USDA Vs. FHA your options comparison in Hamtramck, Wayne County, MI
For 2025, the USDA loan limit in Hamtramck, within Wayne county, MI, is $336,500. In contrast, the FHA limit for a single-family residence is $472,030.
Utilize the Lendersa® USDA loan calculator to compare today's USDA versus FHA best rates, assessing the needed income, credit score, reserves, and documents for eligibility. With our advanced mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, aiding your decision on the most suitable program in for your financial needs.
2025 Loan Limits and Downpayment Requirements in Hamtramck, County of Wayne, MI
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conforming Conventional
$726,200
3%
Options for USDA and FHA Loans in Hamtramck, MI
The goal of Lendersa® is to quickly connect you with the best USDA or FHA loans without hassle. Choose one of three pathways that match you to lenders and USDA loan programs.
The USDA home loan is a government-backed program from the Department of Agriculture, often called the USDA rural development loan or mortgage, designed for rural areas. Unlike FHA loans, requiring at least a 3.5% down payment, USDA mortgages require no down payment.
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Home4U Mortgage We truly understand that the home loan process can be tedious. Don't worry – our mortgage loan advisors carefully walk all our home buyers through the required paperwork and provide answers to the questions the home mortgage process can create. Our commitment to you is that we will make the process of getting your Home Mortgage Loan
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