USDA and FHA Pro and Con in Southgate, Wayne County, MI
In 2025, the USDA loan limit for Southgate, county of Wayne, MI is set at $336,500, while the FHA limit for a single-family home reaches $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best rates between USDA and FHA loans today. Assess the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator provides side-by-side views of USDA, FHA, Conforming, and VA options, aiding your selection of the optimal program in for your specific financial needs.
Review 2025 Loan Limits and Downpayment Requirements in Southgate, Wayne, MI
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Discovering USDA and FHA Loan Options in Southgate, MI
Lendersa® aims to secure the best possible USDA or FHA loan for you swiftly and without unnecessary hassle. Choose a starting point from three options that connect you to matching lenders and suitable USDA loan programs.
A USDA home loan is a mortgage backed by the Department of Agriculture, known as a USDA rural development loan or USDA mortgage, available only in rural areas. Unlike FHA loans requiring at least a 3.5% down payment, USDA loans do not require any down payment, offering a significant advantage.
At South Louisiana Bank, we offer a real commercial banking advantage over the big banks in our area. We pride ourselves on local decision making and servicing of our commercial loans. Our commercial lending staff is well versed in all aspects of corporate finance and they provide a customer-focused approach to banking.
Allegiance Home Lending is a reputable mortgage lending firm headquartered in Houma, LA. We have an array of aggressive loan programs to finance the purchase of or refinance your dream property. We offer conventional, FHA, jumbo, USDA, and VA loans as well as refinancing and purchasing aid.
La Maison, we're here to help take the mystery and stress out of lending transactions. After all, we want you to be happy in your new home or business and we want a good rate and payment plan for our buyers. Our hours are flexible to accommodate your busy work schedule and we're ready to answer any questions you may have.
Austin Bank has been serving East Texas since 1900. While we have grown to serve more locations and adapted new technology, our dedication to serving you, our customers, has remained the same since. If you would like to learn more about who we are at Austin Bank, we invite you to click on any of the links below so you can see
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Texas Mortgage Financing I work with various lenders and will find a loan that best fits your needs & budget, gathering appropriate documentation throughout the process and provide full support to ensure a smoother loan closing process you can gain a better understanding of what’s available to you
MTP Mortgage is a Texas Mortgage Broker based in Plano, Texas and serves clients purchasing or refinancing a home or commercial property located anywhere in Texas. We offer every loan program available and find the very best loan program for our clients’ unique situation and at very competitive interest rates and low fees.
Global Loans Inc. is committed to helping you find the right mortgage product of your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a your mortgage loan simple and efficient.
We are Sure Fund Mortgage and we are licensed to provide mortgage services for residential properties in Georgia and Texas. We have a team of mortgage experts to guide you through this major financial decision. We will treat you with the respect due a valued customer and give you the personal service you deserve.
