In 2026, the FHA loan limit for Long-Lake, located in Lake county, IL, is $379,500 for a single-family home. The limit extends to $485,800 for properties with 2-units, $587,250 for those comprising 3-units, and $729,800 for 4-units.
The highest loan amount for conventional loans is set at $548,250 for a single-family dwelling. For two-unit homes, the maximum is $702,000, for three-unit houses, it reaches $848,500, and for four-unit residences, it's $1,054,500.
Use our FHA calculator to discover today’s most favorable FHA rates and establish what is required in terms of downpayment, income, credit, reserves, and documentation for qualification.
The Lendersa® calculator lets you compare the terms and rates of FHA loans against all other loan types. Investigate and compare options, including Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money alongside FHA.
Lendersa® gathers detailed loan program data from a vast number of lenders and efficiently aligns it with your unique financial profile and requirements.
The Loan Limits Comparison Table for 2026 in Long-Lake, Lake, IL, provides an overview of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To explore qualifying criteria like income, reserves, and creditworthiness, utilize the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| 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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