MI mortgage rates

Iron County

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

Iron 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 Iron 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 Iron

A local view of the market.

Iron County, Michigan, has a real estate market characterized by relatively affordable home values. As of 2024, the average home value in Iron County is approximately $119,304, reflecting a 6.8% increase over the past year. This growth indicates a steady interest in the area, potentially driven by its appealing rural charm and affordability compared to more urbanized regions. The county is home to several notable cities, with Iron River being the largest. Iron River has a population of around 3,007 people. Crystal Falls, the county seat, also plays a significant role in the region's community life. These cities, while small, serve as central hubs for the surrounding rural areas, providing essential services and amenities to residents. Living in Iron County offers a predominantly rural experience, with vast natural landscapes and a slower pace of life. The county's economy is supported by industries such as agriculture and forestry, which are central to its rural identity. Migration patterns suggest that people are drawn to Iron County for its affordable housing and the appeal of a quieter, more nature-oriented lifestyle. This trend is particularly attractive to those seeking to escape the hustle and bustle of urban environments for a more serene and community-focused living experience.

Questions & Answers

Refinancing in Iron County

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

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