USDA Loans in Michigan

From the hardworking city of Detroit all the way up to the Upper Peninsula, Consumer Real Estate has helped guide the citizens of Michigan explore their USDA Home loan options. For many citizens of this beautiful Great Lakes State, these government-backed, no money down, low interest rates loans have helped make their dreams of home ownership become a reality.

If you are looking for a simple solution to home ownership, Michigan USDA Home loans offer:

  • 100% Financing up to the appraised value
  • Low Interest Rates
  • Flexible Guidelines and Credit Qualification
  • No  Loan Amount Limitations on Michigan Property

Michigan Areas that Qualify for a USDA Loan

Yes, to qualify for a USDA Loan in Michigan, the property must be located within a USDA approved rural area. This, however, is not meant to imply that USDA Home Loans are only available to those residents who reside in farming communities.

Instead, there are a number of qualifying areas located all throughout the state of Michigan. As a guide, qualifying areas generally will:

  • Be located outside a major metropolitan area
  • Have a population of less than 20,000 residents

Because of the varying guidelines, you should never assume that your area does not qualify for a USDA Loan.  The experts here at Consumer Real Estate can help you determine property eligibility. Fill out the Application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

Michigan’s USDA Loan Income Limits by County

Another factor in determining eligibility for a USDA Loan in Michigan includes income limitations. Your yearly income cannot exceed the amount set by the USDA for the county in which you are purchasing property:

Michigan USDA Loan Adjusted Maximum Income Limits by County
Updated 10/24/2012

County Name    

1-4 Person Households
(Guaranteed Loans)

5-8 Person Households 
(Guaranteed Loans)

NON-METRO

ALCONA

$74,750

$98,650

NON-METRO

ALGER

$74,750

$98,650

ALLEGAN, MI (MICRO)

ALLEGAN

$74,750

$98,650

ALPENA, MI (MICRO)

ALPENA

$74,750

$98,650

NON-METRO

ANTRIM

$74,750

$98,650

NON-METRO

ARENAC

$74,750

$98,650

NON-METRO

BARAGA

$74,750

$98,650

GRAND RAPIDS-WYOMING, MI (MSA)

BARRY

$75,900

$100,200

BAY CITY, MI (MSA)

BAY

$74,750

$98,650

TRAVERSE CITY, MI (MICRO)

BENZIE

$74,750

$98,650

NILES-BENTON HARBOR, MI (MSA)

BERRIEN

$74,750

$98,650

COLDWATER, MI (MICRO)

BRANCH

$74,750

$98,650

BATTLE CREEK, MI (MSA)

CALHOUN

$74,750

$98,650

SOUTH BEND-MISHAWAKA, IN-MI (MSA)

CASS

$74,750

$98,650

NON-METRO

CHARLEVOIX

$74,750

$98,650

NON-METRO

CHEBOYGAN

$74,750

$98,650

SAULT STE. MARIE, MI (MICRO)

CHIPPEWA

$74,750

$98,650

NON-METRO

CLARE

$74,750

$98,650

LANSING-EAST LANSING, MI (MSA)

CLINTON

$79,000

$104,300

NON-METRO

CRAWFORD

$74,750

$98,650

ESCANABA, MI (MICRO)

DELTA

$74,750

$98,650

IRON MOUNTAIN, MI-WI (MICRO)

DICKINSON

$74,750

$98,650

LANSING-EAST LANSING, MI (MSA)

EATON

$79,000

$104,300

NON-METRO

EMMET

$74,750

$98,650

FLINT, MI (MSA)

GENESEE

$74,750

$98,650

NON-METRO

GLADWIN

$74,750

$98,650

NON-METRO

GOGEBIC

$74,750

$98,650

TRAVERSE CITY, MI (MICRO)

GRAND TRAVERSE

$75,750

$100,000

ALMA, MI (MICRO)

GRATIOT

$74,750

$98,650

NON-METRO

HILLSDALE

$74,750

$98,650

HOUGHTON, MI (MICRO)

HOUGHTON

$74,750

$98,650

NON-METRO

HURON

$74,750

$98,650

LANSING-EAST LANSING, MI (MSA)

INGHAM

$79,000

$104,300

GRAND RAPIDS-WYOMING, MI (MSA)

IONIA

$74,750

$98,650

NON-METRO

IOSCO

$74,750

$98,650

NON-METRO

IRON

$74,750

$98,650

MOUNT PLEASANT, MI (MICRO)

ISABELLA

$74,750

$98,650

JACKSON, MI (MSA)

JACKSON

$74,750

$98,650

KALAMAZOO-PORTAGE, MI (MSA)

KALAMAZOO

$74,750

$98,650

TRAVERSE CITY, MI (MICRO)

KALKASKA

$74,750

$98,650

GRAND RAPIDS-WYOMING, MI (MSA)

KENT

$75,900

$100,200

HOUGHTON, MI (MICRO)

KEWEENAW

$74,750

$98,650

NON-METRO

LAKE

$74,750

$98,650

WARREN-TROY-FARMINGTON HILLS, MI METROPO

LAPEER

$81,650

$107,800

TRAVERSE CITY, MI (MICRO)

LEELANAU

$79,800

$105,350

ADRIAN, MI (MICRO)

LENAWEE

$89,850

$118,600

WARREN-TROY-FARMINGTON HILLS, MI METROPO

LIVINGSTON

$81,650

$107,800

NON-METRO

LUCE

$74,750

$98,650

NON-METRO

MACKINAC

$74,750

$98,650

WARREN-TROY-FARMINGTON HILLS, MI METROPO

MACOMB

$81,650

$107,800

NON-METRO

MANISTEE

$74,750

$98,650

MARQUETTE, MI (MICRO)

MARQUETTE

$74,750

$98,650

NON-METRO

MASON

$74,750

$98,650

BIG RAPIDS, MI (MICRO)

MECOSTA

$74,7750

$98,650

MARINETTE, WI-MI (MICRO)

MENOMINEE

$74,750

$98,650

MIDLAND, MI (MICRO)

MIDLAND

$76,500

$101,000

CADILLAC, MI (MICRO)

MISSAUKEE

$74,750

$98,650

MONROE, MI (MSA)

MONROE

$80,850

$106,700

NON-METRO

MONTCALM

$74,750

$98,650

NON-METRO

MONTMORENCY

$74,750

$98,650

MUSKEGON-NORTON SHORES, MI (MSA)

MUSKEGON

$74,750

$98,650

GRAND RAPIDS-WYOMING, MI (MSA)

NEWAYGO

$75,900

$100,200

WARREN-TROY-FARMINGTON HILLS, MI METROPO

OAKLAND

$81,650

$107,800

NON-METRO

OCEANA

$74,750

$98,650

NON-METRO

OGEMAW

$74,750

$98,650

NON-METRO

ONTONAGON

$74,750

$98,650

NON-METRO

OSCEOLA

$74,750

$98,650

NON-METRO

OSCODA

$74,750

$98,650

NON-METRO

OTSEGO

$74,750

$98,650

HOLLAND-GRAND HAVEN, MI (MSA)

OTTAWA

$81,800

$108,000

NON-METRO

PRESQUE ISLE

$74,750

$98,650

NON-METRO

ROSCOMMON

$74,750

$98,650

SAGINAW-SAGINAW TOWNSHIP NORTH, MI (MSA)

SAGINAW

$74,750

$98,650

NON-METRO

SANILAC

$74,750

$98,650

NON-METRO

SCHOOLCRAFT

$74,750

$98,650

OWOSSO, MI (MICRO)

SHIAWASSEE

$74,750

$98,650

WARREN-TROY-FARMINGTON HILLS, MI METROPO

ST. CLAIR

$81,650

$107,800

STURGIS, MI (MICRO)

ST. JOSEPH

$74,750

$98,650

NON-METRO

TUSCOLA

$74,750

$98,650

KALAMAZOO-PORTAGE, MI (MSA)

VAN BUREN

$74,750

$98,650

ANN ARBOR, MI (MSA)

WASHTENAW

$93,450

$123,350

DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION

WAYNE

$81,650

$107,800

CADILLAC, MI (MICRO)

WEXFORD

$74,750

$98,650

 

Looking for more information?  Learn more about Rural Development Loans in Michigan by contacting Consumer Real Estate today!



Real Time Web Analytics