USDA Vs. FHA your options comparison in Cheboygan, Cheboygan County, MI

In 2025, the USDA loan limit for Cheboygan, located in Cheboygan County, MI, is $336,500, whereas the FHA loan limit for a single-family house is $472,030.

Use the Lendersa® USDA loan calculator to evaluate current USDA versus FHA rates. Determine necessary income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA loans, assisting you in choosing which program in suits your financial situation best.

Explore loan offers from 100 lenders

2025 Loan Limits and Downpayment Requirements in Cheboygan, Cheboygan County, MI

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

Options for USDA and FHA Loans in Cheboygan, MI

Lendersa® aims to swiftly provide you with the best USDA or FHA loans hassle-free. Choose from three starting points that lead to matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MI

A USDA home loan is backed by the Department of Agriculture, referred to as a USDA rural development loan or mortgage. It is available exclusively in rural areas and requires no down payment, unlike FHA loans which demand a minimum 3.5% down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Florida First Capital Finance
  • 1351 N. Gadsden Street, Tallahassee, FL, 32303
  • Florida First Capital is Florida's original statewide certified development company promoting economic development and job creation. Under the SBA 504 Loan Program, Florida First Capital works with private-sector lenders to provide eligible small business owners in Florida and Alabama and Georgia.
  • Cendera Bank, National Association
  • 615 E. Bells Blvd, Bells, TX, 75414
  • Cendera Bank is located in Benbrook, Texas. At this location, Cendera Bank employs approximately 3 people. Cendera Bank. They provide the following services: Full Service Office Location and are located at 615 E. Bells Blvd in Bells Texas. Cendera Bank, N.A. is currently looking to add highly motivated, high integrity team members
  • Advance Mortgage & Investment Company, LLC
  • 30500 State Highway 181, Suite 460, Daphne, AL, 36527
  • At AMIC, we strive to treat all our customers like friends and neighbors, because that's exactly what you are. Based in the Southeast, we live, work, and play right alongside many of our customers. We'll always guarantee you the best loan, work with local lenders whenever possible,
  • Bank of Winnfield & Trust Company
  • 200 W Main St, Winnfield, LA, 71483
  • The Bank of Winnfield opened its doors in 1901 – serving the Winn Parish community during an era most people can hardly imagine today. The bookkeeping was done by hand with pen and ink, and the bank was lighted using kerosene lamps. From these humble beginnings and throughout more than a century of social, political and economic upheavals.
  • Cross Country Equity, LLC
  • 6007 Financial Plaza, Suite 206, Shreveport, LA, 71129
  • At Cross Country Equity, LLC, the “Mortgage Professionals”, a highly skilled team of financial experts specializing in mortgage loan services. Our company has over 40 years of combined experience in the financial services arena, with expert knowledge in all mortgage products both residential and commercial.
  • Endurance FCU
  • 703 S 9th Street, Duncan, OK, 73533
  • EFCU is a full-service financial institution offering its members the best in service and a full range of financial products. When you become a member of EFCU you actually become one of the owners. EFCU is governed by a volunteer board of directors. EFCU redistributes income to members through higher savings rates and lower loan rates.
  • First Bank & Trust Co.
  • 923 W. Main St, Duncan, OK, 73533
  • At First Bank & Trust Co., you will feel the difference in the way your financial needs are met, because we are more than just a bank –we’re your bank. Located in Southern Oklahoma, we are proud to be a part of both urban & rural communities. We understand the banking needs of small businesses, farmers & ranchers, as well as families & individuals.
  • SYNERGY MORTGAGE GROUP, LLC
  • 2567 Capital Medical Blvd,, Tallahassee, FL, 32308
  • Synergy Mortgage Group is a Florida-based company dedicated to educating first timers about the ins and outs of the home buying experience. Our ultimate goal is to assist consumers with qualifying for a mortgage and negotiating low interest rates to ensure long-term success.Our experienced practitioners have helped open doors for the customers.