In 2026, the FHA loan limit for West-Frankfort county, Franklin, IL, is set at $356,362 for a single-family home. For properties with 2 units, the limit is $456,275, for 3 units the cap is $551,500, and for 4-unit homes, it reaches $685,400.
For conventional loans, the maximum potential loan amount is $548,250 when considering a single-family property. The amount increases to $702,000 for 2-unit properties, $848,500 for 3-units, and to $1,054,500 for configurations with 4 units.
Our FHA calculator is a useful tool to discover the most favorable FHA rates currently available. It assists in determining the necessary downpayment, income, credit, reserves, and required documentation for qualification.
The Lendersa® calculator is crafted to facilitate comparisons between FHA rate & terms and other types of loan programs. Through it, delve into comprehensive evaluations of Conventional loans, Jumbo options, VA, USDA, Non-QM, and hard money loans relative to FHA.
Lendersa® aggregates detailed loan program data from an extensive range of lenders and efficiently compares this information against your unique financial profile, tailoring results to your specific needs.
The Loan Limits Comparison Table for 2026 in West-Frankfort, Franklin, IL offers insights into FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money maximum loan amounts. For a deeper understanding of the qualification requirements regarding income, reserves, and credit, make use of the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $356,362 | $456,275 | $551,500 | $685,400 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $285,000 | $285,000 | $285,000 | $285,000 |
| 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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