USDA Loan Vs. FHA loan pro & con Alpena, Alpena County, MI

In 2025, USDA loan limit in Alpena, county of Alpena, MI is $336,500 while FHA limit is $472,030 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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USDA and FHA loan options in Alpena, MI

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

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What is USDA Loan in Michigan?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

(616) 974-9710 Lender's profile and map Reviews Team Mortgage Company 5043 Cascade Road SE, Suite A, Grand Rapids, MI, 49546 We complete a large volume of mortgage loan financing each year with many different financial institutions. At Team Mortgage Company, we treat our clients well. We have proudly built our success as a Grand Rapids mortgage lender with the philosophy that our customers always come first.
(616) 942-9630 Lender's profile and map Reviews Preferred Credit Union 3767 Sparks Dr SE, Grand Rapids, MI, 49546 Preferred Credit Union is a full service financial institution helping to serve the needs of those who work and live in our community. As your Preferred Financial Partner, our goal is to provide great member service while helping you save time and money on the products and services you need.
(616) 734-6099 Lender's profile and map Reviews Red Oak Capital 625 Kenmoor Ave SE, Suite 200, Grand Rapids, MI, 49546 Red Oak Capital Holdings, LLC is a family of commercial real estate finance and investment companies that includes Red Oak Financial, LLC, Red Oak Holdings Management, LLC, and Red Oak Capital GP, LLC. The Michigan-headquartered firm is anchored on a strong team that collectively delivers over 100 years of commercial real estate lending
(586) 879-9308 Lender's profile and map Reviews Lake Pointe Mortgage, L.L.C 27735 Jefferson Ave, Saint Clair Shores, MI, 48081 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 by utilizing the 23 years of experience.
(248) 996-6070 Lender's profile and map Reviews Credit Union Advantage 22250 Providence Drive, Southfield, MI, 48075 Credit Union Advantage has been providing financial services to members and their families since 1969. Initially the credit union was named Providence Hospital Employees Credit Union and in 2002 we began to also serve the employees of the St. John Health System, which includes Providence Hospital. Our name was changed at that time to Credit Union A
(248) 557-2266 Lender's profile and map Reviews Southeast Michigan State Employees Federal Credit Union 17135 W Ten Mile Road, Southfield, MI, 48075 Southeast Michigan State Employees (SMSE) Federal Credit Union is a democratically controlled, co-operative financial institution.SMSE Federal Credit Union was formed to serve employees of the State of Michigan and employees of local governments, working in Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, and Wayne Counties.
(248) 579-8175 Lender's profile and map Reviews Castle Commercial Capital, LLC 2000 Town CTR, Suite 1900, Southfield, MI, 48075 Castle Commercial Capital facilitates financing for business owners as well as investors and developers of commercial real estate nationwide. We can provide financing from a basic apartment refinance loan to a mixed-use new development and construction loan. We can finance your property with fixed low rate.
(248) 440-5888 Lender's profile and map Reviews Great Lakes Mortgage Brokers LLC 18877 West 10 Mile Road, Suite 250, Southfield, MI, 48075 Great Lakes Mortgage Brokers LLC, located in Southfield, MI, and Boca Raton, FL is a leading provider of financial services. We specialize in helping businesses and individuals reach their financial goals by providing a wide range of lending & insurance options.We use our more than 20 years of experience to provide clients with financial services.
(248) 302-0880 Lender's profile and map Reviews Block Mortgage LLC 19483 W 10 Mile, Southfield, MI, 48075 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.
(248) 208-3900 Lender's profile and map Reviews John Adams Mortgage 25800 Northwestern Hwy, Suite 110, Southfield, MI, 48075 John Adams Mortgage is a Michigan based, full service mortgage lender. As a lender, we originate, process, underwrite, close and insure our own loans. Our strength and knowledge of the mortgage industry has allowed us to successfully weather the vast changes over the past few years.