For the year 2026, if you're looking at FHA loan limits in Melrose-Park county, within Cook, IL, the figures stand as $379,500 for a single-family home, $485,800 for two units, $587,250 for a three-unit property, and $729,800 for properties with four units.
Conventional loan maximums are also pivotal, with $548,250 for a single residential unit, $702,000 applicable for two-unit homes, $848,500 for three units, and $1,054,500 when considering four-unit homes.
Access our FHA calculator to find today's competitive FHA rates and determine what's required for down payments, income verification, credit checks, reserves, and the necessary documents to qualify.
The Lendersa® calculator is designed to let you evaluate FHA rates and terms alongside other loan programs. It allows comparison across different types: Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans with FHA.
Lendersa® aggregates loan data from a wide array of lenders and quickly compares it to align with your unique financial profile and preferences.
Our comparison table for the year 2026 in Melrose-Park's Cook county, IL, highlights maximum loan amounts across FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To delve into qualification specifics like income, reserves, and credit requirements, 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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