USDA Vs. FHA your options comparison in Hancock, Houghton County, MI
In 2026, 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 .
2026 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.
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.
Blackhawk Community Credit Union is a member-owned financial services organization. Our mission is to empower our members to reach their financial goals. We will do this by holding the highest standards for service while operating in an ethical and financially sound manner and providing our employees with a rewarding career.
Montcalm Public Employees Credit Union We are a non-profit cooperative financial institution completely controlled and owned by the members who save, borrow and conduct other financial business here. Because we’re non-profit, you share in the earnings of the credit union through higher dividends on your savings and reduced rates on your loans.
First Community Bank is interested in the financial wellbeing of our valued customers. Listening to your needs is the first step in supporting and guiding your financial success. Our caring and knowledgeable staff are here to listen and recommend quality financial products and services to help you reach your goals.
The Johnson Financial Group family is proud to offer a comprehensive suite of banking, wealth and insurance services.
Johnson Financial Group provides:
• full line of banking services including wealth, mortgage, leasing, consumer and commercial banking through over 30 locations in Wisconsin and Minnesota.
• management services for individ
Community Bank Owatonna is committed to helping businesses grow and expand. We offer a full range of lending products designed, competitive rates and terms, and local decision making to help your business meet its financial goals.
Our lenders, each with more than 25 years of banking experience, take pride in structuring the most effective loan.
HomeTown Credit Union is a not-for-profit financial cooperative owned by members. Serving the communities of Dodge, Rice, Steele and Waseca counties in Southern Minnesota, HomeTown Credit Union has two locations in Owatonna and one location in Faribault. Loan options include home loans, land loans, personal loans, auto loans, school loans and more.
Huron Community Bank first opened its doors in 1927 under the name Peoples State Bank. The banks first location and legacy began on the corner of Newman and State Street in East Tawas, MI. That branch was located directly across the street from what is currently known as the banks' headquarters.
First State Bank Minnesota was established in 1893, with the foresight of 9 men from the area. One of the men, John Frank became the first president of First State Bank Minnesota. The current bank building was built in 1914 by the firm Purcell and Elmslie and is in the National Register of Historic places.
First State Bank of LeCenter provides banking services. The Bank offers checking accounts, credit and debit cards, loans, payment protection, bill payment, and online banking services. First State Bank of LeCenter serves clients in the State of Minnesota. First State Bank is located in Le Center, Minnesota, and was founded in 2009.
The First National Bank of Le Center has been proudly serving the communties of Le Center and Kilkenny for over 100 years.
We think the First National Bank of Le Center Facebook page is a unique way to communicate news to you, keep you updated about things going on in our community as well as an opportunity to get to know us.
