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
Compare loan offers from 100 lenders
| Loan Type | Loan Limit | Down Payment | |
| USDA | $285,000 | 0% | |
| FHA | $356,362 | 3.5% | |
| Conventional Conforming | $548,250 | 3% |
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.
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.
Enter your location to find out if it qualifies for USDA rural housing loan?
|
|
|
|
|
|
|
|
|
Bridge Loan Guides
