USDA Vs. FHA Pro and Con comparison in Grosse-Pointe-Farms, Wayne County, MI
In 2025, the USDA loan cap for Grosse-Pointe-Farms, located in Wayne county, MI, is $285,000. Meanwhile, the FHA limit for a single-family residence is set at $356,362.
At Lendersa®, use our USDA loan calculator to easily compare the latest USDA and FHA rates. Determine the necessary income, credit score, reserves, and documents to qualify. With our state-of-the-art mortgage calculator, you can evaluate USDA, FHA, Conforming, and VA options side-by-side, assisting you in choosing the best program for your financial needs in .
Explore 2025 loan limits and downpayment details in Grosse-Pointe-Farms, Wayne county, MI
Loan Type
Loan Cap
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Understanding USDA and FHA loan choices in Grosse-Pointe-Farms, MI
Lendersa® aims to help you secure the most advantageous USDA or FHA loan swiftly and smoothly. Choose from three methods that match you with lenders and USDA loan offers.
A USDA home loan, also called a USDA mortgage or USDA rural development loan, is government-guaranteed via the Department of Agriculture and exclusive to rural zones. In contrast to FHA loans which require at least a 3.5% down payment, USDA loans require none.
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