USDA Loan Vs. FHA loan pro & con Houghton-Lake, Roscommon County, MI

In 2025, the USDA loan limit for Houghton-Lake, in the county of Roscommon, MI, is $285,000. The FHA limit for a single-family home is $356,362.

Utilize Lendersa®'s USDA loan calculator to compare today's top USDA and FHA rates. Identify the income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator lets you view USDA, FHA, Conforming, and VA options side by side, guiding you in selecting the best program for your financial circumstances in .

USDA and FHA Loan Options in Houghton-Lake, MI

The goal of Lendersa® is to quickly secure the best possible USDA or FHA loan for you, without hassle. Begin by selecting one of three pathways leading to matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MI

USDA home loans, insured by the Department of Agriculture, are referred to as USDA rural development loans or mortgages, and are available only in rural areas. In contrast to FHA loans that require at least a 3.5% down payment, USDA loans require no down payment.

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(989) 356-3577 Lender's profile and map Reviews Alpena Alcona Area Credit Union 1100 S Bagley Street, Alpena, MI, 49707 Alpena Alcona Area Credit Union as a financial institution, as a leader in our community and as an employer. As an employer, AAACU values its staff and provides competitive wages and benefits to both full and part-time employees. As a leader in the community, we focus on reinvestment, charitable contributions and “people helping people.”
(989) 269-8077 Lender's profile and map Reviews Northstar Bank 1100 East Caro Road, Caro, MI, 48723 Northstar Bank is a locally owned and operated bank and proud to be a top-producing lender by Independent Banker®! Let Northstar Bank, one of the most responsive, relationship-based banks in Michigan, partner with you. Our commitment to superior service and local decision making will ensure an excellent banking venture for you.
(231) 352-9392 Lender's profile and map Reviews Frankfort Community Federal Credit Union 921 Forest Avenue, Frankfort, MI, 49635 Frankfort Community Federal Credit Union (FCFCU) was founded in 1959 based on the guiding philosophy of credit unions everywhere: “People Helping People.” Over the years, we have grown from our small beginnings to an integral and respected part of the financial community in Benzie County.
(231) 352-9691 Lender's profile and map Reviews State Savings Bank MI 703 Main Street, Frankfort, MI, 49635 Since 1901, State Savings Bank has been caring for the financial needs of our neighbors in northwest Michigan. Because our roots run deep here, we can better serve you—whether you're buying a home, running a business, investing for your future, or just looking for a friendly place to bank.
(989) 738-5235 Lender's profile and map Reviews The Port Austin State Bank 62 East State Street, Port Austin, MI, 48467 The original Port Austin Bank building was built in 1884 by Richard Winsor and his associate, Horace G. Snover, to house their successful banking, law and insurance firm of Winsor & Snover. Both men were important factors in the political affairs of that period. Mr. Snover served as a probate judge and also as U.S. Representative.
(231) 924-4880 Lender's profile and map Reviews Gerber Federal Credit Union 508 W State St, Fremont, MI, 49412 Gerber Federal Credit Union was founded here in Michigan, and we’re focused on growing here. Our promise is to provide high quality services to satisfy member financial needs through competitive products and services and friendly, well-trained, caring employees applying the latest technology.
(989) 224-9511 Lender's profile and map Reviews Journey Federal Credit Union 1200 Zeeb Drive, Saint Johns, MI, 48879 Journey Federal Credit Union was formed as a result of the merger between two local employee credit unions in 1972. Formerly Clinton County Federal Credit Union, we now serve the residents and employees of Clinton, Gratiot & Shiawassee Counties. Relatives of current members (whether related by blood or marriage) may also join Journey Federal Credit
(989) 843-6145 Lender's profile and map Reviews Mayville State Bank 37 E. Ohmer Rd., Mayville, MI, 48744 Mayville State Bank has seen quite a bit of history since opening its doors: two great wars, the Great Depression and President Roosevelt’s famous four-day bank holiday (during which Mayville State Bank remained open), political and social turmoil and on through to the age of technology we live in today.
(989) 723-3859 Lender's profile and map Reviews Metro Mortgage Group 405 E. Main Street, Owosso, MI, 48867 We are a small company that takes pride in having a vested personal interest in your financial success. We are a lender, not a broker, so we have a vested interest in your success. To us, an educated buyer is a good buyer. While we maintain a small size, we have strategic partners that allow us to offer all the products the biggest player
(989) 734-4734 Lender's profile and map Reviews Huron National Bank 200 East Erie, Rogers City, MI, 49779 Huron National Bancorp, Inc, a bank holding company, provides a broad range of banking services to businesses and individuals in the Presque Isle County area. Its sole subsidiary, Huron State Bank, was founded on May 12, 1980. HNB is independently owned and is managed by experienced professionals with strong ties to the area.
(989) 734-4130 Lender's profile and map Reviews Calcite Credit Union 478 N. Third St., Rogers City, MI, 49779 At Calcite Credit Union, our goal is to offer our members caring, truthful service, along with affordable financial products. Serving all those who live, work, worship, attend school, or have family in Presque Isle, Cheboygan, Alpena, & Emmet Counties! We provide members caring, truthful service, along with affordable financial products.
(616) 527-3900 Lender's profile and map Reviews Michigan One Community Credit Union 510 S Dexter Street, Ionia, MI, 48846 Moments after walking into one of our lobbies you’ll see there’s something different about M1. Our employees greet you with gratitude, eager to serve you as our member and financial partner. This people-first way of doing business is something you might not expect from a financial institution, but it’s just the norm here.