For 2026, the FHA loan limit in Lake-Villa, Lake, IL is structured as follows: $379,500 for a single-family home, $485,800 for 2-unit properties, $587,250 for 3-unit residences, and $729,800 for those with 4 units.
When it comes to conventional loans, the maximum amount for a single-family home is $548,250. The limit increases to $702,000 for 2-units, $848,500 for 3-units, and $1,054,500 for properties with 4 units.
Utilize our FHA calculator to access today's competitive FHA rates and to figure out necessary downpayment, income, credit, reserves, and documentation for qualification.
The Lendersa® tool allows you to weigh FHA rates and terms against a full spectrum of available loan programs. Dive into comparisons with conventional loans, jumbo loans, VA, USDA, Non-QM, and hard money loans alongside FHA counterparts.
Lendersa® aggregates loan details from numerous lenders, promptly contrasting these options against your individual financial profile and requirements.
For 2026, the Loan Limits Comparison Table in Lake-Villa, Lake, IL offers a comprehensive overview of maximum loan amounts across FHA, Conventional, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To evaluate criteria like income, reserves, and credit, utilize Lendersa® SLIQ™ for an integrated qualification solution.
| 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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