MN mortgage rates

Polk County

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

Polk 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 Polk 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 Polk

A local view of the market.

The real estate market in Polk County, Minnesota, has seen a notable increase in home values over the past year. As of October 2024, the median sold price for homes in the county was $179,450, marking an 11.8% rise from the previous year. This increase reflects a neutral market condition where prices are reasonable, and homes typically remain on the market for a standard duration. Polk County is home to several key cities, with Crookston being the largest, boasting a population of approximately 7,800 residents. Other notable cities include East Grand Forks, with around 8,600 residents, and Fosston, which has a smaller population of about 1,500. These cities serve as central hubs for the county's economic and social activities. Living in Polk County offers a blend of rural and suburban experiences. The county is characterized by its agricultural landscape, with farming being a significant part of the local economy. Additionally, the county supports industries such as education, healthcare, and manufacturing. Real estate migration patterns suggest that people are drawn to Polk County for its affordable housing, peaceful rural lifestyle, and opportunities in agriculture and local industries.

County snapshot

Market context.

MN

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

Market areaGrand ForksMapped market area
Area code24220CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Polk County

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

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