USDA and FHA Pro and Con in Grosse-Pointe-Park, Wayne County, MI
In 2025, USDA loan limit in Grosse-Pointe-Park, county of Wayne, MI is $285,000 while FHA limit is $356,362 for a single-family home.
Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.
2025 loan limits and downpayment requirments in Grosse-Pointe-Park, county of 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®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.
USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
Faith Credit Union was initially organized to meet the financial needs of members of Cleveland’s Second Mt. Sinai Baptist Church. Since then the credit union, which is a not-for-profit and tax-exempt entity under the Internal Revenue Code, has expanded community-wide and now provides a full range of credit, savings, transaction services.
We've been helping customers afford the home of their dreams for many years and we love what we do. We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.
The mission of Wiremen’s Credit Union, Inc, is to help members gain personal financial success by providing and promoting financial services with benefits over those from other competitive sources and Wiremen’s Credit Union has grown to a $25 million financial institution, serving over 4, 300 members throughout the community.
On August 1, 2020, St. Columbkille Federal Credit Union merged with All Saints Federal Credit Union. There are now two branch locations to serve you: the St. Columbkille Branch in Parma and the St. Therese Branch in Garfield Heights. Our field of membership is open to employees and members of the Catholic Diocese of Cleveland
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