For 2026, FHA loan limits in North-Chicago, located in Lake, IL, are set as follows: $379,500 for single-family homes, $485,800 for 2-units, $587,250 for 3-units, and $729,800 for properties with 4-units.
The upper limit for conventional loans is $548,250 for a single-family residence, escalating to $702,000 for two units, $848,500 for three-unit structures, and reaching $1,054,500 for four-unit properties.
Use our FHA calculator to explore today's best FHA rates, assessing the necessary downpayment, income requirements, credit standing, reserves, and documentation needed to qualify.
The Lendersa® calculator empowers you to compare FHA rates and terms with those of other loan programs. Look into and evaluate options like Conventional loans, Jumbo loans, VA, USDA, Non-QM, and Hard Money loans in addition to FHA options.
Lendersa® obtains comprehensive loan program information from thousands of lenders, facilitating swift comparison against your individualized financial profile and needs.
Explore the Loan Limits Comparison Table for 2026 in North-Chicago county, Lake, IL, which details maximum amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and Hard Money loans. To assess qualification requirements, including income, reserves, and credit, make use of 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 |
North-Chicago FHA Lenders |
|
|
|
|
|
|
|
|
|
|
FHA Guides
TYPES OF LOANS WE HANDLE:
CITIES CLOSE BY:
