In 2026, for Bourbonnais county in Kankakee, IL, the FHA loan limit is $472,030 for a single-family home. For 2-units, the cap is $604,400; for 3-unit homes, it's $730,525; and for 4-units, it goes up to $907,900.
The maximum conventional loan amounts for a single-family residence are $726,200. For 2-units, the limit is $929,850; for 3-units, it's $1,123,900; and for 4-units, $1,396,800.
Use our FHA calculator to explore today’s best FHA rates and to determine the required downpayment, income, credit score, reserves, and documents needed for qualification.
The Lendersa® calculator allows for comparisons between FHA rates and terms with all other loan programs, including Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money loans.
Lendersa® processes loan program data from thousands of lenders, and quickly aligns it with your financial profile and needs.
The Loan Limits Comparison Table for 2026 in Bourbonnais county, Kankakee, IL, provides insight into maximum loan amounts across FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To thoroughly examine qualification requirements like 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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