For 2026, in Collinsville county within Madison, IL, the FHA loan limits are established at $472,030 for single-family homes, $604,400 for two-unit properties, $730,525 for three units, and $907,900 for four-unit dwellings.
As for conventional loans, the maximum allowed for a single-family residence is $726,200. For two units, it's $929,850, for three units, it's $1,123,900, and for four units, the limit is $1,396,800.
Try our FHA calculator to discover today’s favorable FHA rates and assess the required downpayment, income, credit, reserves, and documentation for qualification.
The Lendersa® tool enables comparisons between FHA rates and terms and those of other loan programs. Dive into evaluations of Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans alongside FHA.
Gathering data from thousands of lenders, Lendersa® compares programs against your unique financial profile within moments.
For 2026 in Collinsville, Madison, IL, our Loan Limits Comparison Table contrasts maximum loan amounts across FHA, Conventional, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Use the Lendersa® Super Loan Integrated Qualifier (SLIQ™) to compare income, credit, and reserves requirements.
| 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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