USDA Loan Vs. FHA loan pro & con Melvindale, Wayne County, MI

In 2025, the USDA loan limit for Melvindale in Wayne county, MI, stands at $336,500, whereas the FHA limit for a single-family home is $472,030.

Use Lendersa®'s USDA loan calculator to compare today’s USDA and FHA top rates, determining the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator provides side-by-side comparisons of USDA, FHA, Conforming, and VA programs, assisting you in selecting the most suitable option for your financial situation in .

USDA and FHA Loan Options in Melvindale, MI

The objective of Lendersa® is to secure the optimal USDA or FHA loan for you quickly and without hassle. Choose one of the three initial paths to connect with appropriate lenders and USDA programs.

Lendersa USDA loan request and match results

Understanding USDA Loans in MI

A USDA home loan, also termed a USDA rural development loan or mortgage, is government-backed by the Department of Agriculture and restricted to rural areas. Unlike FHA loans that mandate a 3.5% minimum down payment, USDA loans require no down payment, offering a considerable advantage to qualifying borrowers.

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(580) 532-6611 Lender's profile and map Reviews The First State Bank of Pond Creek, Oklahoma 136 West Broadway, Pond Creek, OK, 73766 The First State Bank was established in 1893 in Pond Creek, making it one of the oldest full-service banking institutions in the State of Oklahoma. The First State Bank has been the hub of financial activity for many farmers and ranchers as well as the primary lending source for many Northwest Oklahoma businessmen.
(904) 342-7959 Lender's profile and map Reviews Island Home Mortgage LLC 403 Anastasia Blvd, Saint Augustine, FL, 32080 Island Home Mortgage is a family owned and operated business led by Michael Eric Kuc. Originally from New York, Michael’s family relocated to Florida in the Orlando area as a child where later, as an adult, he would find his love for St. Augustine, Fl. After several family trips to the area with his wife, Tonya and daughter Berkley,
904-810-5617 Lender's profile and map Reviews RMG MORTGAGE GROUP, LLC 2085 A1A South, Unit 204, Saint Augustine, FL, 32080 RMG Mortgage Group, LLC has experienced loan officers and processors who have over twenty years of experience. We are a family owned and operated business. Our goal is not only to meet our customers' expectations, but to surpass them. Mortgage Group, LLC has experienced loan officers and processors who have over twenty years of experience.
(605) 224-6264 Lender's profile and map Reviews Oahe Federal Credit Union 221 E Pleasant Drive, Pierre, SD, 57501 Oahe Federal Credit Union has been providing services to employees of the City of Pierre and Ft. Pierre, the State of South Dakota, Hughes and Stanley Counties, the Federal Government, South Dakota Retailers, Capital Area Counseling, Avera St. Mary’s, Pierre Indian Learning Center, and School Systems of Pierre and their immediate family members.
(228) 475-9531 Lender's profile and map Reviews Singing River Federal Credit Union 6006 Highway 63, Moss Point, MS, 39563 Singing River Federal was organized in 1953 by the employees of International Paper (Southern Craft Mill) as a fair-rate financial cooperative. Today, Singing River Federal's more than 28, 000 members have more than $230 million in assets. Anyone who lives, works, worships or attends school in Jackson
(352) 333-4760 Lender's profile and map Reviews My Healthcare Federal Credit Union 4720 NW 39th Ave, Gainesville, FL, 32606 My Healthcare Federal Credit Union has been serving employees of thehealth care community since 1974. The credit union was originally formed under the name of HCA Federal Credit Union and was chartered to serve the health care community of North Florida Regional Medical Center in Gainesville, FL.
(352) 264-0011 Lender's profile and map Reviews Alligator Mortgage Company 2630-B NW 41st Street, Gainesville, FL, 32606 The Alligator Mortgage Company Team is your premier mortgage team located in Gainesville, Florida. We pride ourselves on offering some of the best mortgage rates in Gainesville and make the loan process simple, straightforward and fast for borrowers seeking a mortgage in the Gainesville area.
(352) 222-1135 Lender's profile and map Reviews Hometown Mortgage Services LLC 2210 NW 40th Terr, Suite A, Gainesville, FL, 32605 The loan process for a new home can be overwhelming. Because our team has experience working every job along every step of the loan application and approval, we are able to simply the process for both homeowners and REALTORS. Our team has decades of experience and holds a high standard of communication through every step of the process.
(352) 244-0840 Lender's profile and map Reviews ELITE FUNDING NETWORK 3940 NW 16th Blvd., Suite A, Gainesville, FL, 32605 Chris Doering entered the mortgage industry after a friend asked him to lead a Gainesville branch of his mortgage company. Upon learning the ins and outs of the industry, Chris Doering Mortgage finally opened its doors in April of 2007. Despite the difficult times in the housing and mortgage industry
(800) 344-3281 Lender's profile and map Reviews Navigator Credit Union 1850 Highway 90, Gautier, MS, 39553 Navigator Credit Union was born from the essential need for the average person to have access to affordable financial services. In 1938, Ingalls Shipbuilding began operations. For the first time, those who had farmed the fertile coastland or fished its well-populated waters were now gainfully employed. Because of their modest incomes,
(386) 328-5555 Lender's profile and map Reviews First Coast Community Credit Union 306 South Palm Avenue, Palatka, FL, 32177 First Coast Community Credit Union is a full-service financial cooperative serving those who live, work, own businesses or attend school in Putnam, Flagler, and St. Johns Counties, Florida. Being a cooperative means we return our profits to our members through lower loan rates and higher dividends, giving financial advantages to our members.
(386) 449-8001 Lender's profile and map Reviews Florida Real Estate Loans, Inc 2423 Reid Street, Palatka, FL, 32177 At Florida Real Estate Lending we are a team of service oriented individuals who work hard, and are ready to do whatever it takes to secure your home loan. When you connect with us, you will be one step closer to your finance goals. A mortgage originator will be in touch & make this a process you will fully understand by discussing every with you.