USDA Vs. FHA your options comparison in Cheboygan, Cheboygan County, MI
In 2026, 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.
2026 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.
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.
Extra Credit Union is a Federally Insured State Chartered Credit Union with assets of some $322 million and nearly 20, 000 members. We were founded by a small group of educators in 1954. and also At Extra Credit Union, you'll find more than innovative financial products and banking services tailored to your life, needs and financial goals.
Live Life Federal Credit Union has been proudly servicing our members’ financial needs since 1952. It began when The UAW Local 247 of Thompson Products organized Thompson Product Employee’s Federal Credit Union under Charter #7927.
In 1958, the plant changed names from Thompson Products Michigan Division to Thompson Ramo Woolridge Incorporation.
The MTEFCU, was founded by employees of Michigan Tech University, which used to be the Michigan Mining School. The intention of the credit union was to provide employees access to loans with reasonable interest rates.Membership is open to anyone who lives, works, or conducts business in Houghton, Keweenaw, or Baraga Counties.
We have one goal – to fulfill your financing goals and make you a happy homeowner. Mortgage City is a licensed mortgage originator based in Detroit, Michigan. We work with customers in Detroit, Royal Oak, and throughout the state of Michigan. We also can help you with your mortgage needs in Florida, New Hampshire, Ohio, Massachusetts,
Fortress Home Mortgage (NMLS ID# 135922) is owned and operated locally by John Sarkisian (NMLS ID# 136596). We utilize multiple lenders to find the best rates and products to fit the needs of our Metro Detroit borrowers. All applicants receive one on one customer service from pre-approval to closing.
"We specialize in shopping between the most reputable lenders on our clients’ behalf for the best possible program and rate for the client-specific situation. We offer wholesale pricing which means lower rates and less cost for our clients!
Our goal is to keep the mortgage process simple, easy and fast so you can stay focused on your daily l
Michigan Elite Lending with the vision of supplying clients with the best possible loan experience with the lowest rates on the market. Working with a mortgage broker allows borrowers to secure the lowest rate without doing all the legwork. We shop hundreds of wholesale lenders to find the best program for you.
Myrina Mortgage Group is a female owned and operated broker firm. We are called Mortgage Warriors because we search out and capture the very best loan product for you and your mortgage goals. We only work with wholesale lenders to offer you the very best in pricing and service every day.
