USDA Vs. FHA Pro and Con comparison in Grosse-Pointe-Park, Wayne County, MI
In 2025, the USDA loan limit for Grosse-Pointe-Park, located in Wayne, MI, is $285,000. Meanwhile, the FHA limit for a single-family dwelling is $356,362.
Utilize the Lendersa® USDA loan calculator to compare current top USDA versus FHA rates, and determine the income, credit, reserves, and necessary documents to qualify. Our advanced mortgage calculator provides side-by-side comparisons of USDA, FHA, Conforming, and VA options, guiding you in selecting the most suitable program for your financial needs in .
2025 Loan Limits and Down Payment Requirements in Grosse-Pointe-Park, Wayne, MI
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA Loan Options in Grosse-Pointe-Park, MI
Lendersa® aims to quickly secure you the best USDA or FHA loan without hassle. Select one of three paths leading to matched lenders and USDA loan programs.
A USDA home loan, or USDA rural development loan, is backed by the Department of Agriculture and available only in rural areas. Unlike FHA loans that require a 3.5% minimum down payment, USDA loans require none, providing an advantage to eligible borrowers.
MCS Mortgage Bankers is a mortgage bank with operations in twenty-six states. MCS Mortgage Bankers offers numerous mortgage programs including conventional, jumbo, non-owner occupied, FHA, FHA 203(k), VA, USDA and reverse mortgages. MCS Mortgage Bankers is a FREEandCLEAR Certified Bronze Low Rate Lender.
ASEAN CAPITAL, INC. was started in 1998 by Dula Amarasinghe, a 30 year veteran of International Banking Industry. During his tenure with Manufacturers Hanover Trust Company, now JP Morgan Chase Bank, he was the Team Leader handling the business of Sri Lanka, Thailand, Philippines, Pakistan and Nepal desks.
AHCU is a full-service credit union offering financial wellness and education, savings, checking, investments, deposit accounts, all loan types, and electronic services to help accommodate those busy schedules. We also offer car buying and retirement services. If you’re not a member, we hope you will join us.
6445 Lake Road Terrace, Suite 100, Saint Paul, MN, 55125
We are a not-for-profit financial institution exclusively serving the members of the U.A. Local #455 Pipefitters Steamfitters and their families. Our philosophy being, “We are member-owned, dedicated to fitting your financial needs”. We are a not-for-profit cooperative, meaning we return all of our profits to the members through lower fees.
As a “Strategic Mortgage Consultant”… Steve will explain all the options so you understand what is available. He will make sure you’re in the right product, the right MI and closing cost scenario that will meet your short & long term financial goals. If you’re a VETERAN… there is nobody that can match his knowledge or passion to help you get.
In 1935, a group of educators from Middletown, CT, founded the future Seasons Federal Credit Union. Inspired by the credit union philosophy of “people helping people,” the teachers pooled their money together to provide low-cost loans.Through their joint efforts, Northern Middlesex School Employees Credit Union was chartered in December that year.
Greater Springfield Credit Union was chartered on March 2, 1927. The original office was located on Vernon St. (now Boland Way) in Springfield. The original charter was limited to those who were Municipal Employees of the City of Springfield, family members of municipal employees who resided in Springfield, and members of the Allied.
City & County Employees Federal Credit Union Our Mission is to provide our member/owners with financial solutions and outstanding personal service. By creating opportunities to grow and diversify our services, we will promote the economic strength of our present and future members.
