FHA Mortgage Loan Limits for Oakland County, Michigan
Below are the 2021 loan limits for single family homes for Oakland County, Michigan.
Single Family Home Loan Limits:
What's the Difference Between Conventional and FHA Loans?
A conventional mortgage is a loan that originates from a private lender and is not backed by the government. Loan qualification can be more challenging, but the loan limits are typically higher than FHA loan limits. As a result, a conventional loan provides more purchasing power.
FHA mortgage loans are typically easier to qualify for than a conventional loan as they are insured by the U.S. government. FHA loan limits are typically lower than conventional loans and must meet the official HUD minimum property standards. A great option for those with a higher risk profile, but purchasing power is reduced compared to a conventional loan.
Read more about the differences
What are FHA Loan Limits?
County Insights
Estimated Population (2018):
1,257
Cities and Towns:
- Bloomfield, MI
- Brandon, MI
- Commerce, MI
- Highland, MI
- Independence, MI
- Lyon, MI
- Milford, MI
- Oakland, MI
- Orion, MI
- Oxford, MI
- Royal Oak, MI
- Springfield, MI
- Waterford, MI
- West Bloomfield, MI
- White Lake, MI
- Auburn Hills, MI
- Berkley, MI
- Birmingham, MI
- Bloomfield Hills, MI
- Clawson, MI
- Farmington, MI
- Farmington Hills, MI
- Fenton, MI
- Ferndale, MI
- Hazel Park, MI
- Huntington Woods, MI
- Keego Harbor, MI
- Lake Angelus, MI
- Lathrup Village, MI
- Madison Heights, MI
- Northville, MI
- Novi, MI
- Oak Park, MI
- Orchard Lake Village, MI
- Pleasant Ridge, MI
- Pontiac, MI
- Rochester, MI
- Rochester Hills, MI
- Royal Oak, MI
- South Lyon, MI
- Southfield, MI
- Sylvan Lake, MI
- Troy, MI
- Village of Clarkston, MI
- Walled Lake, MI
- Wixom, MI
- Addison, MI
- Groveland, MI
- Holly, MI
- Novi, MI
- Rose, MI
- Southfield, MI
- Beverly Hills, MI
- Bingham Farms, MI
- Franklin, MI
- Holly, MI
- Lake Orion, MI
- Leonard, MI
- Milford, MI
- Ortonville, MI
- Oxford, MI
- Wolverine Lake, MI
Details courtesy of County Insights
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