MN mortgage rates

Cook County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Cook County, Minnesota. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Cook County

Conforming Loan Limits

Per property
1 unit$832,750
2 units$1,066,250
3 units$1,288,800
4 units$1,601,750

FHA Loan Limits

Per property
1 unit$541,287
2 units$693,050
3 units$837,700
4 units$1,041,125

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Cook County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Cook

A local view of the market.

The real estate market in Cook County, Minnesota, is currently characterized by a median home value of approximately $417,393, reflecting a 4.4% increase over the past year. The market is considered a seller's market, with homes selling for a median price of $460,000 in October 2024, although this represents a slight decrease from the previous month. Cook County is home to several notable communities, with Grand Marais being the largest city and serving as the county seat. Grand Marais has a population of around 1,300 residents, offering a small-town charm with access to Lake Superior. Other communities include Lutsen, known for its ski resort, and Tofte, which are both popular for their natural beauty and outdoor recreational opportunities. Living in Cook County offers a predominantly rural experience, with a mix of small-town and suburban lifestyles. The area is known for its scenic landscapes, including forests and lakes, making it ideal for outdoor enthusiasts. The local economy is driven by tourism, forestry, and small businesses. The county attracts new residents seeking a quieter, nature-focused lifestyle away from urban centers, contributing to its real estate migration patterns.

Questions & Answers

Refinancing in Cook County

Common questions about 2026 loan limits and refinancing opportunities in Minnesota.

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