USDA Vs. FHA Pro and Con comparison in Lake-Orion, Oakland County, MI
In 2026, within the county of Oakland in Lake-Orion, MI, the USDA loan limit is set at $285,000. For the FHA, it stands at $356,362 for a single-family dwelling.
Leverage Lendersa® USDA loan calculator to contrast today's USDA against FHA best rates, and determine income, credit, reserves, plus documents necessary for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, helping you ascertain which scheme in best fits your unique financial circumstances.
2026 loan limits and downpayment requirements in Lake-Orion, Oakland, MI
Loan Type
Loan Limit
Down payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA loan options in Lake-Orion, MI
Lendersa® aims to secure you the most attractive USDA or FHA loan quickly and smoothly. Choose among three initiation paths, each leading to corresponding lenders and USDA loan programs.
A USDA home loan, administered by the Department of Agriculture, is another name for the USDA rural development loan or USDA mortgage, intended for rural areas exclusively. Unlike FHA loans that mandate a minimum 3.5% down payment, USDA mortgages require no down payment at all.
Perfect Circle Credit Union has served working families in Wayne and Henry Counties, helping them meet their financial needs and achieving their goals. Almost ninety years later we are still dedicated to the philosophy of “People Helping People”, and helping our members build better lives.
First Bank Richmond is a community-oriented financial institution headquartered in Richmond, Indiana. First Bank Richmond provides full banking services to individuals and businesses through its eight branches located in Indiana and five branches and one loan production office in Ohio.
WUFFACE Federal Credit Union aspires to create valuable and trusted lifelong relationships that improve the financial well being of our members and the communities we serve. We provide exceptional personalized service delivered with respect and concern for our members. WUFFACE is an acronym for Wayne, Union, Fayette, Federal and County Employees.
Wayne County Federal Credit Union is a federally chartered credit union serving Wayne county and their families. Since we keep things local, we give our personal touch to every transaction. We offer home banking, loans, checking, savings mortgage and online bill paying. All with your WCFCU account. Stop in and see what we can do for you.
Richmond City Employees Federal Credit Union has been open for over 50 years. Membership is open to the City Employees, employees of Morrisson-Reeves Library and Frontier/Verizon employees, and RP&L employees. Membership is also available to immediate family members of an existing member.
Natco Credit Union is a member-owned financial institution. Natco operates as a not-for-profit organization, with the interests of our members in mind. That makes us significantly different from banks, which are driven to operate at a profit to their stakeholders. We were established in 1944 and have provided a variety of accounts.
HCPFCU is NCUA Insured and an Equal Housing Lender. Our credit union opened its doors in 1975, specifically to serve Reid Health Employees. Since then, we have expanded to offer our services to any health care employee in the community, as well as their entire family! We do business in accordance with the Fair Housing Opportunity Act.
Founded in 1900, Mars Bank has invested and served the same communities in which we live. Primarily focused on Southern Butler, Eastern Beaver and Northern Allegheny counties, we are committed to this area and its communities.
Mars Bank is committed to remaining a relationship driven, independent community bank which offers competitive products
First Choice Mortgage Services Inc is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools.
