USDA VS FHA in Harper-Woods, Wayne County, MI

In 2025, the USDA loan limit for Harper-Woods, located in the county of Wayne, MI, is $285,000. In contrast, the FHA limit for a single-family home is $356,362.

Utilize the Lendersa® USDA loan calculator to evaluate today's optimal USDA and FHA rates. It helps ascertain required income, credit, reserves, and documentation for qualifying. With our comprehensive mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, assisting in selecting the best program in for your specific financial situation.

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2025 Loan Limits and Downpayment Requirements in Harper-Woods, 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 Harper-Woods, MI

The goal of Lendersa® is to efficiently secure the best USDA or FHA loan for you, hassle-free. Choose one of three starting points to connect with matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in MI?

A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is guaranteed by the government through the Department of Agriculture and is available exclusively in rural areas. Unlike FHA loans, which require a 3.5% minimum down payment, USDA loans have no down payment requirement, offering a significant benefit to eligible borrowers.

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



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