FHA Vs. USDA loan program for Ironwood, Gogebic County, Michigan

For 2026, the USDA loan limit in Ironwood, located in Gogebic county, MI, is set at $336,500. At the same time, the FHA limit for a single-family home is $472,030.

Use the Lendersa® USDA loan calculator to evaluate today's leading USDA versus FHA rates and determine the required income, credit score, reserves, and documents for qualification. Our advanced mortgage calculator showcases USDA, FHA, Conforming, and VA options side by side, assisting you in deciding which program in is most suitable for your financial circumstances.

Exploring USDA and FHA Loan Options in Ironwood, MI

Lendersa® aims to secure the best possible USDA or FHA loan for you rapidly and with minimal hassle. Choose from three starting points to connect with suitable lenders offering the right USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in MI?

A USDA home loan, guaranteed by the Department of Agriculture and also known as a USDA rural development loan or USDA mortgage, is intended exclusively for rural areas. Unlike FHA loans which necessitate a 3.5% minimum down payment, USDA loans require no down payment whatsoever, providing substantial benefits.

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Ironwood Lenders
(906) 932-7646 Lender's profile and map Gogebic Range Bank 155 East Cloverland Drive, Ironwood, MI, 49938 Lends in Michigan We are a locally owned and operated bank that opened for business on May 20, 2002. Gogebic Range Bank, NMLS #518712, is a full-service bank offering a complete line of deposit and loan products for both consumer and business customers. We currently employ over 30 people with a total banking experience exceeding 350 years.
(906) 663-4011 Lender's profile and map Gogebic County Federal Credit Union 600 West Lead Street, Bessemer, MI, 49911 Lends in Michigan GCFCU has grown to more than 3900 members strong and exceeds $17 million in assets as of March 31, 2016. Our growth and success comes from the support of our loyal members who use our services, a dedicated group of volunteers who are elected by our members to represent them, and a friendly staff who are committed to exceeding your
(906) 224-9581 Lender's profile and map The First National Bank of Wakefield 400 Sunday Lake St., Wakefield, MI, 49968 Lends in Michigan The FNB of Wakefield continues looking to keep its community updated with the best customer service and financial products and services available. The directors and shareholders live and work in Gogebic County and know the importance of a community bank that understands the needs of its customers!
(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.
(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.