What are FHA Loan Limits in Illinois?

FHA loans are a low down payment mortgage program and Illinois FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in Illinois are set at the floor amount of $275,665 across almost the entire state, except the Chicagoland Area.

Illinois FHA Loan Limits Search:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
ADAMSQUINCY, IL-MO$275,665$352,950$426,625$530,150
ALEXANDERCAPE GIRARDEAU, MO-IL$275,665$352,950$426,625$530,150
BONDST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
BOONEROCKFORD, IL$339,250$434,300$524,950$652,400
BROWNNON-METRO$275,665$352,950$426,625$530,150
BUREAUOTTAWA-PERU, IL$275,665$352,950$426,625$530,150
CALHOUNST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
CARROLLNON-METRO$275,665$352,950$426,625$530,150
CASSNON-METRO$275,665$352,950$426,625$530,150
CHAMPAIGNCHAMPAIGN-URBANA, IL$275,665$352,950$426,625$530,150
CHRISTIANTAYLORVILLE, IL$275,665$352,950$426,625$530,150
CLARKNON-METRO$275,665$352,950$426,625$530,150
CLAYNON-METRO$275,665$352,950$426,625$530,150
CLINTONST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
COLESCHARLESTON-MATTOON, IL$275,665$352,950$426,625$530,150
COOKCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
CRAWFORDNON-METRO$275,665$352,950$426,625$530,150
CUMBERLANDCHARLESTON-MATTOON, IL$275,665$352,950$426,625$530,150
DE WITTBLOOMINGTON, IL$275,665$352,950$426,625$530,150
DEKALBCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
DOUGLASNON-METRO$275,665$352,950$426,625$530,150
DUPAGECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
EDGARNON-METRO$275,665$352,950$426,625$530,150
EDWARDSNON-METRO$275,665$352,950$426,625$530,150
EFFINGHAMEFFINGHAM, IL$275,665$352,950$426,625$530,150
FAYETTENON-METRO$275,665$352,950$426,625$530,150
FORDCHAMPAIGN-URBANA, IL$275,665$352,950$426,625$530,150
FRANKLINNON-METRO$275,665$352,950$426,625$530,150
FULTONCANTON, IL$275,665$352,950$426,625$530,150
GALLATINNON-METRO$275,665$352,950$426,625$530,150
GREENENON-METRO$275,665$352,950$426,625$530,150
GRUNDYCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
HAMILTONNON-METRO$275,665$352,950$426,625$530,150
HANCOCKFORT MADISON-KEOKUK, IA-IL-MO$275,665$352,950$426,625$530,150
HARDINNON-METRO$275,665$352,950$426,625$530,150
HENDERSONBURLINGTON, IA-IL$275,665$352,950$426,625$530,150
HENRYDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$275,665$352,950$426,625$530,150
IROQUOISNON-METRO$275,665$352,950$426,625$530,150
JACKSONCARBONDALE-MARION, IL$275,665$352,950$426,625$530,150
JASPERNON-METRO$275,665$352,950$426,625$530,150
JEFFERSONMOUNT VERNON, IL$275,665$352,950$426,625$530,150
JERSEYST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
JO DAVIESSNON-METRO$275,665$352,950$426,625$530,150
JOHNSONNON-METRO$275,665$352,950$426,625$530,150
KANECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
KANKAKEEKANKAKEE, IL$275,665$352,950$426,625$530,150
KENDALLCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
KNOXGALESBURG, IL$275,665$352,950$426,625$530,150
LAKECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
LASALLEOTTAWA-PERU, IL$275,665$352,950$426,625$530,150
LAWRENCENON-METRO$275,665$352,950$426,625$530,150
LEEDIXON, IL$275,665$352,950$426,625$530,150
LIVINGSTONPONTIAC, IL$275,665$352,950$426,625$530,150
LOGANLINCOLN, IL$275,665$352,950$426,625$530,150
MACONDECATUR, IL$275,665$352,950$426,625$530,150
MACOUPINST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
MADISONST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
MARIONCENTRALIA, IL$275,665$352,950$426,625$530,150
MARSHALLPEORIA, IL$275,665$352,950$426,625$530,150
MASONNON-METRO$275,665$352,950$426,625$530,150
MASSACPADUCAH, KY-IL$275,665$352,950$426,625$530,150
MCDONOUGHMACOMB, IL$275,665$352,950$426,625$530,150
MCHENRYCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
MCLEANBLOOMINGTON, IL$275,665$352,950$426,625$530,150
MENARDSPRINGFIELD, IL$275,665$352,950$426,625$530,150
MERCERDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$275,665$352,950$426,625$530,150
MONROEST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
MONTGOMERYNON-METRO$275,665$352,950$426,625$530,150
MORGANJACKSONVILLE, IL$275,665$352,950$426,625$530,150
MOULTRIENON-METRO$275,665$352,950$426,625$530,150
OGLEROCHELLE, IL$275,665$352,950$426,625$530,150
PEORIAPEORIA, IL$275,665$352,950$426,625$530,150
PERRYNON-METRO$275,665$352,950$426,625$530,150
PIATTCHAMPAIGN-URBANA, IL$275,665$352,950$426,625$530,150
PIKENON-METRO$275,665$352,950$426,625$530,150
POPENON-METRO$275,665$352,950$426,625$530,150
PULASKINON-METRO$275,665$352,950$426,625$530,150
PUTNAMOTTAWA-PERU, IL$275,665$352,950$426,625$530,150
RANDOLPHNON-METRO$275,665$352,950$426,625$530,150
RICHLANDNON-METRO$275,665$352,950$426,625$530,150
ROCK ISLANDDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$275,665$352,950$426,625$530,150
SALINENON-METRO$275,665$352,950$426,625$530,150
SANGAMONSPRINGFIELD, IL$275,665$352,950$426,625$530,150
SCHUYLERNON-METRO$275,665$352,950$426,625$530,150
SCOTTJACKSONVILLE, IL$275,665$352,950$426,625$530,150
SHELBYNON-METRO$275,665$352,950$426,625$530,150
ST. CLAIRST. LOUIS, MO-IL$275,665$352,950$426,625$530,150
STARKPEORIA, IL$275,665$352,950$426,625$530,150
STEPHENSONFREEPORT, IL$275,665$352,950$426,625$530,150
TAZEWELLPEORIA, IL$275,665$352,950$426,625$530,150
UNIONNON-METRO$275,665$352,950$426,625$530,150
VERMILIONDANVILLE, IL$275,665$352,950$426,625$530,150
WABASHNON-METRO$275,665$352,950$426,625$530,150
WARRENNON-METRO$275,665$352,950$426,625$530,150
WASHINGTONNON-METRO$275,665$352,950$426,625$530,150
WAYNENON-METRO$275,665$352,950$426,625$530,150
WHITENON-METRO$275,665$352,950$426,625$530,150
WHITESIDESTERLING, IL$275,665$352,950$426,625$530,150
WILLCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$365,700$468,150$565,900$703,250
WILLIAMSONCARBONDALE-MARION, IL$275,665$352,950$426,625$530,150
WINNEBAGOROCKFORD, IL$339,250$434,300$524,950$652,400
WOODFORDPEORIA, IL$275,665$352,950$426,625$530,150

Illinois FHA loan limits can change at any time. Check back often to ensure accurate information.

How are Illinois FHA Limits Set?

Illinois FHA Loan LimitsMortgage limits for Illinois FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.

IL FHA Loan-to-Value Limits (LTV)

  • Purchase Loans –  The mortgage loan-to-value limit in IL is 96.5% of the lower of the purchase price or the appraised value of the home.
  • Refinance Loans – The refinance loan-to-value limit in IL is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.

Illinois FHA loan limits are set at the floor amount across the entire state with the exception of the Chicago Metro Area. Cities in Illinois with limits above the floor FHA mortgage amount of $275,665 include Chicago, Aurora, Rockford, Joliet and Naperville. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:

More FHA Loan Resources

 

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