USDA VS FHA in Traverse-City, Grand Traverse County, MI
In 2025, the loan limits in Traverse-City, Grand Traverse, MI are defined, with the USDA loan limit at $285,000 and the FHA limit for a single-family home set at $356,362.
Utilize the Lendersa® USDA loan calculator to compare today's best rates between USDA and FHA loans. Determine income, credit, reserves, and documentation needed to qualify. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA options side by side, aiding in selecting the ideal program in for your financial needs.
2025 Loan Limits and Downpayment Requirements in Traverse-City, Grand Traverse, MI
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Understanding USDA and FHA Loan Options in Traverse-City, MI
Lendersa® aims to get you the best USDA or FHA loan quickly and without hassle. Select from three starting points to find matching lenders and explore USDA loan programs.
The USDA home loan, assured by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is available exclusively in rural areas. In contrast to FHA loans requiring at least a 3.5% down payment, USDA loans require none, offering a clear advantage.
Dakota Western Bank, established in 1910, is an independent, locally-owned bank that is headquartered and operated in southwest North Dakota. DWB is the local financial services leader that partners with our customers, employees and communities to achieve economic success and DWB employees provide a positive banking experience for our valued custom
Rushmore Electric Federal Credit Union was formed to assist employees and directors of rural electric cooperatives with their financial needs and planning in September 1964. Credit Unions are non-profit financial cooperatives and member-owned, just like rural electric cooperatives.
At First Western Federal Savings Bank, you’ll find an honesty from our non-recourse lenders that you won’t find anywhere else. We take extraordinary pride in providing simple, straightforward answers to your very important questions about buying investment real- estate. As a portfolio lender for over 30 years.
We strive to create a high-performance credit union committed to offering our members a competitive advantage on products and service compared to traditional lenders and big banks. Through our commitment to become our members’ primary financial institution, we shall consistently and constantly strive to assist members to attain their personal
Highmark Federal Credit Union is Rapid City’s first credit union. Originally chartered as Rapid City Teacher’s Federal Credit Union in 1940, we are a member-owned, not-for- profit financial cooperative with six locations serving anyone located across 11 counties in Western South Dakota and Eastern Wyoming.
BHFCU has been a part of buying thousands of first cars and starter homes. We've helped hundreds go to school or back to school. Our credit cards and debit cards have bought a lot of birthday presents and groceries. We've believed in small businesses when they were little more than an idea.
2101 Mt. Rushmore Rd, Suite 300, Rapid City, SD, 57701
We are the Midwest's newest Mortgage Lender! Backed by tremendously experienced, ethical, and hardworking individuals; we have over 100 years combined experience and knowledge in the mortgage industry. In a day where it seems everyone is franchising or net branching, we are breaking out of the mold to provide better service.
Omni Home Financing in 2003, and is a leader in the Black Hills mortgage marketplace. A locally owned, boutique mortgage broker serving over 3,000 clients and over $493,000,000 funded, Omni has a great reputation for smooth, on-time, no surprises closings with the best terms, and also Black Hills marketplace in wholesale mortgage lending.
