For 2026, the FHA loan limits in Waterloo county, part of Monroe, IL, are set at $472,030 for a single-family home, $604,400 for properties with two units, $730,525 for three-unit residences, and $907,900 for four-unit homes.
The maximum amount allowed for conventional loans on a single-family residence is $726,200. For two-unit dwellings, it's $929,850, for three units, $1,123,900, and for buildings with four units, it's $1,396,800.
Our FHA calculator helps you explore today's top FHA rates, providing guidance on the necessary downpayment, income, credit requirements, reserves, and documentation required for eligibility.
The Lendersa® calculator is a valuable tool to compare FHA rates and terms with those of other loan programs. Evaluate options such as Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans alongside FHA offerings.
Lendersa® collects extensive loan data from thousands of lenders, efficiently aligning it with your financial needs and profile.
For 2026 in Waterloo county of Monroe, IL, the Loan Limits Comparison Table provides a detailed overview of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To understand qualification needs including income, reserves, and credit, use Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| 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 |
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