USDA VS FHA in Hancock, Houghton County, MI

In 2025, the USDA loan ceiling in Hancock, located in Houghton County, MI, is $336,500, while the FHA limit for a single-family home is $472,030.

Leverage the Lendersa® USDA loan calculator to compare today's best rates for USDA versus FHA loans, and to determine the income, credit, reserves, and documentation necessary for qualification. Our advanced mortgage calculator provides a side-by-side view of USDA, FHA, Conforming, and VA loans, facilitating the best decision for your financial requirements in .

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2025 Loan Limits and Downpayment Requirements in Hancock, Houghton County, MI

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Options in Hancock, MI

Lendersa® aims to provide the most suitable USDA or FHA loan with ease and speed. Start with one of three options that connect you to lenders matching USDA loan programs.

Lendersa USDA loan request and matching results

Explaining USDA Loans in MI

A USDA home loan, guaranteed by the Department of Agriculture, often called a USDA rural development loan, is offered only in rural areas. Unlike FHA loans requiring at least a 3.5% down payment, a USDA mortgage requires no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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