FHA VS Conventional loan in Richmond, Macomb County, Michigan
For 2025, the conventional loan cap in Richmond, part of Macomb county, MI, is $726,200, while the FHA limit for a single-family residence is $472,030.
Utilize the Lendersa® Conventional loan calculator to contrast today's best rates across Conventional, FHA, and USDA loans. Determine the required income, credit standing, reserves, and documentation to qualify. With our sophisticated mortgage calculator, you can view Conforming Conventional, USDA, FHA, and VA loans side by side to assist in choosing the most suitable option in MI for your financial needs.
2025 Loan Limits and Downpayment Requirements in Richmond, Macomb County, MI
Loan Category
Limit Amount
Minimum Downpayment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
Note: This applies to zip codes: 48062
Available Conventional and FHA Loans in Richmond, MI
The mission of Lendersa® is to quickly furnish you with the best-suited Conventional, USDA, or FHA loans without difficulty. You can choose from three starting points to connect with matching lenders and loan options.
Volunteer mortgage Group are a located in Nashville, TN. We are licensed in TN, MO, AL, FL, IL, SC, VA, CA, WI, IN, and GA. We specialize in home purchase, home refinance, Reverse Mortgages, First Time Home Buyer programs. Our goal is to offer the best rates and lowest mortgage payments in minutes.
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with more than $60 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut,
The MSA Mortgage Team is committed to providing clients with high quality experience combined with low mortgage rates. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of mortgage bankers can help make your dreams come true.
First National Bank of River Falls is proud to offer several home mortgage, home loan & home construction loan options. We're here to make the home of your dreams a reality! Our skilled team of local lenders provide local servicing on most mortgages and are eager to walk you through the buying process.
"We have built a strong reputation as an outstanding mortgage brokerage firm, serving the lending needs of real estate professionals, builders and individual homebuyers throughout the state.
We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending"
As a Non-Profit Credit Union, banking with MRFCU makes you a Member and an Owner. We are structured so that we can focus on bringing our members the best quality banking services and products. Being a smaller credit union helps us to focus on each of our member's needs and provide them top quality service.
Ion Financial, MHC is an independent financial services company committed to building lifetime relationships by partnering with our customers to help them identify and achieve their financial goals.We seek profitable growth while delivering superior customer service and offering a comprehensive package of progressive financial products.
150 Third Avenue South, Suite 900, Nashville, TN, 37201
Pinnacle Financial Partners provides a full range of Banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Pinnacle's focus begins in recruiting top financial professionals.
The South Shore Mortgage Team is your premier mortgage team located in Lindenhurst, New York. South Shore Mortgage offers some of the lowest rates nationwide making the loan process simple, straightforward and fast for borrowers seeking a mortgage in the Lindenhurst area.Established in 1987.
