USDA Vs. FHA Pro and Con comparison in Ludington, Mason County, MI
In 2026, the USDA loan limit for Ludington in Mason, county of MI, is $336,500. For a single-family home, the FHA limit is set at $472,030.
Utilize the Lendersa® USDA loan calculator to compare today’s top USDA versus FHA rates, determining the required income, credit, reserves, and documentation to qualify. With our advanced mortgage calculator, see side-by-side comparisons of USDA, FHA, Conforming, and VA options to assist in selecting the best program in tailored to your financial needs.
2026 Loan Limits and Downpayment Requirements in Ludington, Mason, 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 Ludington, MI
The mission of Lendersa® is to promptly secure the most suitable USDA or FHA loan for you without hassle. Begin with any of the three pathways that match you with the right lenders and USDA loan programs.
The USDA home loan, also known as a USDA rural development loan or mortgage, is government-guaranteed through the Department of Agriculture. Available solely in rural neighborhoods, this loan requires no down payment, unlike FHA loans which mandate a minimum of 3.5% down payment, offering significant benefits to qualified borrowers.
For over a century, we have remained committed to helping the people and businesses of the West Shore community improve their financial well-being. As a local business, we employ over 100 people at nine full-service banking offices in Mason, Oceana, Manistee, Benzie and Grand Traverse counties. All of our employees live.
Safe Harbor Credit Union was chartered in 1952 by employees of the Ludington Plant of Dow Chemical Company. The founders established our credit union to provide a safe, friendly environment where Dow’s Ludington employees and their families could place their savings and receive a good rate of return, as well as borrow for productive purposes.
Filer Credit Union first opened its doors in 1951 in an office at the American Box Board Company (currently PCA). The credit union has long since moved out of the plant, but we will never forget our roots or the men and women who first introduced the credit union movement to our area. Interestingly enough
At Shelby State Bank, we pride ourselves on the community-based banking we have offered since 1931 in Shelby, Michigan. We may have grown to ten branches since then, but each retains that sense of community. We're right down the street, and online when you just can't make it to the bank.
Lake-Osceola State Bank, a locally-owned community bank, is in the business of successfully providing financial products and services. We will provide Customer Care by determining their needs and striving to exceed their expectations. We will work side by side with the community to support, assist, and promote improvement to our quality of life.
HarborLight Credit Union is a full service financial institution serving Muskegon, Oceana, Newaygo and Northern Ottawa counties. If you live or work in any of these counties, you can bank with us!Credit Union is a full service financial institution serving Muskegon, Oceana, Newaygo and Northern Ottawa counties.
Gerber Federal Credit Union was founded here in Michigan, and we’re focused on growing here. Our promise is to provide high quality services to satisfy member financial needs through competitive products and services and friendly, well-trained, caring employees applying the latest technology.
Wexford Community Credit Union is a full-service, not-for-profit financial institution. We offer our members attractive rates and terms on all types of services. The employees of Wexford Community Credit Union pride themselves on the personal service they provide to you, our member.
Genisys Mortgage Professionals was formed to provide maximum financing choices to our community. Specifically, we designed Genisys to provide specialized service to the primary residence market and especially to first-time home buyers. In 2010, Genisys became part of J. Virgil, Inc., a full service mortgage lender.
