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Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Current FHA Mortgage Rates in MI - Michigan FHA Mortgage

Michigan Mortgages

2024 FHA Loan Limits for Michigan

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2024 FHA loan limits for each county in Michigan are below.

Select County
County Name One Family Two Family Three Family Four Family
Alcona One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Alger One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Allegan One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Alpena One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Antrim One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Arenac One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Baraga One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Barry One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Bay One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Benzie One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Berrien One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Branch One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Calhoun One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Cass One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Charlevoix One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Cheboygan One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Chippewa One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Clare One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Clinton One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Crawford One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Delta One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Dickinson One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Eaton One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Emmet One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Genesee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Gladwin One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Gogebic One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Grand Traverse One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Gratiot One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Hillsdale One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Houghton One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Huron One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Ingham One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Ionia One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Iosco One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Iron One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Isabella One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Jackson One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Kalamazoo One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Kalkaska One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Kent One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Keweenaw One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Lake One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Lapeer One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Leelanau One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Lenawee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Livingston One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Luce One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Mackinac One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Macomb One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Manistee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Marquette One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Mason One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Mecosta One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Menominee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Midland One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Missaukee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Monroe One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Montcalm One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Montmorency One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Muskegon One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Newaygo One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Oakland One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Oceana One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Ogemaw One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Ontonagon One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Osceola One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Oscoda One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Otsego One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Ottawa One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Presque Isle One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Roscommon One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Saginaw One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Sanilac One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Schoolcraft One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Shiawassee One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
St. Clair One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
St. Joseph One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Tuscola One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Van Buren One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Washtenaw One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Wayne One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Wexford One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300

Mortgage Rates by State

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