In 2025, FHA loan limits set for Gages-Lake county within Lake, IL are $379,500 for single-family homes, $485,800 for duplexes, $587,250 for triplexes, and $729,800 for four-unit properties.
Conventional loans on a single-family residence have maximum amounts of $548,250. For two-unit homes, the limit is $702,000, for three units it is $848,500, and for four units, it reaches $1,054,500.
Utilize our FHA calculator to explore today’s top FHA rates and to assess necessary downpayments, income levels, credit, reserves, and documentation required for eligibility.
The Lendersa® calculator aids in comparing FHA rates and terms alongside those of other loan programs. Analyze and explore options such as Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans to be contrasted with FHA.
Lendersa® compiles data from numerous lenders, enabling swift comparisons tailored to your financial landscape and needs.
In 2025, the Loan Limits Comparison Table for Gages-Lake county of Lake, IL offers insights into maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Utilize the Lendersa® Super Loan Integrated Qualifier (SLIQ™) to dissect qualification criteria such as income, reserves, and credit score.
| 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 | $0 | $0 | $0 | $0 |
| 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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