USDA Vs. FHA Pro and Con comparison in Highland-Park, Wayne County, MI
In 2026, the USDA loan limit for Highland-Park in Wayne county, MI, is $285,000. Meanwhile, the FHA limit for a single-family home is $356,362.
Use the Lendersa® USDA loan calculator to evaluate today's top USDA vs. FHA rates, helping you determine the necessary income, credit, reserves, and documents required to qualify. Our advanced mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA options, aiding in selecting the best program for your financial needs in .
2026 Loan Limits and Down Payment Requirements in Highland-Park, 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 Choices in Highland-Park, MI
Lendersa® aims to quickly connect you with the best USDA or FHA loan without any hassle. Select one of the three options that link you with matching lenders and USDA programs.
A USDA home loan, also called a USDA rural development loan or mortgage, is endorsed by the Department of Agriculture and available only in rural locations. Unlike FHA loans needing a minimum 3.5% down payment, USDA loans require no down payment, offering a significant benefit to eligible individuals.
Premiere Mortgage One was created with the goal of providing the best value in the mortgage industry to our customers. Our loan officers are fully licensed by the U.S. Government and are held to the highest standards of licensing, testing and continuing education. They are available any time to answer any questions.
LendingInTheD Mortgage Broker is connecting real people to real resources. We are honored to employ our expertise to secure loans for buyers and owners of residential property. We make it our duty to serve our clients by offering competitive products based on the extent of our relationships with Lenders and Banks represented locally, regionally.
First Independence Bank’s mission is to be a beacon for capital accumulation for individuals and business entities by delivering financial services with an affinity for under-served and minority communities. First Independence Bank, a state‐chartered commercial bank, complies with all applicable laws, rules, regulations, and ordinances.
Credit Union ONE was founded in 1938 with the goal of providing exceptional value to its members. Today, we remain committed to delivering quality financial services at our 20 branches in Detroit, Grand Rapids & Traverse City.Credit Union ONE was founded in 1938 with the goal of providing exceptional value to its members.
A full service mortgage broker in the State of Michigan offering expert advice on 1st and 2nd lien home finance options. We make the mortgage application process easy with the latest technology, such as e-document signing and no fees to apply - EVER! New Horizons Home Finance will match you with the right lender and mortgage for your needs.
Ukrainian Selfreliance Michigan Federal Credit Union
26791 Ryan Road, Warren, MI, 48091
Lends in Michigan
USMFCU has been serving its communities since 1952 and has never stopped putting its members first. Throughout our operation we’ve been committed to bringing great financial services to our members while never sacrificing genuine care and interaction. On top of offering great rates, deals, and services
Our mission is to get to know and understand your needs, wants, and long-term goals. We want to help you develop, implement, and monitor a strategy that’s designed to address your individual situation. We understand the challenges families face today. Our commitment is to utilize all of our resources to help you pursue your goals.
We have one goal – to fulfill your financing goals and make you a happy homeowner. Mortgage City is a licensed mortgage originator based in Detroit, Michigan. We work with customers in Detroit, Royal Oak, and throughout the state of Michigan. We also can help you with your mortgage needs in Florida, New Hampshire, Ohio, Massachusetts,
Fortress Home Mortgage (NMLS ID# 135922) is owned and operated locally by John Sarkisian (NMLS ID# 136596). We utilize multiple lenders to find the best rates and products to fit the needs of our Metro Detroit borrowers. All applicants receive one on one customer service from pre-approval to closing.
