The exact renormalization-group approach of Wilson is used to study the critical behavior for $Tg{T}_{c}$, $H=0$, and small $\ensuremath{\epsilon}g0$, of an isotropic ferromagnetic system in $d=4\ensuremath{-}\ensuremath{\epsilon}$ dimensions, with exchange and dipolar interactions between $d$-component spins. Normal isotropic Heisenberg behavior with $\frac{1}{\ensuremath{\gamma}}\ensuremath{\approx}\frac{1}{2\ensuremath{\nu}}\ensuremath{\approx}1\ensuremath{-}\frac{\ensuremath{\epsilon}}{4}$ (to first order in $\ensuremath{\epsilon}$) is retained for $t=(\frac{T}{{T}_{c}})\ensuremath{-}1\ensuremath{\ll}\frac{G}{J{a}^{d}}$, where $G=\frac{{(g{\ensuremath{\mu}}_{B})}^{2}}{2}$ measures the strength of the dipole-dipole interactions, $J$ is the short-range exchange parameter, and $a$ is the lattice spacing. When ${t}^{\ensuremath{\varphi}}\ensuremath{\approx}\frac{G}{J{a}^{d}}$, where $\ensuremath{\varphi}\ensuremath{\approx}1+\frac{\ensuremath{\epsilon}}{4}$, crossover occurs to a characteristic dipolar behavior described by a new fixed point of the recursion relations. For $t\ensuremath{\ll}\frac{G}{J{a}^{d}}$ one thus finds $\frac{1}{\ensuremath{\gamma}}\ensuremath{\approx}\frac{1}{2\ensuremath{\nu}}\ensuremath{\approx}1\ensuremath{-}\frac{9\ensuremath{\epsilon}}{34}$ {and, for spins of $n d$ components, $\frac{1}{\ensuremath{\gamma}}\ensuremath{\approx}\frac{1}{2\ensuremath{\nu}}\ensuremath{\approx}1\ensuremath{-}[\frac{(6n+3)}{2(6n+11)}]\ensuremath{\epsilon}$, which agrees with spherical-model results when $n\ensuremath{\rightarrow}\ensuremath{\infty}$}. In the dipolar regime the spin-correlation function $〈{s}_{q}^{\ensuremath{\alpha}}{s}_{\ensuremath{-}q}^{\ensuremath{\beta}}〉$ has a factor [${\ensuremath{\delta}}_{\ensuremath{\alpha}\ensuremath{\beta}}\ensuremath{-}(\frac{{q}^{\ensuremath{\alpha}}{q}^{\ensuremath{\beta}}}{{q}^{2}})$], which suppresses longitudinal spin fluctuations; the susceptibilities ${\ensuremath{\chi}}^{\ensuremath{\alpha}\ensuremath{\alpha}}$ display the expected demagnetization effects. It is found that dipolar anistropies derving from the lattice structure produce weak instabilities which should be hard to detect although their effects are not fully elucidated. Extensions of the results to nonzero magnetic fields, and to anistropic exchange interactions are indicated; the experimental situation is mentioned briefly.