FHA VS Conventional loan programs in 2026 for Sault-Ste.-Marie, Chippewa County, Michigan

For the year 2026, the Conventional loan limit for a single-family home in Sault-Ste.-Marie, within the county of Chippewa, MI, is $647,200. Conversely, the FHA loan limit is set at $420,680.

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Utilize the Lendersa® Conventional loan calculator to examine today's top rates for Conventional versus FHA versus USDA, and to identify the income, credit, reserves, and documentation needed to qualify. Our comprehensive mortgage calculator provides a side-by-side view of Conforming Conventional loans alongside USDA, FHA, and VA options, helping you to determine the best program suited for your financial situation in MI.

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2026 Loan Limits and Down Payment Requirements in Sault-Ste.-Marie, County of Chippewa, MI

Loan Type Loan Limit Down Payment
Conventional Conforming $647,200 3%
USDA $285,000 0%
FHA $420,680 3.5%

The comparison table is relevant for zip codes: 49783

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At Lendersa®, our priority is to secure a swift and hassle-free process in obtaining the best possible Conventional, USDA or FHA loans. Choose from one of three starting points to connect with suitable lenders and competitive loan programs.

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Sault-Ste.-Marie Lenders


  • Old Mission Bank
  • 2701 Interstate 75 Business Spur Sault, Sault Sainte Marie, MI, 49783
  • Lends in Michigan

  • Our Mission is to provide superior financial services and products to the businesses, individuals, and communities we serve. Our organization is a result of our community's desire to have more than one locally owned and controlled commercial banking option. Our success will be achieved by our unwavering efforts toward

  • Calcite Credit Union
  • 478 N. Third St., Rogers City, MI, 49779
  • Lends in Michigan

  • At Calcite Credit Union, our goal is to offer our members caring, truthful service, along with affordable financial products. Serving all those who live, work, worship, attend school, or have family in Presque Isle, Cheboygan, Alpena, & Emmet Counties! We provide members caring, truthful service, along with affordable financial products.

  • Charlevoix State Bank
  • 111 State Street, Charlevoix, MI, 49720
  • Lends in Michigan

  • Charlevoix State Bank is a locally owned and operated community bank. In an industry known for mergers, acquisitions and the commoditization of financial services, we focus on providing fast creative solutions while building long-term relationships. We service businesses, municipalities and consumers in Charlevoix and northern Antrim counties.

  • Porter Financial Group, LLC
  • 100 Main St, Suite 7, East Jordan, MI, 49727
  • Lends in Michigan

  • Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.

  • HPC Credit Union
  • 1234 W Chisholm Street, Alpena, MI, 49707
  • Lends in Michigan

  • At H.P.C. Credit Union, we have proudly been serving our members since 1950! Now serving over 8, 000 people in our community.
    We have three full-service locations, two in Alpena, MI and one in West Branch, MI.
    and also H.P.C. Credit Union’s mission is to serve and promote members’ personal financial success and to continue the Credit Union phi

  • Northland Area Federal Credit Union
  • 1161 N. Bagley St., Alpena, MI, 49707
  • Lends in Michigan

  • In 1957, a small group of people gathered in an office on Wurtsmith Air Force Base to discuss the possibility of starting a credit union. Northland Area FCU offers its members the ability to have up to 100 different accounts.The accounts can be used for a college fund, Christmas savings, checking, vacation, home purchases, retirement, etc.

  • Alpena Community Credit Union
  • 710 W. Miller St., Alpena, MI, 49707
  • Lends in Michigan

  • Alpena Community Credit Union has been open since 1952. The credit union has assets totaling $24.51 Million and provides banking services to more than 3, 000 members. When you’re a member of Alpena Community Credit Union, you’re not just a customer but part-owner of your credit union.

  • Alpena Alcona Area Credit Union
  • 1100 S Bagley Street, Alpena, MI, 49707
  • Lends in Michigan

  • Alpena Alcona Area Credit Union as a financial institution, as a leader in our community and as an employer. As an employer, AAACU values its staff and provides competitive wages and benefits to both full and part-time employees. As a leader in the community, we focus on reinvestment, charitable contributions and “people helping people.”

  • The State Savings Bank of Manistique
  • 101 South Cedar, Manistique, MI, 49854
  • Lends in Michigan

  • In 1917 Leo Harmon who was the President of the Consolidated Lumber Company took the lead for starting up The State Savings Bank, the Articles of Incorporation were filed on May 7, 1917. Shortly after, on June 11TH the bank held its first meeting of shareholders twenty-five of which were local and three from St. Paul.
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