USDA and FHA Pro and Con in Ishpeming, Marquette County, MI

For 2025, the USDA loan limit in Ishpeming, within Marquette county, MI, stands at $336,500, while the FHA ceiling for a single-family home is $472,030.

To compare today’s leading USDA and FHA rates, use Lendersa®'s USDA loan calculator. It helps you determine the income, credit, reserves, and documents required for eligibility. With our advanced mortgage calculator, you can see side-by-side comparisons of USDA, FHA, Conforming, and VA loans, guiding you to choose the most suitable program for your financial situation in .

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2025 Loan Limits and Downpayment Requirements in Ishpeming, Marquette, MI

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Options in Ishpeming, MI

The mission of Lendersa® is to secure the best USDA or FHA loan for you as swiftly and easily as possible. You have three approaches to connect with suitable lenders and programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MI

A USDA loan, also known as a USDA rural development loan or mortgage, is government-backed by the Department of Agriculture and is exclusively for rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans demand no down payment, offering distinct benefits to eligible individuals.

Enter your location to find out if it qualifies for USDA rural housing loan?



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