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With the Fed likely sidelined for the summer, what's likely to happen with mortgage rates? See our latest Two-Month Mortgage Rate Forecast.

With the Fed likely sidelined for the summer, what's likely to happen with mortgage rates? See our latest Two-Month Mortgage Rate Forecast.

Current FHA Mortgage Rates in MI - Michigan FHA Mortgage

Get FHA mortgage rates

Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".
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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.

County Name One Family Two Family Three Family Four Family
Alcona One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Alger One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Allegan One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Alpena One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Antrim One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Arenac One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Baraga One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Barry One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Bay One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Benzie One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Berrien One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Branch One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Calhoun One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cass One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Charlevoix One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cheboygan One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Chippewa One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Clare One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Clinton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Crawford One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Delta One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Dickinson One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Eaton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Emmet One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Genesee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Gladwin One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Gogebic One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Grand Traverse One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Gratiot One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Hillsdale One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Houghton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Huron One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ingham One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ionia One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Iosco One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Iron One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Isabella One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Jackson One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Kalamazoo One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Kalkaska One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Kent One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Keweenaw One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Lake One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Lapeer One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Leelanau One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Lenawee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Livingston One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Luce One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Mackinac One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Macomb One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Manistee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Marquette One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Mason One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Mecosta One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Menominee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Midland One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Missaukee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Monroe One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Montcalm One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Montmorency One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Muskegon One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Newaygo One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oakland One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oceana One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ogemaw One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ontonagon One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Osceola One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oscoda One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Otsego One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ottawa One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Presque Isle One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Roscommon One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Saginaw One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Sanilac One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Schoolcraft One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Shiawassee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
St. Clair One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
St. Joseph One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Tuscola One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Van Buren One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Washtenaw One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Wayne One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Wexford One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
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