2022 Loan Limits in Michigan

With home values appreciating at a record breaking clip, the maximum conventional loan limit has also increased a substantial amount for 2022.

The Federal House Finance Agency (FHFA) reviews home sales data on an annual basis and adjusts the max conforming loan limit to the rate of appreciation using the FHFA House Price Index (FHFA HPI). In 2021 home values increased the largest amount since the metric was introduced in 2008.

The average rate or appreciation for a residential real estate was an astounding 18.05% across the nation. The FHFA has decided to set the 2022 conventional loan limit at $647,200 for single family homes. This is  an increase of $98,950 from $548,250 in 2021.

2022 Conforming Loan Limits by Property Type:

  • One-unit property: $647,200
  • Two-unit property: $828,700
  • Three-unit property: $1,001,650
  • Four-unit property: $1,244,850

In order for these areas to be deemed as high cost, 115% of the local median home value must exceed the baseline loan limit for that county. The high cost loan limited in these areas will increase by 150% of the baseline.

This makes the maximum loan limit for these areas $970,800. A map of the U.S. counties and their maximum loan limits using the loan limit map. There are no counties in Michigan that are considered to be a high cost area.

Michigan Loan Limits by County

County NameStateOne Unit LimitTwo Unit LimitThree Unit LimitFour Unit Limit
AlconaMI$647,200$828,700$1,001,650$1,244,850
AlgerMI$647,200$828,700$1,001,650$1,244,850
AlleganMI$647,200$828,700$1,001,650$1,244,850
AlpenaMI$647,200$828,700$1,001,650$1,244,850
AntrimMI$647,200$828,700$1,001,650$1,244,850
ArenacMI$647,200$828,700$1,001,650$1,244,850
BaragaMI$647,200$828,700$1,001,650$1,244,850
BarryMI$647,200$828,700$1,001,650$1,244,850
BayMI$647,200$828,700$1,001,650$1,244,850
BenzieMI$647,200$828,700$1,001,650$1,244,850
BerrienMI$647,200$828,700$1,001,650$1,244,850
BranchMI$647,200$828,700$1,001,650$1,244,850
CalhounMI$647,200$828,700$1,001,650$1,244,850
CassMI$647,200$828,700$1,001,650$1,244,850
CharlevoixMI$647,200$828,700$1,001,650$1,244,850
CheboyganMI$647,200$828,700$1,001,650$1,244,850
ChippewaMI$647,200$828,700$1,001,650$1,244,850
ClareMI$647,200$828,700$1,001,650$1,244,850
ClintonMI$647,200$828,700$1,001,650$1,244,850
CrawfordMI$647,200$828,700$1,001,650$1,244,850
DeltaMI$647,200$828,700$1,001,650$1,244,850
DickinsonMI$647,200$828,700$1,001,650$1,244,850
EatonMI$647,200$828,700$1,001,650$1,244,850
EmmetMI$647,200$828,700$1,001,650$1,244,850
GeneseeMI$647,200$828,700$1,001,650$1,244,850
GladwinMI$647,200$828,700$1,001,650$1,244,850
GogebicMI$647,200$828,700$1,001,650$1,244,850
Grand TraverseMI$647,200$828,700$1,001,650$1,244,850
GratiotMI$647,200$828,700$1,001,650$1,244,850
HillsdaleMI$647,200$828,700$1,001,650$1,244,850
HoughtonMI$647,200$828,700$1,001,650$1,244,850
HuronMI$647,200$828,700$1,001,650$1,244,850
InghamMI$647,200$828,700$1,001,650$1,244,850
IoniaMI$647,200$828,700$1,001,650$1,244,850
IoscoMI$647,200$828,700$1,001,650$1,244,850
IronMI$647,200$828,700$1,001,650$1,244,850
IsabellaMI$647,200$828,700$1,001,650$1,244,850
JacksonMI$647,200$828,700$1,001,650$1,244,850
KalamazooMI$647,200$828,700$1,001,650$1,244,850
KalkaskaMI$647,200$828,700$1,001,650$1,244,850
KentMI$647,200$828,700$1,001,650$1,244,850
KeweenawMI$647,200$828,700$1,001,650$1,244,850
LakeMI$647,200$828,700$1,001,650$1,244,850
LapeerMI$647,200$828,700$1,001,650$1,244,850
LeelanauMI$647,200$828,700$1,001,650$1,244,850
LenaweeMI$647,200$828,700$1,001,650$1,244,850
LivingstonMI$647,200$828,700$1,001,650$1,244,850
LuceMI$647,200$828,700$1,001,650$1,244,850
MackinacMI$647,200$828,700$1,001,650$1,244,850
MacombMI$647,200$828,700$1,001,650$1,244,850
ManisteeMI$647,200$828,700$1,001,650$1,244,850
MarquetteMI$647,200$828,700$1,001,650$1,244,850
MasonMI$647,200$828,700$1,001,650$1,244,850
MecostaMI$647,200$828,700$1,001,650$1,244,850
MenomineeMI$647,200$828,700$1,001,650$1,244,850
MidlandMI$647,200$828,700$1,001,650$1,244,850
MissaukeeMI$647,200$828,700$1,001,650$1,244,850
MonroeMI$647,200$828,700$1,001,650$1,244,850
MontcalmMI$647,200$828,700$1,001,650$1,244,850
MontmorencyMI$647,200$828,700$1,001,650$1,244,850
MuskegonMI$647,200$828,700$1,001,650$1,244,850
NewaygoMI$647,200$828,700$1,001,650$1,244,850
OaklandMI$647,200$828,700$1,001,650$1,244,850
OceanaMI$647,200$828,700$1,001,650$1,244,850
OgemawMI$647,200$828,700$1,001,650$1,244,850
OntonagonMI$647,200$828,700$1,001,650$1,244,850
OsceolaMI$647,200$828,700$1,001,650$1,244,850
OscodaMI$647,200$828,700$1,001,650$1,244,850
OtsegoMI$647,200$828,700$1,001,650$1,244,850
OttawaMI$647,200$828,700$1,001,650$1,244,850
Presque IsleMI$647,200$828,700$1,001,650$1,244,850
RoscommonMI$647,200$828,700$1,001,650$1,244,850
SaginawMI$647,200$828,700$1,001,650$1,244,850
Saint ClairMI$647,200$828,700$1,001,650$1,244,850
Saint JosephMI$647,200$828,700$1,001,650$1,244,850
SanilacMI$647,200$828,700$1,001,650$1,244,850
SchoolcraftMI$647,200$828,700$1,001,650$1,244,850
ShiawasseeMI$647,200$828,700$1,001,650$1,244,850
TuscolaMI$647,200$828,700$1,001,650$1,244,850
Van BurenMI$647,200$828,700$1,001,650$1,244,850
WashtenawMI$647,200$828,700$1,001,650$1,244,850
WayneMI$647,200$828,700$1,001,650$1,244,850
WexfordMI$647,200$828,700$1,001,650$1,244,850

Apply for a Conventional Home Loan

Over 80% of all mortgages are conventional loans. Conventional loans offer some of the lower mortgage rates and payments available for buying a home or refinancing. To apply for a Conventional Home Loan call Riverbank Finance today at 1-800-555-2098.

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