MN mortgage rates

Otter Tail County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Otter Tail County, Minnesota. 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

Otter Tail 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 Otter Tail 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 Otter Tail

A local view of the market.

The real estate market in Otter Tail County, Minnesota, has seen some fluctuations recently. As of October 2024, the median home sold price was $280,064, marking a 7.6% increase from the previous year. The median price per square foot was $154. The market is considered a seller's market, indicating higher prices and faster sales. Fergus Falls is one of the top cities in Otter Tail County, with a population of approximately 13,000 people. Other notable cities include Perham, with a population of around 3,500, and Pelican Rapids, which has about 2,500 residents. These cities are known for their vibrant communities and local amenities. Living in Otter Tail County offers a mix of rural and suburban lifestyles, with a strong emphasis on agriculture and farming. The county's economy is supported by industries such as manufacturing, healthcare, and education. The area attracts people looking for a quieter, more rural lifestyle, with many moving from urban areas to enjoy the natural beauty and community-focused living.

County snapshot

Market context.

MN

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

Market areaFergus FallsMapped market area
Area code22260CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Otter Tail County

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

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