USDA VS FHA in Traverse-City, Grand Traverse County, MI
In 2026, 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.
2026 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.
Lisa Haggai have been in the Reverse Mortgage industry for over 20 years. She proud to say that customer service is the #1 thing that my clients compliment me on. She work for YOU, not the lender! Because She work with multiple lenders, Lisa truly have access to finding the absolute best product fit for your individual needs.
810 S Garfield Ave, Suite A, Traverse City, MI, 49686
Lends in Michigan
23 years of combind experience in the mortgage industry - Versatile Mortgage, a premier wholesale lender providing mortgage and home financing services for Northern Michigan. Based in Traverse City, Versatile Mortgage offers a full range of loan products and is widely known for its in house 100% construction loan program.
TBA Credit Union is a locally managed community credit union in Traverse City, Michigan, offering financial solutions to anyone living in the state of Michigan. For over 50 years, TBA Credit Union has served the community and is dedicated to offering you a comprehensive selection of checking, savings, lending and investment services.
F5 is refreshing the mortgage process by leveraging technology to ensure ultra-competitive mortgage rates without the hassle of unwanted hard sales tactics. F5 Mortage delivers incredible wholesale mortgage options across Michigan, Georgia, Florida, and Colorado. Backed by almost a decade of professional experience.
4Front Credit Union is a member-owned financial. Your financial well-being is at the heart of 4Front Credit Union’s pledge to you, and while plenty of financial institutions make promises, we follow through by ensuring our members enjoy some of the lowest rates on loans and the highest rates on deposits they can find.
Traverse Catholic Federal Credit Union begins in 1950, when a group of employees at Parts Manufacturing Company in Traverse City, received a federal charter to form a credit union for their company. One employee, Lawrence Weber, and his wife, Ann, willingly took on the large responsibility of running the credit union out of their own home.
The history of Alden State Bank began in 1906 when the Farmers & Merchants Bank was organized as a privately held unincorporated bank. The bank was located in the East half of Higgins Store in downtown Alden. In 1924 the bank moved down the street to a building on Torch Lake near the boat launch.
Our mission is to provide our members with quality financial services, giving special attention to their individual needs. Forest Area Federal Credit Union was organized on September 19, 1983. The original office of the credit union was located at Larr’s Sporting Goods in Fife Lake, MI, until such time that an alternate location could be found.
Honor Bank isn’t the biggest bank in Traverse City & we like it that way. It means our bank accounts, mortgages, business loans & more are shaped by you. It means that since 1917, we’ve grown with the region, offering products like debit-card cash back & ATM refunds. The principles of our Honor Code are not open to negotiation.
