MI mortgage rates

Houghton County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Houghton 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

Houghton 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 Houghton 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 Houghton

A local view of the market.

The real estate market in Houghton County, Michigan, has seen a notable increase in home values. As of October 2024, the median home sold price was $235,000, reflecting an 11.9% rise from the previous month. This indicates a seller's market, where homes are selling quickly and often above asking prices. Houghton County is home to several notable cities, including Houghton, Hancock, and Calumet. Houghton, the largest city, has a population of approximately 7,700 residents. Hancock follows with around 4,600 residents, and Calumet, known for its historic charm, has about 700 residents. These cities serve as cultural and economic hubs within the county. Living in Houghton County offers a blend of rural and suburban lifestyles, with a strong presence of agriculture and outdoor activities. The county's economy is supported by industries such as education, healthcare, and tourism, driven by its natural beauty and historical sites. Real estate migration patterns suggest that people are attracted to the county for its affordable housing, scenic landscapes, and the community-oriented lifestyle it offers.

County snapshot

Market context.

MI

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaHoughtonMapped market area
Area code26340CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Houghton County

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

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