2023 FHA (Government Loans) Limits for Hillsboro, Montgomery County, Illinois

In 2025, FHA loan limit in Hillsboro county of Montgomery, Illinois is $472,030 for a single-family home, $604,400 for 2-units, $730,525 for 3-units, and $907,900 for 4-units.

The maximum loan amount of conventional loans on a single-family residence is $726,200, $929,850 for 2-units, $1,123,900 for 3-units, and $1,396,800 for 4-units.

Use our FHA calculator to see today’s FHA best rates and determine the downpayment, Income, credit, reserves, and documents needed to qualify.

Compare loan offers from 100 lenders

Compare your loan options in Hillsboro, IL

Lendersa® calculator enables you to compare FHA rate & terms with all other loan programs rate & terms. Explore and compare, Conventional loans, Jumbo loans, Va, USDA, Non-Qm, and hard money loans, with FHA.

Lendersa® gets loan program data from thousands of lenders and, in seconds, compares it against your unique financial profile and needs.

Loan Limits Comparison Table for 2025 in Hillsboro county of Montgomery, Illinois compare FHA, Conventional Conforming, Jumbo, USDA, VA, None-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money maximum loan amounts. To compare qualification requirements such as Income, reserves, and credit, use Lendersa® Super Loan Integrated Qualifier (SLIQ™)

Loan limits Hillsboro county of Montgomery, IL

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


  • Libertyville Bank & Trust Company, National Association
  • 507 N. Milwaukee Ave., Libertyville, IL, 60048
  • Libertyville Bank & Trust, along with our community banks in Wauconda, Gurnee, Mundelein, Island Lake and Vernon Hills, is the #1 bank in the area, thanks to the confidence and trust that our customers and the community have placed in us. We are dedicated to providing great accounts and outstanding personal service without the costs.
  • Great Lakes Home Mortgage
  • 1860 West Winchester Road, Suite 102, Libertyville, IL, 60048
  • Great Lakes Home Mortgage, Inc. provides its customers with the variety of mortgage products as well as access to various lenders and investors that is necessary in this constantly changing business. Services: Whether it is no mortgage insurance programs, equity loans, fixed rates, adjustable rates, jumbo loans, FHA or VA loans
  • First Midwest Bank
  • 1777 N. Cedar Lake Rd, Round Lake, IL, 60073
  • We are a relationship-based bank with ideas to drive your business forward. We live and work in the communities we serve, so our bankers understand the local market – and your industry. With $21.2B in assets, we have the resources to partner with our clients to provide customized solutions. Currently, we serve nearly 25, 000 commercial clients
  • De La Cerda Team
  • 1520 Washington St, Waukegan, IL, 60085
  • The De La Cerda Team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • Northside Community Bank
  • 5103 Washington Street, Gurnee, IL, 60031
  • NorthSide Community Bank, with over $250 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The bank was formed in 1996 by a professional group of business men and women to better respond to the market place.
  • State Bank of the Lakes, National Association
  • 440 Lake St., Antioch, IL, 60002
  • State Bank of The Lakes offers banking solutions tailored to our customers, their needs, and our unique community. No matter what your financial need, we can help. But, we also go above and beyond basic banking solutions. We host financial education courses, hold community events and throw neighborhood cookouts.
  • Great Lakes Credit Union
  • 3290 N. Lewis Ave, Waukegan, IL, 60087
  • Great Lakes Credit union is banking for better. Founded in Lake County, Ill. in 1938, GLCU began with one goal in mind: Enable civil servants to create their ideal future by borrowing and saving at competitive rates. At the time, no financial institution existed in the area, leaving local workers without an option to safely.
  • Dubuque Bank and Trust Company
  • 1398 Central Ave, Dubuque, IA, 52001
  • At Dubuque Bank and Trust, decision making is kept to a local level and bankers are unwaveringly committed to deeply understanding every intricacy of every customer’s financial relationship. Because when that happens, a bank, even one with over $19 billion in assets and the backing of a company with national.
  • BancorpSouth Mortgage
  • 3211 E Battlefield St, Springfield, MO, 65804
  • BancorpSouth Bank is headquartered in Tupelo, Mississippi, with approximately $27 billion in assets. BancorpSouth operates approximately 325 full-service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Georgia, Florida, Louisiana, Mississippi, Missouri, Tennessee etc..