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:

Conventional

$548,250

FHA Mortgage

$356,362

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?

The Federal Housing Administration (FHA) establishes a maximum loan amount, or loan limit, that it will insure. This is known as the FHA lending limit. These loan limits are calculated and updated annually.

Learn more about how FHA loan limits impact home buyers

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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