USDA Vs. FHA Pro and Con comparison in Waverly, Eaton County, MI

In 2025, the USDA loan limit for Waverly, located in Eaton County, MI, is $336,500, while the FHA limit for a single-family home is $472,030.

Utilize the Lendersa® USDA loan calculator to compare today's leading USDA vs. FHA rates, and determine the income, credit, reserves, and documents needed to qualify. Our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA options side by side, aiding your decision for the best program in based on your financial situation.

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2025 Loan Limits and Down Payment Requirements in Waverly, County of Eaton, MI

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

Exploring USDA and FHA Loan Options in Waverly, MI

Lendersa® aims to provide you with the optimal USDA or FHA loan efficiently and without hassle. Start with one of three paths that help connect you to lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in MI

The USDA home loan is a government-backed program by the Department of Agriculture, commonly called USDA rural development loan or mortgage, and is available only in rural areas. FHA loans require a minimum 3.5% down payment, whereas USDA mortgages require none.

Enter your location to find out if it qualifies for USDA rural housing loan?



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