In 2025, the FHA loan limits in Frankfort-Square county, located in Will, IL, are $379,500 for a single-family home, $485,800 for two units, $587,250 for three units, and $729,800 for four units.
For conventional loans, the cap is $548,250 for a single-family residence, $702,000 for two-unit homes, $848,500 for three units, and $1,054,500 for properties with four units.
Use our FHA calculator to explore today’s best FHA rates and learn about the necessary downpayment, income, credit score, reserves, and documents to qualify.
The Lendersa® calculator allows for a comparison of FHA rates and terms against other loan systems. Consider exploring Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans alongside FHA.
Lendersa® aggregates loan data from thousands of lenders, analyzing it against your specific financial profile and needs.
The Loan Limits Comparison Table for 2025 in Frankfort-Square county, Will, IL, offers a comparison of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Use Lendersa® Super Loan Integrated Qualifier (SLIQ™) to assess requirements like income, reserves, and credit.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $379,500 | $485,800 | $587,250 | $729,800 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $303,600 | $303,600 | $303,600 | $303,600 |
| VA | $548,250 | $702,000 | $848,500 | $1,054,500 |
| 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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