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$331,760$424,800$513,450$638,100
ALEXANDERCAPE GIRARDEAU, MO-IL$331,760$424,800$513,450$638,100
BONDST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
BOONEROCKFORD, IL$339,250$434,300$524,950$652,400
BROWNNON-METRO$331,760$424,800$513,450$638,100
BUREAUOTTAWA, IL$331,760$424,800$513,450$638,100
CALHOUNST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
CARROLLNON-METRO$331,760$424,800$513,450$638,100
CASSNON-METRO$331,760$424,800$513,450$638,100
CHAMPAIGNCHAMPAIGN-URBANA, IL$331,760$424,800$513,450$638,100
CHRISTIANTAYLORVILLE, IL$331,760$424,800$513,450$638,100
CLARKNON-METRO$331,760$424,800$513,450$638,100
CLAYNON-METRO$331,760$424,800$513,450$638,100
CLINTONST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
COLESCHARLESTON-MATTOON, IL$331,760$424,800$513,450$638,100
COOKCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
CRAWFORDNON-METRO$331,760$424,800$513,450$638,100
CUMBERLANDCHARLESTON-MATTOON, IL$331,760$424,800$513,450$638,100
DE WITTNON-METRO$331,760$424,800$513,450$638,100
DEKALBCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
DOUGLASNON-METRO$331,760$424,800$513,450$638,100
DUPAGECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
EDGARNON-METRO$331,760$424,800$513,450$638,100
EDWARDSNON-METRO$331,760$424,800$513,450$638,100
EFFINGHAMEFFINGHAM, IL$331,760$424,800$513,450$638,100
FAYETTENON-METRO$331,760$424,800$513,450$638,100
FORDNON-METRO$331,760$424,800$513,450$638,100
FRANKLINNON-METRO$331,760$424,800$513,450$638,100
FULTONPEORIA, IL$331,760$424,800$513,450$638,100
GALLATINNON-METRO$331,760$424,800$513,450$638,100
GREENENON-METRO$331,760$424,800$513,450$638,100
GRUNDYCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
HAMILTONNON-METRO$331,760$424,800$513,450$638,100
HANCOCKFORT MADISON-KEOKUK, IA-IL-MO$331,760$424,800$513,450$638,100
HARDINNON-METRO$331,760$424,800$513,450$638,100
HENDERSONBURLINGTON, IA-IL$331,760$424,800$513,450$638,100
HENRYDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$331,760$424,800$513,450$638,100
IROQUOISNON-METRO$331,760$424,800$513,450$638,100
JACKSONCARBONDALE-MARION, IL$331,760$424,800$513,450$638,100
JASPERNON-METRO$331,760$424,800$513,450$638,100
JEFFERSONMOUNT VERNON, IL$331,760$424,800$513,450$638,100
JERSEYST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
JO DAVIESSNON-METRO$331,760$424,800$513,450$638,100
JOHNSONCARBONDALE-MARION, IL$331,760$424,800$513,450$638,100
KANECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
KANKAKEEKANKAKEE, IL$331,760$424,800$513,450$638,100
KENDALLCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
KNOXGALESBURG, IL$331,760$424,800$513,450$638,100
LAKECHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
LASALLEOTTAWA, IL$331,760$424,800$513,450$638,100
LAWRENCENON-METRO$331,760$424,800$513,450$638,100
LEEDIXON, IL$331,760$424,800$513,450$638,100
LIVINGSTONPONTIAC, IL$331,760$424,800$513,450$638,100
LOGANLINCOLN, IL$331,760$424,800$513,450$638,100
MACONDECATUR, IL$331,760$424,800$513,450$638,100
MACOUPINST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
MADISONST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
MARIONCENTRALIA, IL$331,760$424,800$513,450$638,100
MARSHALLPEORIA, IL$331,760$424,800$513,450$638,100
MASONNON-METRO$331,760$424,800$513,450$638,100
MASSACPADUCAH, KY-IL$331,760$424,800$513,450$638,100
MCDONOUGHMACOMB, IL$331,760$424,800$513,450$638,100
MCHENRYCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
MCLEANBLOOMINGTON, IL$331,760$424,800$513,450$638,100
MENARDSPRINGFIELD, IL$331,760$424,800$513,450$638,100
MERCERDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$331,760$424,800$513,450$638,100
MONROEST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
MONTGOMERYNON-METRO$331,760$424,800$513,450$638,100
MORGANJACKSONVILLE, IL$331,760$424,800$513,450$638,100
MOULTRIENON-METRO$331,760$424,800$513,450$638,100
OGLEROCHELLE, IL$331,760$424,800$513,450$638,100
PEORIAPEORIA, IL$331,760$424,800$513,450$638,100
PERRYNON-METRO$331,760$424,800$513,450$638,100
PIATTCHAMPAIGN-URBANA, IL$331,760$424,800$513,450$638,100
PIKENON-METRO$331,760$424,800$513,450$638,100
POPENON-METRO$331,760$424,800$513,450$638,100
PULASKINON-METRO$331,760$424,800$513,450$638,100
PUTNAMOTTAWA, IL$331,760$424,800$513,450$638,100
RANDOLPHNON-METRO$331,760$424,800$513,450$638,100
RICHLANDNON-METRO$331,760$424,800$513,450$638,100
ROCK ISLANDDAVENPORT-MOLINE-ROCK ISLAND, IA-IL$331,760$424,800$513,450$638,100
SALINENON-METRO$331,760$424,800$513,450$638,100
SANGAMONSPRINGFIELD, IL$331,760$424,800$513,450$638,100
SCHUYLERNON-METRO$331,760$424,800$513,450$638,100
SCOTTJACKSONVILLE, IL$331,760$424,800$513,450$638,100
SHELBYNON-METRO$331,760$424,800$513,450$638,100
ST. CLAIRST. LOUIS, MO-IL$331,760$424,800$513,450$638,100
STARKPEORIA, IL$331,760$424,800$513,450$638,100
STEPHENSONFREEPORT, IL$331,760$424,800$513,450$638,100
TAZEWELLPEORIA, IL$331,760$424,800$513,450$638,100
UNIONNON-METRO$331,760$424,800$513,450$638,100
VERMILIONDANVILLE, IL$331,760$424,800$513,450$638,100
WABASHNON-METRO$331,760$424,800$513,450$638,100
WARRENNON-METRO$331,760$424,800$513,450$638,100
WASHINGTONNON-METRO$331,760$424,800$513,450$638,100
WAYNENON-METRO$331,760$424,800$513,450$638,100
WHITENON-METRO$331,760$424,800$513,450$638,100
WHITESIDESTERLING, IL$331,760$424,800$513,450$638,100
WILLCHICAGO-NAPERVILLE-ELGIN, IL-IN-WI$368,000$471,100$569,450$707,700
WILLIAMSONCARBONDALE-MARION, IL$331,760$424,800$513,450$638,100
WINNEBAGOROCKFORD, IL$339,250$434,300$524,950$652,400
WOODFORDPEORIA, IL$331,760$424,800$513,450$638,100

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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