In 2026, the FHA loan limit in Novi, within Oakland, MI, is set at $472,030 for a single-family home. For properties with two units, the limit is $604,400; for three-unit buildings, it's $730,525; and for those with four units, the cap is $907,900.
When considering conventional loans, the maximum loan amount for a single-family residence is $726,200. For two-unit properties, it's $929,850, followed by $1,123,900 for three units, and $1,396,800 for those with four units.
Employ our FHA calculator to access today's optimum FHA rates and determine necessary downpayments, income levels, credit ratings, reserve requirements, and documents needed for eligibility.
The Lendersa® calculator allows you to compare FHA rates and terms against all other loan programs. Evaluate options including Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money loans as you explore FHA alternatives.
Lendersa® efficiently gathers loan program data from thousands of lenders, swiftly comparing it with your personal financial profile and needs.
The Loan Limits Comparison Table for 2026 in Novi, within Oakland, MI, provides an overview of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Use Lendersa® Super Loan Integrated Qualifier (SLIQ™) to evaluate qualifications, such as income, reserves, and credit.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $472,030 | $604,400 | $730,525 | $907,900 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| USDA | $336,500 | $336,500 | $336,500 | $336,500 |
| VA | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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