For 2026, FHA loan limits in Waukegan county, Lake, IL are as follows: $472,030 for single-family homes, $604,400 for two-unit properties, $730,525 for three-unit structures, and $907,900 for four-unit buildings.
The cap on conventional loans for a single-family residence is $726,200. This increases to $929,850 for two-unit homes, $1,123,900 for those with three units, and $1,396,800 for four-unit dwellings.
Utilize our FHA calculator to access the best FHA rates today and calculate downpayment, income, credit score, reserves, and necessary documents to qualify.
The Lendersa® calculator allows you to compare FHA rates and terms with other loan programs, including Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans, so you can evaluate various options.
Lendersa® gathers extensive data from thousands of lenders to quickly align it with your financial profile and specific needs.
For 2026, the Loan Limits Comparison Table in Waukegan, Lake, IL provides a detailed showcase of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Evaluate qualifications like income, reserves, and credit with 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 | $0 | $0 | $0 | $0 |
| 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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