FHA Loan Limit: $541,287
The 2026 FHA loan limit for Allegan County, Michigan is $541,287 for a single-family home.
1-Unit
$541,287
2-Unit
$693,050
3-Unit
$837,700
4-Unit
$1,041,125
Calculate Your FHA Payment in Allegan County
The calculator below is pre-set for Allegan County, Michigan with the local FHA limit of $541,287 applied automatically.
FHA Loan Calculator
Calculate FHA loan payments including upfront and monthly mortgage insurance premiums.
Data last updated: January 2026
FHA Loan Details
FHA Limit: $541,287
FHA rates are typically similar to conventional rates
Your FHA Loan Estimate
Total Monthly Payment
$3,081.61
Principal, interest, MIP, taxes & insurance
FHA Mortgage Insurance
Upfront MIP is financed into the loan. Monthly MIP is required for the life of the loan (for most FHA loans with less than 10% down).
Base Loan Amount
$386,000
Total Loan Amount
$392,755
Including upfront MIP
FHA vs Conventional Comparison
*Conventional estimate assumes same rate with PMI at 0.7% until 20% equity. Actual rates and PMI may vary.
FHA Loan Benefits
- Lower credit score requirements (580+ for 3.5% down)
- Low down payment (3.5% minimum)
- Down payment can come from gifts or grants
- More flexible DTI requirements (up to 57%)
Your estimated FHA payment: $3,081.61/mo
FHA rates vary by lender. Get matched with FHA-approved lenders competing for your business.
Disclaimer: FHA loan limits and MIP rates are subject to change. This calculator uses 2026 HUD data. Verify eligibility with an FHA-approved lender.
Frequently Asked Questions
What is FHA mortgage insurance premium (MIP)?
FHA MIP consists of two parts: an upfront premium of 1.75% of the loan amount (usually financed into the loan) and an annual premium of 0.55% paid monthly. Unlike conventional PMI, FHA MIP typically lasts the life of the loan for loans with less than 10% down.
What are the 2026 FHA loan limits?
For 2026, FHA loan limits range from $541,287 (floor) to $1,249,125 (ceiling) for single-family homes. The exact limit depends on your county. High-cost areas like San Francisco and New York have limits at the ceiling, while most areas are at or near the floor.
How much is FHA MIP in 2026?
In 2026, FHA MIP is 1.75% upfront (financed into the loan) plus 0.55% annually for most loans. On a $300,000 loan, that is $5,250 upfront and approximately $138 per month in ongoing MIP.
What credit score do I need for an FHA loan?
FHA loans require a minimum credit score of 580 for the 3.5% down payment program. Borrowers with scores between 500-579 may qualify with 10% down. Most lenders prefer 620+ for better rates and easier approval.
Can I remove MIP from my FHA loan?
For FHA loans originated after June 2013 with less than 10% down, MIP lasts the life of the loan. To remove it, you would need to refinance into a conventional loan once you have 20% equity. Loans with 10%+ down have MIP for 11 years.
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About FHA Loans in Allegan County, Michigan
FHA loans are government-backed mortgages insured by the Federal Housing Administration. In Allegan County, Michigan, the 2026 FHA loan limit for a single-family home is $541,287. This means you can borrow up to this amount with an FHA loan in this area.
FHA Loan Requirements
- Down payment: 3.5% minimum with a 580+ credit score; 10% for scores 500-579
- Mortgage insurance: 1.75% upfront MIP + 0.55% annual MIP
- Debt-to-income ratio: Generally up to 43%, but up to 57% with compensating factors
- Loan limit: $541,287 for single-family in Allegan County
What If My Home Exceeds the FHA Limit?
If the home you're looking at in Allegan County exceeds $541,287, you have a few options: make a larger down payment to bring the loan amount under the limit, consider a conventional loan, or look at USDA or VA loans if you qualify.