FHA Vs. USDA loan program for Iron-River, Iron County, Michigan

As of 2026, the USDA loan ceiling in Iron-River, located in the county of Iron, MI, is $285,000, while the FHA loan limit for a single-family house is $356,362.

Employ the Lendersa® USDA loan calculator to contrast today's leading USDA versus FHA rates. You can assess the required income, credit, reserves, along with the documents you need to qualify. Our advanced mortgage calculator compares USDA, FHA, Conforming, and VA options side by side, aiding in choosing the optimal program for your financial scenario in .

USDA and FHA Loan Options in Iron-River, MI

Lendersa® strives to fetch you the best USDA or FHA loan swiftly and with ease. Opt from three starting pathways leading to compatible lenders and USDA loan programs.

Lendersa USDA loan application and matching results

Understanding USDA Loans in MI

A USDA home loan is backed by the government through the Department of Agriculture, frequently called the USDA rural development loan or USDA mortgage, and is offered solely in rural areas. In contrast to FHA loans, which mandate at least a 3.5% down payment, USDA loans require zero down payment.

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Iron-River Lenders
(906) 265-5131 Lender's profile and map The Miners State Bank 312 W. Genesee Street, Iron River, MI, 49935 Lends in Michigan The mission of The Miners State Bank is to remain an independent, well managed, community-oriented bank, serving customers in select markets with quality products and services that exceed their expectations. We are committed to providing a challenging work environment, thereby creating exceptional employee career opportunities.
(906) 827-3240 Lender's profile and map Settlers Federal Credit Union 14623 M-28, Bruce Crossing, MI, 49912 Lends in Michigan Settlers Federal Credit Union was established in 1932 by a small group of local farmers who had a difficult time getting financing to plant their crops or feed their livestock. The beginning financial reports showed assets of $750.00. We continue to believe in serving our communities and providing financial services.
(906) 774-6020 Lender's profile and map Iron Mountain-Kingsford Community Federal Credit Union 400 South Carpenter Avenue, Kingsford, MI, 49802 Lends in Michigan The Iron-Mountain Kingsford Community Federal Credit Union has been serving the Iron Mountain-Kingsford area for over 70 years. We are member-owned and a not-for-profit financial institution located in Kingsford, MI. We started in 1948 as the Ford Iron Mountain Employees Federal Credit Union
(906) 524-6151 Lender's profile and map BARAGA COUNTY FEDERAL CREDIT UNION 101 E Broad Street, Lanse, MI, 49946 Lends in Michigan Baraga County Federal Credit Union has been open since 1952. The credit union has assets totaling $55.92 Million and provides banking services to more than 4, 000 members. The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
(906) 563-9233 Lender's profile and map Northern Interstate Bank, National Association 501 W. US Highway 2, Norway, MI, 49870 Lends in Michigan Northern Interstate Bank, N.A. is focused on making local decisions with the best interest of our communities and customers in mind. Northern Interstate Bank, N.A. has 8 branch offices and 13 ATM locations to conveniently satisfy your banking needs. Below is the contact information and hours of operation for each office.
(906) 485-1210 Lender's profile and map TruNorth Federal Credit Union 1419 N Second Street, Ishpeming, MI, 49849 Lends in Michigan TruNorth Federal Credit Union has been open since 1949. The credit union has assets totaling $195.79 Million and provides banking services to more than 16, 000 members. The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
(906) 884-2069 Lender's profile and map Lake Superior Credit Union 801 River Street, Ontonagon, MI, 49953 Lends in Michigan Lake Superior Credit Union was established in 1959. Our mission is to insure the liquidity, stability, and growth of our Credit Union, so we will be here to serve our present and future membership and fulfill our vision and also Lake Superior Credit Union is here to provide financial services to Ontonagon County's residents and businesses.