USDA and FHA Pro and Con in Franklin, Oakland County, MI
In 2026, the USDA loan limit for Franklin, located in the county of Oakland, MI, is $336,500. For a single-family home, the FHA limit is $472,030.
Explore today's best rates by using the Lendersa® USDA loan calculator, comparing USDA versus FHA options. This tool helps determine the income, credit, reserves, and documents needed to qualify. Our advanced mortgage calculator shows USDA, FHA, Conforming, and VA loans side by side, aiding your decision on the best program for your financial resources, especially in Alabama.
Loan Limits and Downpayment Requirements for 2026 in Franklin, County of Oakland, MI
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Explore USDA and FHA Loan Alternatives in Franklin, MI
Lendersa® strives to secure the best possible USDA or FHA loan for you quickly and effortlessly. Choose one of three starting options that lead to matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is guaranteed by the Department of Agriculture and is exclusively available in rural areas. In contrast to FHA loans that require a minimum down payment of 3.5%, USDA loans require no down payment at all.
Professional Mortgage Group was established in 1998. We continue to provide personalized service for those interested in purchasing a home or refinance their current mortgage. Here you can use our online tools to learn more about home loans and find the best loan options to suit your needs and goals.
Filer Credit Union first opened its doors in 1951 in an office at the American Box Board Company (currently PCA). The credit union has long since moved out of the plant, but we will never forget our roots or the men and women who first introduced the credit union movement to our area. Interestingly enough
The history of Alden State Bank began in 1906 when the Farmers & Merchants Bank was organized as a privately held unincorporated bank. The bank was located in the East half of Higgins Store in downtown Alden. In 1924 the bank moved down the street to a building on Torch Lake near the boat launch.
Hometown FCU was started in August of 1936 by 33 Square D Company Employees contributing a total of $25. We moved from the Square D property in January 1989 and began serving Miami County in 1991. Our name changed from Square D Federal Credit Union to Hometown Federal Credit Union to better reflect our membership base.
At Inner Lakes Federal Credit Union, each dollar of income is passed along to our members in the form of higher dividends on savings, lower interest on loans, or new and improved services. We are member owned and not-for-profit, we exist solely to serve our members and provide a smart alternative to profit-driven banks and other institutions.
Our team of professional REALTORS ® and staff use the latest in technology to communicate, market and make your real estate deal a smooth one. Our decades of experience equips us to handle your needs with confidence and integrity. Combining technology with hometown experience means "We're Home For You"
Since 1948, YSCU has been serving members with the highest quality, easy-access financial services. We provide a complete line of efficient, cost-effective financial services and tools to meet the speed and need of your life. As a not-for-profit cooperative, owned and operated by our members,
The Farmers State Bank is a Community Bank for Community People. We offer competitive deposit products for individuals and businesses. Our loan products include loans for the purchase or refinance of your personal residence; ones to purchase the vehicle of your choice; and home equity loans for the improvement of your residence.
