USDA Vs. FHA Pro and Con comparison in Clare, Clare County, MI

In the year 2025, the USDA loan limit for Clare, located in the county of Clare, MI, amounts to $336,500. In contrast, the FHA limit for a single-family home is set at $472,030.

Take advantage of the Lendersa® USDA loan calculator to compare the top USDA versus FHA rates in the market today. Additionally, determine the necessary income, credit profile, reserves, and documents required for qualification. Our advanced mortgage calculator effectively showcases USDA, FHA, Conforming, and VA loans side by side, aiding you in selecting the most suitable financial product in , tailored to your specific financial situation.

Discover and evaluate loan offers from 100 distinct lenders

2025 Loan Limits and Down Payment Requirements in Clare, County of Clare, MI

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

Exploring USDA and FHA Loan Solutions in Clare, MI

The primary objective of Lendersa® is to swiftly secure the most favorable USDA or FHA loans for you, minimizing complications. Begin with one of three suggested pathways that align with matched lenders and USDA loan solutions.

Lendersa USDA loan inquiry and matched outcomes

What Does USDA Loan Mean in MI?

A USDA home loan is backed by the government via the Department of Agriculture, also referred to as a USDA rural development loan or a USDA mortgage, and is exclusively accessible in rural areas. Unlike FHA loans, which mandate a minimum down payment of 3.5%, USDA loans are distinctive in that they require no down payment whatsoever.

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



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