For 2026, the FHA loan limits in Ely county of St. Louis, MN are: $472,030 for a single-family home, $604,400 for two units, $730,525 for three units, and $907,900 for four units. These limits are essential for homebuyers planning their FHA loans.
The maximum conventional loan amount is $726,200 for single-family homes, $929,850 for two units, $1,123,900 for three units, and $1,396,800 for four units. Understanding these limits is crucial for effective mortgage strategizing.
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The Lendersa® calculator helps you compare FHA loan terms and rates with other loan programs, including conventional, jumbo, VA, USDA, Non-QM, and hard money options. This comprehensive analysis aids in selecting the best loan path.
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Check the Loan Limits Comparison Table for 2026 in Ely county, St. Louis, MN, to compare maximum loan amounts across FHA, conventional conforming, jumbo, USDA, VA, Non-QM, super jumbo, reverse mortgage (HECM), and hard money loans. For evaluating qualification needs such as income, reserves, and credit, use the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| 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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