USDA Vs. FHA Pro and Con comparison in Manistique, Schoolcraft County, MI

In 2025, the USDA loan limit for Manistique, located in the county of Schoolcraft, MI, is $336,500. Meanwhile, the FHA limit for a single-family home stands at $472,030.

Utilize the Lendersa® USDA loan calculator to evaluate current USDA and FHA best rates. Determine the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA options side by side, assisting you in deciding which program in is best suited to your financial needs.

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2025 Loan Limits and Down Payment Requirements in Manistique, County of Schoolcraft, MI

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

USDA and FHA Loan Options in Manistique, MI

The goal of Lendersa® is to secure the best USDA or FHA loans for you promptly and without difficulty. Start by selecting one of three pathways connecting you to matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MI

A USDA home loan, backed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is available exclusively in rural areas. Unlike FHA loans that require a minimum 3.5% down payment, USDA mortgage loans do not require any down payment.

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



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