One-Time Close Loans | FHA and VA Construction Loans
VA and FHA One-Time Close Construction Loans

2024 FHA Construction Loan Limits in MICHIGAN tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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VA Loan - One-Time Close Construction Loan
FHA Loan - One-Time Close Construction Loan

2024 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in MICHIGAN Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2024, the FHA floor was set at $498,257 for single-family home loans. This lending limit covers most U.S. counties."

83 match(es) found

ALCONA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ALGER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ALLEGAN County
HOLLAND, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ALPENA County
ALPENA, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ANTRIM County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ARENAC County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BARAGA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BARRY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BAY County
BAY CITY, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BENZIE County
TRAVERSE CITY, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BERRIEN County
NILES, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BRANCH County
COLDWATER, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CALHOUN County
BATTLE CREEK, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CASS County
SOUTH BEND-MISHAWAKA, IN-MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHARLEVOIX County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHEBOYGAN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHIPPEWA County
SAULT STE. MARIE, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CLARE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CLINTON County
LANSING-EAST LANSING, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CRAWFORD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
DELTA County
ESCANABA, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
DICKINSON County
IRON MOUNTAIN, MI-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
EATON County
LANSING-EAST LANSING, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
EMMET County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GENESEE County
FLINT, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GLADWIN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GOGEBIC County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GRAND TRAVERSE County
TRAVERSE CITY, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GRATIOT County
ALMA, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HILLSDALE County
HILLSDALE, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HOUGHTON County
HOUGHTON, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HURON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
INGHAM County
LANSING-EAST LANSING, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
IONIA County
GRAND RAPIDS-KENTWOOD, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
IOSCO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
IRON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ISABELLA County
MOUNT PLEASANT, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
JACKSON County
JACKSON, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
KALAMAZOO County
KALAMAZOO-PORTAGE, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
KALKASKA County
TRAVERSE CITY, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
KENT County
GRAND RAPIDS-KENTWOOD, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
KEWEENAW County
HOUGHTON, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LAKE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LAPEER County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LEELANAU County
TRAVERSE CITY, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LENAWEE County
ADRIAN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LIVINGSTON County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LUCE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MACKINAC County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MACOMB County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MANISTEE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MARQUETTE County
MARQUETTE, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MASON County
LUDINGTON, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MECOSTA County
BIG RAPIDS, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MENOMINEE County
MARINETTE, WI-MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MIDLAND County
MIDLAND, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MISSAUKEE County
CADILLAC, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONROE County
MONROE, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONTCALM County
GRAND RAPIDS-KENTWOOD, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONTMORENCY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MUSKEGON County
MUSKEGON, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
NEWAYGO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OAKLAND County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OCEANA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OGEMAW County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ONTONAGON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OSCEOLA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OSCODA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OTSEGO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OTTAWA County
GRAND RAPIDS-KENTWOOD, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
PRESQUE ISLE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ROSCOMMON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SAGINAW County
SAGINAW, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SANILAC County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SCHOOLCRAFT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SHIAWASSEE County
LANSING-EAST LANSING, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ST. CLAIR County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ST. JOSEPH County
STURGIS, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
TUSCOLA County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
VAN BUREN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WASHTENAW County
ANN ARBOR, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WAYNE County
DETROIT-WARREN-DEARBORN, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WEXFORD County
CADILLAC, MI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257

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