USDA and FHA Pro and Con in Milford, Oakland County, MI

In 2025, the USDA loan limit set for Milford, within Oakland county, MI is $336,500; meanwhile, the FHA limit is $472,030 for a single-family residence.

Employ the Lendersa® USDA loan calculator to assess the best USDA versus FHA rates today and determine the qualifying criteria such as income, credit, reserves, and necessary documents. Our sophisticated mortgage calculator lets you compare USDA, FHA, Conforming, and VA options alongside one another to help identify the best program in for your financial needs.

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2025 Loan Limits and Down Payment Requirements in Milford, Oakland, MI

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

Options for USDA and FHA Loans in Milford, MI

Lendersa® aims to promptly connect you with the best USDA or FHA loan, without hassle. Choose one of three pathways to match with lenders and USDA loan programs.

Results of Lendersa USDA loan request and matching

Understanding USDA Loans in MI

The USDA home loan, also recognized as a USDA rural development loan or USDA mortgage, is backed by the government through the Department of Agriculture. These loans are specifically for rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, USDA mortgages do not require a down payment.

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



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