Explore the differences! FHA VS Conventional loan programs in Novi, Oakland County, Michigan
In 2025, the permitted limit for conventional loans in Novi, within Oakland County, MI, is defined as $726,200. By contrast, the FHA has set its loan limit for a single-family home at $472,030, providing distinct financial guidelines for borrowers.
Utilize the Lendersa® Conventional loan calculator to effectively assess today's top rates across Conventional, FHA, and USDA loan options. This tool is invaluable for determining what income, credit rating, reserves, and documentation are necessary for qualification. With this advanced mortgage calculator, you can easily see Conforming Conventional loans next to USDA, FHA, and VA options, supporting your decision on which financial route in MI aligns best with your goals.
2025 Loan Limits and Down Payment Details in Novi, Oakland County, MI
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
These details apply to the following zip codes: 48377, 48375, 48374, 48167, 48376
Available Conventional and FHA Loan Choices in Novi, MI
The primary aim of Lendersa® is to facilitate a smooth and fast acquisition of the best available Conventional, USDA, or FHA loans, free from unnecessary complications. You can begin by selecting one of three starting points designed to connect you with appropriate lenders and suitable loan programs tailored to your needs.
6720 N Scottsdale Rd, Suite 160, Scottsdale, AZ, 85253
We believe homeownership should be fast, transparent, and low-cost. For everyone. NOVA® Home Loans which began operating since 1980 is proud to offer one of the largest selections of mortgage financing options available, including residential home loans, down payment assistance, investment loans, refinancing, and reverse mortgages.
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.
25 S Arizona Place, Suite 111, Chandler, AZ, 85225
First Credit Union was formed in 1929 by a group of federal employees in Southern Arizona. We were the "first" credit union in Arizona and among the first in the United States. Since our humble beginnings, providing friendly and personalized service to our members has been our number one priority.
575 W Chandler Blvd, Suite 225, Chandler, AZ, 85225
AmeriFirst Financial, Inc. has proudly provided homeowners with mortgage loans for more than 25 years.
It’s all about service at Amerifirst Financial, and our company has been meeting the needs of homebuyers across the United States. I joined Amerifirst Financial because of its strong reputation for integrity—based mortgage lending.
3120 N. Arizona Avenue, Suite 105, Chandler, AZ, 85225
"Consumer First Financial is here to help make your dream of owning a residential property a reality. Whether you’re searching for low-fee mortgages or refinancing options, we can assist you in finding the best possible loan program.
Our knowledgeable team offers various loan options with competitive rates."
ReZamp is a real estate brokerage with powerful software that finds and analyzes MLS properties in real time. We believe everyone should have access to high quality real estate data. Our mission is to create a platform that integrates all real estate data into a single, easy to use interface, in a way that has never been done before.
Capstone Financial is a subsidiary of Capstone Private Mortgage Holdings, a company founded by an experienced team of real estate and finance professionals. Capstone Financial was created to help real estate investors take advantage of opportunities as emerging real estate markets recover and stabilize post recession.
11811 N Tatum Blvd, Suite 3031, Phoenix, AZ, 85028
My name is Brandon Ross and I’m a mortgage consultant with B|HOME Mortgage in Phoenix. As a mortgage broker, I have access to numerous programs from the nation’s top residential lenders. I’m here to help you achieve your real estate goals.
My promise is to deliver competitive rates with low costs
3420 East Shea Boulevard, Suite 200, Phoenix, AZ, 85028
Every mortgage company and Loan Officer has the "best" rates, programs, service etc. The resourceful and skilled team at Home Loans By Paige is eager to help you reach your dreams. Mortgages made easy ... How to Qualify For a Low Rate Mortgage without the Headaches, Hassles, or Haggling! First Time Homebuyers ... Low Down Payment.
11811 North Tatum Boulevard, Suite 3031-11, Phoenix, AZ, 85028
"B Home Mortgage is a local, family owned and operated Mortgage Company serving Phoenix and other parts of Arizona since 2005.
Founded by Brian Carpenter and his father-in-law Kevin Burk, we have always provided exceptional service at a lower rate and price than everyone else on every type of residential mortgage loan.
