MI mortgage rates

Leelanau County

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

Leelanau 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 Leelanau 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 Leelanau

A local view of the market.

The real estate market in Leelanau County, Michigan, is currently experiencing a seller's market, with home prices tending to be higher and selling faster. As of October 2024, the median sold price for homes was $622,450, with a median price per square foot of $340. This represents a significant decrease of 22.2% from the previous month, indicating some volatility in the market. Leelanau County includes several notable cities such as Suttons Bay, Cedar, and Glen Arbor. Suttons Bay has a median listing home price of $689,000, while Cedar is more affordable with a median listing price of $539,900. Glen Arbor is the most affordable among these, with a median listing price of $482,500. Living in Leelanau County offers a mix of rural and suburban experiences, with a strong emphasis on agriculture and farming. The county is known for its picturesque landscapes and is a popular destination for those seeking a quieter, more nature-oriented lifestyle. The top industries in the area include agriculture, tourism, and small-scale manufacturing. People are often drawn to Leelanau County for its natural beauty, outdoor recreational opportunities, and the appeal of a close-knit community.

County snapshot

Market context.

MI

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

Market areaTraverse CityMapped market area
Area code45900CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Leelanau County

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

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