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?



  • Paragon Mortgage Corporation
  • 1130 E Missouri Ave, Suite 204, Phoenix, AZ, 85014
  • Paragon Mortgage Corporation is an FHA, HUD MAP and LEAN approved mortgage lender solely focused on HUD-insured financing for over 33 years. Headquartered in Phoenix, Arizona, Paragon Mortgage is known for its highly experienced staff representing decades of originating, underwriting and processing of HUD/FHA loans.
  • Phoenix Mortgage Brokers LLC
  • 5227 North 7th Street, Phoenix, AZ, 85014
  • At PMB, you get a range of lending options tailored to meet your needs, as well as advice on the submission, processing, and funding of mortgage applications in Arizona. Our goal is to make borrowing simple and save you money. With a wide array of products for home mortgages, mortgage refinancing, and construction financing
  • Cobalt Mortgage LLC
  • 1434 E San Miguel Ave, Phoenix, AZ, 85014
  • Our team has a combined 50+ years experience in the mortgage industry. Our team is committed to making your lending experience a smooth & informed process. My niche for the past 18 years as a loan professional is figuring out how my client's specific needs fit with lender guidelines so that we can efficiently close your purchase
  • Tucson mortgage
  • 1885 N Kolb Rd, Tucson, AZ, 85715
  • We are EXTREMELY responsive to inquiries, so if you need a quickly reply just let us know. If you’d prefer a telephone call, no problem – WILL DO! Just let us know! We’re here to help YOU with your Tucson mortgage. Tucson home loans are originated by institutional lenders such as Mortgage Bankers, Banks, Savings & Loans.
  • Copperpoint Mortgage LLC
  • 7359 East Tanque Verde, Suite D, Tucson, AZ, 85715
  • Copperpoint Mortgage is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you.
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  • 6842 E Tanque Verde, Suite E, Tucson, AZ, 85715
  • We work with more than 100 investors. This allows us to get you the best rates on all types of loan programs including: 30yr mortgage, 20yr mortgage, 15yr mortgage, 10yr mortgage, 1yr ARMS, 3yr ARMS, 5yr ARMS, Conventional, Jumbo, Home Equity Lines, VA and Commercial. Whether your situation calls for Full Documents, No Documents
  • Republic Bank of Arizona
  • 645 E. Missouri Ave, Suite 108, Phoenix, AZ, 85012
  • Success is a team effort, and RBAZ is here to help facilitate your success. We offer all of the progressive banking solutions you'd expect from a much bigger bank, all backed by sound banking principles, exceptional personal service, and a promise to exceed your expectations of what a local community bank can be.
  • Mega Loans
  • 20 East Thomas Road, Suite 2238, Phoenix, AZ, 85012
  • Loan Factory strives to drive down the rate, deliver low rates with no or low costs to our clients, and improve constantly in providing excellent customer service. We have closed successfully over 20, 000 loans and most of the loans are closed 25 days or less. We have an innovative website that clients can visit at https://loanfactory.com.