2019 FHA Loan Limits in Michigan
If you’re on the hunt for a Federal Housing Administration (FHA) loan in Michigan, you should understand the amount you will potentially be able to borrow. In Michigan, the range of FHA loan limits for a single-family home is $314,827 in the great majority of the state, but it goes up slightly, to $316,250, in a few higher-priced areas.
According to a 2018 FHA annual report, 3.04% of nationwide FHA loans originated in Michigan. A 2016 FHA report found 39,722 FHA loans were made in the state, representing $5.3 billion in value (this is the latest year for which this data is available).
As of July 1, 2018, the U.S. Census Bureau estimates Michigan’s population to be just under 10 million. The state’s largest city is Detroit, whose population was estimated at 673,104 in 2017, followed by Grand Rapids (198,829) and Warren (135,022).
Detroit has experienced a period of growth since it declared the largest-ever U.S. municipal bankruptcy, back in 2013. In 2018, the five-year reported growth rate was 0.3%, ranking the region sixth among peers. In 2017, Detroit’s population grew by more than 7,000 residents, making it the 14th largest metro area in the nation. There is more good news for the city in its population of millenials, which has grown 9.7% since that time.
Michigan FHA loan limits by county
| FHA Loan Limits in Michigan | |||||
| County | Single-Family Limit | Two-Family Limit | Three-Family Limit | Four-Family Limit | Median Sale Price |
| Alcona | $314,827 | $403,125 | $487,250 | $605,525 | $110,000 |
| Alger | $314,827 | $403,125 | $487,250 | $605,525 | $134,000 |
| Allegan | $314,827 | $403,125 | $487,250 | $605,525 | $156,000 |
| Alpena | $314,827 | $403,125 | $487,250 | $605,525 | $105,000 |
| Antrim | $314,827 | $403,125 | $487,250 | $605,525 | $164,000 |
| Arenac | $314,827 | $403,125 | $487,250 | $605,525 | $100,000 |
| Baraga | $314,827 | $403,125 | $487,250 | $605,525 | $103,000 |
| Barry | $314,827 | $403,125 | $487,250 | $605,525 | $195,000 |
| Bay | $314,827 | $403,125 | $487,250 | $605,525 | $80,000 |
| Benzie | $316,250 | $404,850 | $489,350 | $608,150 | $275,000 |
| Berrien | $314,827 | $403,125 | $487,250 | $605,525 | $129,000 |
| Branch | $314,827 | $403,125 | $487,250 | $605,525 | $98,000 |
| Calhoun | $314,827 | $403,125 | $487,250 | $605,525 | $99,000 |
| Cass | $314,827 | $403,125 | $487,250 | $605,525 | $149,000 |
| Charlevoix | $314,827 | $403,125 | $487,250 | $605,525 | $175,000 |
| Cheboygan | $314,827 | $403,125 | $487,250 | $605,525 | $128,000 |
| Chippewa | $314,827 | $403,125 | $487,250 | $605,525 | $124,000 |
| Clare | $314,827 | $403,125 | $487,250 | $605,525 | $94,000 |
| Clinton | $314,827 | $403,125 | $487,250 | $605,525 | $160,000 |
| Crawford | $314,827 | $403,125 | $487,250 | $605,525 | $106,000 |
| Delta | $314,827 | $403,125 | $487,250 | $605,525 | $118,000 |
| Dickinson | $314,827 | $403,125 | $487,250 | $605,525 | $100,000 |
| Eaton | $314,827 | $403,125 | $487,250 | $605,525 | $160,000 |
| Emmet | $314,827 | $403,125 | $487,250 | $605,525 | $150,000 |
| Genesee | $314,827 | $403,125 | $487,250 | $605,525 | $120,000 |
| Gladwin | $314,827 | $403,125 | $487,250 | $605,525 | $80,000 |
| Gogebic | $314,827 | $403,125 | $487,250 | $605,525 | $79,000 |
| Grand Traverse | $316,250 | $404,850 | $489,350 | $608,150 | $275,000 |
| Gratiot | $314,827 | $403,125 | $487,250 | $605,525 | $101,000 |
| Hillsdale | $314,827 | $403,125 | $487,250 | $605,525 | $95,000 |
| Houghton | $314,827 | $403,125 | $487,250 | $605,525 | $112,000 |
| Huron | $314,827 | $403,125 | $487,250 | $605,525 | $105,000 |
| Ingham | $314,827 | $403,125 | $487,250 | $605,525 | $160,000 |
| Ionia | $314,827 | $403,125 | $487,250 | $605,525 | $119,000 |
| Iosco | $314,827 | $403,125 | $487,250 | $605,525 | $71,000 |
| Iron | $314,827 | $403,125 | $487,250 | $605,525 | $85,000 |
| Isabella | $314,827 | $403,125 | $487,250 | $605,525 | $144,000 |
| Jackson | $314,827 | $403,125 | $487,250 | $605,525 | $114,000 |
| Kalamazoo | $314,827 | $403,125 | $487,250 | $605,525 | $146,000 |
| Kalkaska | $316,250 | $404,850 | $489,350 | $608,150 | $275,000 |
| Kent | $314,827 | $403,125 | $487,250 | $605,525 | $195,000 |
| Keweenaw | $314,827 | $403,125 | $487,250 | $605,525 | $112,000 |
| Lake | $314,827 | $403,125 | $487,250 | $605,525 | $90,000 |
| Lapeer | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| Leelanau | $316,250 | $404,850 | $489,350 | $608,150 | $275,000 |
| Lenawee | $314,827 | $403,125 | $487,250 | $605,525 | $125,000 |
| Livingston | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| Luce | $314,827 | $403,125 | $487,250 | $605,525 | $91,000 |
| Mackinac | $314,827 | $403,125 | $487,250 | $605,525 | $140,000 |
| Macomb | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| Manistee | $314,827 | $403,125 | $487,250 | $605,525 | $124,000 |
| Marquette | $314,827 | $403,125 | $487,250 | $605,525 | $130,000 |
| Mason | $314,827 | $403,125 | $487,250 | $605,525 | $100,000 |
| Mecosta | $314,827 | $403,125 | $487,250 | $605,525 | $126,000 |
| Menominee | $314,827 | $403,125 | $487,250 | $605,525 | $106,000 |
| Midland | $314,827 | $403,125 | $487,250 | $605,525 | $127,000 |
| Missaukee | $314,827 | $403,125 | $487,250 | $605,525 | $118,000 |
| Monroe | $314,827 | $403,125 | $487,250 | $605,525 | $147,000 |
| Montcalm | $314,827 | $403,125 | $487,250 | $605,525 | $195,000 |
| Montmorency | $314,827 | $403,125 | $487,250 | $605,525 | $108,000 |
| Muskegon | $314,827 | $403,125 | $487,250 | $605,525 | $100,000 |
| Newaygo | $314,827 | $403,125 | $487,250 | $605,525 | $115,000 |
| Oakland | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| Oceana | $314,827 | $403,125 | $487,250 | $605,525 | $119,000 |
| Ogemaw | $314,827 | $403,125 | $487,250 | $605,525 | $100,000 |
| Ontonagon | $314,827 | $403,125 | $487,250 | $605,525 | $79,000 |
| Osceola | $314,827 | $403,125 | $487,250 | $605,525 | $101,000 |
| Oscoda | $314,827 | $403,125 | $487,250 | $605,525 | $48,000 |
| Otsego | $314,827 | $403,125 | $487,250 | $605,525 | $138,000 |
| Ottawa | $314,827 | $403,125 | $487,250 | $605,525 | $195,000 |
| Presque Isle | $314,827 | $403,125 | $487,250 | $605,525 | $106,000 |
| Roscommon | $314,827 | $403,125 | $487,250 | $605,525 | $80,000 |
| Saginaw | $314,827 | $403,125 | $487,250 | $605,525 | $90,000 |
| Sanilac | $314,827 | $403,125 | $487,250 | $605,525 | $85,000 |
| Schoolcraft | $314,827 | $403,125 | $487,250 | $605,525 | $112,000 |
| Shiawassee | $314,827 | $403,125 | $487,250 | $605,525 | $99,000 |
| St. Clair | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| St. Joseph | $314,827 | $403,125 | $487,250 | $605,525 | $110,000 |
| Tuscola | $314,827 | $403,125 | $487,250 | $605,525 | $76,000 |
| Van Buren | $314,827 | $403,125 | $487,250 | $605,525 | $146,000 |
| Washtenaw | $314,827 | $403,125 | $487,250 | $605,525 | $248,000 |
| Wayne | $314,827 | $403,125 | $487,250 | $605,525 | $237,000 |
| Wexford | $314,827 | $403,125 | $487,250 | $605,525 | $118,000 |
How are FHA loan limits determined?
The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350.
The FHA “floor” is the largest mortgage the agency will insure in most of the country and is set at $314,827 for 2019. The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.
Here are the 2019 standard FHA limits for all property types:
- One-unit: $314,827
- Two-unit: $403,125
- Three-unit: $487,250
- Four-unit: $605,525
Here are the 2019 standard FHA limits for high-cost areas:
- One-unit: $726,525
- Two-unit: $930,300
- Three-unit: $1,124,475
- Four-unit: $1,397,400
Do you qualify for an FHA loan in Michigan?
Now that you know a little bit more about the basics of FHA loans, you can move forward to figure out whether you qualify for one. This is also the time to research everything surrounding your pending home purchase – up to, and certainly including, home financing information. Visit LendingTree’s FHA hub, which offers basic information about FHA loans and allows you to compare loan rates.
