USDA VS FHA in Sault-Ste.-Marie, Chippewa County, MI
In 2026, the USDA loan limit in Sault-Ste.-Marie, Chippewa county, MI is set at $285,000, while the FHA limit for a single-family home is $356,362.
You can use Lendersa®'s USDA loan calculator to compare the current best rates between USDA and FHA loans. This tool assists in determining the necessary income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA loan options, helping you decide which program in best suits your financial needs.
2026 Loan Limits and Down Payment Requirements in Sault-Ste.-Marie, Chippewa, MI
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA Loan Options in Sault-Ste.-Marie, MI
Lendersa® aims to quickly and easily secure the best USDA or FHA loan for you. Choose one of the three initial options to find matching lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is backed by the Department of Agriculture and exclusively available in rural areas. Unlike FHA loans that require a minimum down payment of 3.5%, USDA loans need no down payment, offering a significant advantage.
402 West Spruce Street, Sault Sainte Marie, MI, 49783
Lends in Michigan
Chippewa County Credit Union Over the years, the credit union grew. An office was opened and employees were eventually hired. The name underwent a few changes, of course staff has changed, and we’ve moved to a bigger space, but we’re still the same. We take pride in being able to serve not only teachers and school administrators.
119 East Water Street, Unit 1, Sault Sainte Marie, MI, 49783
Lends in Michigan
Federal Employees of Chippewa County Credit Union is dedicated to service the financial and economic well-being of our members, while giving constant consideration to their present and future needs, while striving to exceed their expectations. We are a small Credit Union located inside the beautiful Army Corps of Engineers Building on Water Street
4489 I-75 Business Spur, Sault Sainte Marie, MI, 49783
Lends in Michigan
Established in 1958, Soo Co-op Credit Union is a not-for profit Financial Cooperative serving over 23, 000 members in the Eastern Upper Peninsula. With a passion for continuous improvement, our focus is to provide personalized service and a complete range of financial services designed to meet the individual needs of our members
Our Mission is to provide superior financial services and products to the businesses, individuals, and communities we serve. Our organization is a result of our community's desire to have more than one locally owned and controlled commercial banking option. Our success will be achieved by our unwavering efforts toward
Central Savings Bank has 9 locations with over 60 employees and more than $400 million in assets. The Bank is very involved in the communities it serves with organizations like United Way of the EUP, War Memorial Hospital’s Road to Recovery, Relay For Life of the EUP, the schools near its branches and many other local causes annually.
As a result of the economic surge created by lumbering operations in the latter 1880's, the First National Bank of St. Ignace was organized by Otis W. Johnson, who also served as the bank’s first President. The Hackley’s, a lumbering family from Muskegon, were also organizers. A national banking charter was granted on May 7, 1888.
DeTour Drummond Community Credit Union was established in 1960. We have been serving residents and visitors to the DeTour and Drummond Island Area since day one. Our ATMs are located at the Credit Union on Drummond Island and at the DeTour Branch, as well as Yooperman Bar & Grill in Goetzville.We are happy to assist you
We are recognized as one of the outstanding credit unions in the state and have an established reputation for excellent service & reasonable rates.CREDIT UNIONS are organizations of PEOPLE, not money. Our mission at Tahquamenon Area Credit Union is to provide you, our member & friend, products & services to meet your needs in a safe & sound manner.
Straits Area Federal Credit Union, you’ll save. When your checking account is with Straits Area Federal Credit Union, you’ll save. Every time you use a credit card from us, you’ll save.We have three convenient Northern Michigan locations: Cheboygan, Indian River, and Mackinaw City.
