USDA VS FHA in Grosse-Pointe-Woods, Wayne County, MI
In 2025, the USDA loan upper limit for a single-family home in Grosse-Pointe-Woods, part of Wayne county, MI, is set at $285,000. In contrast, the FHA loan limit for similar properties is $356,362.
Lendersa® offers a USDA loan calculator to allow potential borrowers to weigh today's USDA against FHA rates to determine the most competitive offers. This tool helps you assess the necessary qualifications such as income, credit, reserve requirements, and documentation to successfully apply. Through our sophisticated mortgage comparison tool, you can view USDA, FHA, Conforming, and VA loan details all side-by-side, simplifying the decision-making process regarding which loan program in fits your financial scenario best.
2025 Mortgage Limits and Downpayment Details in Grosse-Pointe-Woods, Wayne, MI
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring Options for USDA and FHA Loans in Grosse-Pointe-Woods, MI
The primary goal of Lendersa® is to secure you the best possible USDA or FHA loan with speed and minimal fuss. You have the option to select from one of three starting pathways, each aimed at linking you with the ideal lenders and USDA loan programs.
A USDA home loan, also referred to as a USDA rural development loan or simply a USDA mortgage, is a government-backed loan provided by the Department of Agriculture. It is designed to be available only in rural areas. Unlike FHA loans, which necessitate a minimum down payment of 3.5%, the USDA loan does not require any down payment, offering a significant advantage to eligible borrowers in rural communities.
Franklin Savings Bank is committed to fulfilling the financial services needs of the families and businesses in New Hampshire. We consistently deliver superior quality service that exceeds the expectations of our customers. As an community savings bank, we acknowledge the importance of improving our customers' financial position.
8097 Madison Boulevard, Suite 103, Madison, AL, 35758
The mortgage process can be confusing. Our mortgage experts help make the process easy to understand! With a single application and credit report, we can show you customized options from great lenders and make sure to find the right loan for you! With a single application and credit report, we can show you great options from multiple lenders.
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.
Homefield Credit Union is a community-based credit union founded in 1966. Originally chartered as Grafton Suburban Credit Union with a field of membership including those in the Greater Grafton area, HCU has grown to include a field of membership encompassing all of Worcester and Middlesex counties.
The Hardin County Bank is a locally owned and operated, growing Financial Services Center dedicated to serving our community since 1973. With offices in Savannah, Adamsville, and Pickwick/Counce, we can provide fast, courteous service, and furnish the most up to date financial products available in the banking industry.
Bank of Crockett has a long history of service to the people of Crockett County. Established in 1887 and opening for business in the Spring of 1888, we are the oldest bank in the county. The main office has always been located on Main Street in Bells. Before the middle 1900's, we had added a branch in Crockett Mills, Tennessee.
We specialize in the home loan industry, so don't expect great deals on books, toys, airline tickets, and charge cards or auto loans. We only offer great deals on home loans. We will not auction the loan as if it were a used car. We promise to treat customers with the respect they deserve.
Emerald Credit Association FCU, you’re not just a customer but part-owner of your credit union.Member assets are pooled to provide loans & other financial services to fellow members.Credit unions are not-for-profit, which means that instead of dividends going to shareholders, profits are put back into the credit union to bring members lower fees.
Founded in 1933, CountyBank is a full service community financial institution whose family of companies includes CountyBank, CountyBank Mortgage, CountyBank Trust Services, Countybanc Insurance Services, Inc., Countybanc Investment Services, Inc., and Greenwood Capital Associates, LLC.
