USDA Loans Onaway, Michigan

The Onaway, Michigan USDA Home loan is a great choice for borrowers looking to buy a home with NO MONEY DOWN.  When home buyers hear USDA rural they often think of farms or underdeveloped areas.  In most cases you can find USDA eligible properties just outside of major Michigan cities.  USDA is creating loans all across the country, including suburban towns that are anything but rural. In fact, in some countries like Michigan, the vast majority of the country is eligible for USDA loans. Find out if a property in Onaway, MI is USDA home eligible by calling 888-767-0554. USDA home loan experts are standing by and ready to help.  Connect with a licensed USDA specialist, ask questions, see what cities qualify, and get free quotes.

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Finding the Perfect Home Loan

Thousands of consumers in Onaway, MI are ready for home ownership.  Securing the right home loan doesn’t have to be hard, we have solutions for less than perfect credit and even those with little savings or down payment. To help Onaway home buyers overcome challenges we offer more programs and the extra benefit of wholesale rates.  We simplify the home buying and refinancing challenges presented by 2025 Onaway mortgage guidelines. At USDA RuralMortgage.com, our mission is to get you approved for a Onaway, Michigan USDA mortgage and into your home with payments you can afford. Even if you think you won’t qualify, our highly trained specialists will work with you closely on an individual basis to:

  • Review your finances to find a payment you can afford.
  • Improve your credit score if needed to qualify.
  • Obtain pre-approval to shop for a USDA Eligible Home.
  • Secure a loan and purchase your new home!

Working around Credit Issues with Top Rated Specialists

The USDA Rural Mortgage team is celebrating its 28th year in business.  Our experience allows for consumer mortgage confidence especially with Onaway, MI first time home buyers.  We navigate consumers through the mortgage process, explain options and find what choice works best for you. We specialize in more than just USDA rural mortgage loans.  Check out consumer home buyer GRANT options, FHA loans and our Bad credit home loan options.

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    Once this form is completed you will have the option to start your USDA mortgage application.

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    Onaway, MI USDA Benefits

    • No down payment required
    • Low 30 year fixed rate
    • 100% financing
    • Can finance closing costs if appraisal above sales price
    • Competitive rates (as set by the underwriting lenders)
    • Minimal mortgage insurance required
    • No cash contribution required from borrower
    • Gift Funds Allowed
    • No maximum loan amount (although there are family income limits)
    • No reserves required
    • Streamlined credit approval for scores above 640
    • Can refinance an existing USDA loan to get a better interest rate if available

    Find your Onaway, MI USDA Home Loan 888-767-0554.

    Onaway (/ˈɒnəweɪ/) is a city in Presque Isle County, just east of the Cheboygan–Presque Isle county line in the U.S. state of Michigan. The population was 880 at the 2010 census. Onaway is the Sturgeon Capital of Michigan, and there is a lake sturgeon streamside rearing facility on the nearby Black River, where the fish migrate down to the Cheboygan River and then to Lake Huron.[4]

    This farming community received a post office open on October 23, 1882 with civil engineer Thomas E. Shaw as postmaster. This office was named Shaw for him. Arriving in 1886, Merritt Chandler had platted the community under the name of Onaway. Chandler took over as postmaster with it changing its name to Onaway on March 29, 1890. On August 18, 1893, Shaw took back the postmaster position and changed the office’s name to Adalaska. Once again, the post office was renamed back to Onaway on November 15, 1897. Onaway was incorporated as a village in 1899.[5] Onaway soon became a city in 1903.[4]
    At the beginning of the twentieth century Onaway was home to one of the world’s largest wooden automobile steering wheel manufacturers, producing approximately 65% of the world’s wooden steering wheels.

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