USDA Vs. FHA your options comparison in Newberry, Luce County, MI

In 2026, the USDA loan cap for Newberry, in Luce, MI, is $336,500. The FHA limit for a single-family home is $472,030.

Use Lendersa®'s USDA loan calculator to weigh today's prime USDA against FHA rates. Determine the required income, credit, reserves, and documents to qualify. Our advanced calculator compares USDA, FHA, Conforming, and VA side by side, assisting you in choosing the right program for your financial needs in .

Compare loan offers from 100 lenders

2026 Loan Limits and Downpayment Details in Newberry, Luce, MI

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

Loan Options in Newberry, MI

Lendersa® aims to quickly connect you with the best USDA or FHA loan. Choose a starting point to access corresponding lenders and USDA loan programs.

Lendersa USDA loan matching results

Understanding USDA Loans in MI

A USDA home loan is guaranteed by the government through the Department of Agriculture, known as the USDA rural development loan or USDA mortgage, exclusive to rural areas. Unlike FHA loans needing a 3.5% down payment, USDA 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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