MI mortgage rates

Luce County

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

Luce 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 Luce 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 Luce

A local view of the market.

The real estate market in Luce County, Michigan, has seen a significant increase in median home prices, with the median listing price reaching $158,000 in October 2024. This represents a 21.3% rise year-over-year, indicating a strong upward trend in property values. The county is currently considered a buyer's market, meaning there is more supply than demand, which could be advantageous for potential homebuyers. Luce County comprises two main cities: Newberry and McMillan. Newberry is the county seat and the largest city, offering a variety of amenities and services to its residents. McMillan, while smaller, also provides a close-knit community atmosphere. Both cities contribute to the county's overall population and serve as central hubs for local activities and commerce. Living in Luce County offers a predominantly rural lifestyle, with vast areas dedicated to agriculture and forestry. The county's economy is supported by industries such as logging, tourism, and small-scale farming. Many people are drawn to Luce County for its natural beauty, outdoor recreational opportunities, and the appeal of a quieter, more relaxed pace of life. Migration patterns suggest that individuals seeking a rural lifestyle or those looking to escape urban environments may find Luce County an attractive destination.

Questions & Answers

Refinancing in Luce County

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

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