clients with superior service along with low rates and fees. Whether you are purchasing your first home, buying your dream home or refinancing, our award winning team of mortgage professionals will help get you the best mortgage for your financial situation.
  • Precision Mortgage, Inc
  • 7109 114th Avenue Southeast, Newcastle, WA, 98056
  • At Precision Mortgage, Inc you'll find mortgage consultants who put themselves in your shoes before deciding on which loan program would be good for you. We wants to be your personal mortgage consultants for life and we'll work very hard to achieve that. We will guide you through you process and be as thorough as can and in a timely fashion manner.
  • Westar Funding
  • 728 3rd Street, Suite B, Mukilteo, WA, 98275
  • Westar Funding Inc. is a leading private money lender. We produce fast, reasonable, secure real estate loans that enable you to close quickly on residential & commercial investment properties. Westar offers financing that avoids the time-consuming process and onerous requirements of conventional lenders.
  • Pacific Capital Northwest
  • 8227 44th Ave W, Suite K, Mukilteo, WA, 98275
  • Private Capital Northwest is primarily a private money lender. Other names normally associated and used synonymously with private money lending include hard money, soft money, non-conforming, alternative, and asset- or equity-based lending Our loans are based on the asset, meaning the real property secures the loan.
  • Capstone Home Loans
  • 3400 188th Street SW, Suite 101, Lynnwood, WA, 98037
  • Capstone Home Loans is a leading, full-service integrated mortgage bank setting the standard for the industry today with a purposeful eye towards the future. A unique firm with a practice that actively supports the talents of experienced mortgage professionals who are focused on serving their client’s goals in pursuit of the American Dream.
  • Cascade Lending Group LLC
  • 4720 200th Street Southwest, Suite 205, Lynnwood, WA, 98036
  • Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
  • Drexel Funding LLC
  • 1900 South Puget Dr, Suite 203, Renton, WA, 98055
  • Founded in 2016 by veterans in the real estate industry, our executive lending team has a combined total of 25 years of experience in residential and commercial hard money lending practices. We are extremely familiar with the extremely difficult processes that individuals go through when attempting to secure loans from lenders and banks.
  • Advisory Lending Group
  • 119 N Commercial St, Suite 240, Bellingham, WA, 98225
  • Advisory Lending Group, we are driven to meet the mortgage needs of our community.Whether you are purchasing your first home, investment property or building your dream home, Carla Lee and Advisory Lending Group will empower you with confidence with our knowledge, convenience & solid expertise from initial application through and beyond the closing
  • Soundview Lending Group, LLC
  • 10605 SE 240th St, Suite 544, Kent, WA, 98031
  • "Soundview Lending Group helps small and mid-size businesses obtain the capital needed for their business. We have built trusted relationships with alternative lenders who are ready to provide funding. Yes! You have options. Additionally, we offer consultation services to small and mid-size businesses."