MI mortgage rates

Gogebic County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Gogebic County, Michigan. 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

Gogebic 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 Gogebic 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 Gogebic

A local view of the market.

The real estate market in Gogebic County, Michigan, has seen a notable increase in home values over the past year. As of October 2024, the median home sold price was approximately $124,900, reflecting a 7.7% increase from the previous month. The average home value in the county is reported to be around $117,943, marking an 8.6% rise over the past year. Gogebic County includes several key cities, with Ironwood being one of the largest. Ironwood has a median listing home price of $138,000 and offers 64 homes for sale. Another notable city is Watersmeet, which has a higher median listing home price of $587,000. Living in Gogebic County offers a predominantly rural lifestyle, with a mix of suburban areas. The county is known for its natural beauty, making it attractive for those seeking a quieter, more agricultural lifestyle. The top industries include tourism and outdoor recreation, which draw people looking for a change from urban environments. The county's appeal lies in its scenic landscapes and opportunities for outdoor activities, which are significant factors for those considering relocating to the area.

Questions & Answers

Refinancing in Gogebic County

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

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