USDA Vs. FHA Pro and Con comparison in Dearborn-Heights, Wayne County, MI
For the year 2025, the USDA loan limit in Dearborn-Heights, located in the county of Wayne, MI, is $285,000. Meanwhile, the FHA loan limit for a single-family home is set at $356,362.
Utilize Lendersa® USDA loan calculator to assess the best current rates between USDA and FHA loans, and find out the necessary income, credit score, reserves, and documentation needed for qualification. With our comprehensive mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, which helps you decide on the most suitable program in for your financial situation.
Examining 2025 Loan Limits and Downpayment Requirements in Dearborn-Heights, Wayne, MI
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Navigating USDA and FHA Loan Options in Dearborn-Heights, MI
At Lendersa®, we aim to secure the best USDA or FHA loan for you efficiently and with minimal hassle. Choose from one of the three starting points that will align you with matching lenders and USDA loan programs.
A USDA home loan is a mortgage program guaranteed by the Department of Agriculture, also referred to as a USDA rural development loan or USDA mortgage, available predominantly in rural areas. In contrast to FHA loans, which require a minimum 3.5% down payment, USDA loans offer the benefit of needing no down payment at all.
We are a locally owned & operated financial institution. We have protected the finances of residents and employees in Michigan since 1953, and our long history has established us as a trusted financial institution and advisor to our members.
Formed in December of 1953, what exists today was originally the Consolidated Paper Credit Union (CPCU)
"We believe that getting a great rate on your home loan should be easy. One way we accomplish this is offering to educate our clients about the process up front, so they can avoid many of the common mistakes that occur with other mortgage brokers and lenders.
We take a client first approach. Each client is extremely important to us,"
Our mission is to Simplify a very complex industry...We promise to deliver the best possible advice and the most productive solutions to our clients. We can proudly state that collectively our team has worked together for Twenty Years. We share our ideas and strategies.It is our Privilege and our Obligation to serve You.
376 Beach Farm Circle, Suite 746, Highland, MI, 48357
We are your family owned neighborhood Mortgage Brokerage serving Michigan. We work with stellar top tier lenders to offer you the most competitive products on the market. We are veteran and woman owned and operated. MultiResource is here to serve you for ALL of your home financing needs.
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.
2388 Genoa Business Park Drive, Brighton, MI, 48114
Mortgage Capital Solutions is a medium size mortgage originator intent on providing exceptional, individualized service and maintaining supportive, lasting relationships with borrowers, Realtors and builders. We are dedicated to our clients and work hard to develop programs and lending options that are suitable to the people we serve.
Michigan United Mortgage, L.L.C. opened its doors in September of 2005. We are built with a team of experienced Loan Originators and Processors. We have ALL been dedicated to this industry and communities for many, many years, and pooled together to establish a company that takes pride in doing unto others.
Honest Mortgage Co. operates as a mortgage brokerage, and we’re very proud of that. Because of that, and our access to programs and interest rates from the largest wholesale mortgage lenders in the country, we can save you money by lowering your interest rate and keeping your closing costs as low as possible.
At Arbor One Mortgage Group, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
Ijara Community Development Corp is a Michigan non-profit dedicated to educate and help the Muslim community avoid Riba/ Interest. Our goal is to be your source for Islamic Finance solutions. Whether you are looking for an Islamic loan for your home or business, we have a competitive solution that will meet your needs.
PLB Lending, LLC was opened by Patricia Bidus in 2001 in Washington Township, Michigan. The main goal of the company is to assist our community with all of its mortgage needs. As a full service mortgage broker, we have always put our clients first. Going the extra mile to make sure they always receive the lowest rates and costs.
