THE FHA IN ILLINOIS

FHA loans have been helping Illinois  residents since 1934 

 

A licensed Illinois  FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing


 


Illinois  First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Illinois  with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Illinois  FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

Illinois  FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you’re not left to figure out everything completely on your own.  

 

Illinois FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Illinois  FHA Lending Limits 2017

Illinois  Median Home Sale Price Price $188,000

 

County NameSingleDuplex3 Unit4 Unit
ADAMS$275,665$352,950$426,625$530,150
   QUINCY, IL-MO
ALEXANDER$275,665$352,950$426,625$530,150
   CAPE GIRARDEAU, MO-IL
BOND$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
BOONE$339,250$434,300$524,950$652,400
   ROCKFORD, IL
BROWN$275,665$352,950$426,625$530,150
BUREAU$275,665$352,950$426,625$530,150
   OTTAWA-PERU, IL
CALHOUN$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
CARROLL$275,665$352,950$426,625$530,150
CASS$275,665$352,950$426,625$530,150
CHAMPAIGN$275,665$352,950$426,625$530,150
   CHAMPAIGN-URBANA, IL
CHRISTIAN$275,665$352,950$426,625$530,150
   TAYLORVILLE, IL
CLARK$275,665$352,950$426,625$530,150
   NON-METRO
CLAY$275,665$352,950$426,625$530,150
CLINTON$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
COLES$275,665$352,950$426,625$530,150
   CHARLESTON-MATTOON, IL
COOK$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
CRAWFORD$275,665$352,950$426,625$530,150
CUMBERLAND$275,665$352,950$426,625$530,150
   CHARLESTON-MATTOON, IL
DE WITT$275,665$352,950$426,625$530,150
   BLOOMINGTON, IL
DEKALB$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
DOUGLAS$275,665$352,950$426,625$530,150
DUPAGE$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
EDGAR $275,665$352,950$426,625$530,150
EDWARDS$275,665$352,950$426,625$530,150
EFFINGHAM$275,665$352,950$426,625$530,150
   EFFINGHAM, IL
FAYETTE$275,665$352,950$426,625$530,150
   NON-METRO
FORD$275,665$352,950$426,625$530,150
   CHAMPAIGN-URBANA, IL
FRANKLIN$275,665$352,950$426,625 $530,150
FULTON$275,665$352,950 $426,625$530,150
   CANTON, IL
GALLATIN$275,665 $352,950$426,625$530,150
GREENE $275,665$352,950$426,625$530,150
GRUNDY$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
HAMILTON$275,665$352,950$426,625$530,150
HANCOCK$275,665$352,950$426,625$530,150
   FORT MADISON-KEOKUK, IA-IL-MO
HARDIN$275,665$352,950$426,625 $530,150
HENDERSON$275,665$352,950 $426,625$530,150
   BURLINGTON, IA-IL
HENRY$275,665$352,950$426,625$530,150
   DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
IROQUOIS$275,665$352,950$426,625$530,150
JACKSON$275,665$352,950$426,625$530,150
   CARBONDALE-MARION, IL
JASPER$275,665$352,950$426,625$530,150
JEFFERSON$275,665$352,950$426,625$530,150
   MOUNT VERNON, IL
JERSEY$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
JO DAVIESS$275,665$352,950$426,625$530,150
JOHNSON$275,665$352,950$426,625$530,150
KANE$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
KANKAKEE$275,665$352,950$426,625$530,150
   KANKAKEE, IL
KENDALL$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
KNOX$275,665$352,950$426,625$530,150
   GALESBURG, IL
LAKE$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
LASALLE$275,665$352,950$426,625$530,150
   OTTAWA-PERU, IL
LAWRENCE$275,665$352,950$426,625$530,150
LEE$275,665$352,950$426,625$530,150
   DIXON, IL
LIVINGSTON$275,665$352,950$426,625$530,150
   PONTIAC, IL
LOGAN$275,665$352,950$426,625$530,150
   LINCOLN, IL
MACON$275,665$352,950$426,625$530,150
   DECATUR, IL
MACOUPIN$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
MADISON$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
MARION$275,665$352,950$426,625$530,150
   CENTRALIA, IL
MARSHALL$275,665$352,950$426,625$530,150
   PEORIA, IL
MASON$275,665$352,950$426,625$530,150
MASSAC$275,665$352,950$426,625$530,150
   PADUCAH, KY-IL
MCDONOUGH$275,665$352,950$426,625$530,150
   MACOMB, IL
MCHENRY$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
MCLEAN$275,665$352,950$426,625$530,150
   BLOOMINGTON, IL
MENARD$275,665$352,950$426,625$530,150
   SPRINGFIELD, IL
MERCER$275,665$352,950$426,625 $530,150
   DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
MONROE$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
MONTGOMERY$275,665$352,950$426,625$530,150
MORGAN$275,665$352,950$426,625$530,150
   JACKSONVILLE, IL
MOULTRIE$275,665$352,950$426,625$530,150
OGLE$275,665$352,950$426,625$530,150
   ROCHELLE, IL
PEORIA$275,665$352,950$426,625$530,150
   PEORIA, IL
PERRY$275,665$352,950$426,625$530,150
PIATT$275,665$352,950$426,625$530,150
   CHAMPAIGN-URBANA, IL
PIKE$275,665$352,950$426,625$530,150
POPE$275,665$352,950$426,625$530,150
PULASKI$275,665$352,950$426,625$530,150
PUTNAM$275,665$352,950$426,625$530,150
   OTTAWA-PERU, IL
RANDOLPH$275,665$352,950$426,625$530,150
RICHLAND$275,665$352,950$426,625$530,150
   NON-METRO
ROCK ISLAND$275,665$352,950$426,625$530,150
   DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
SALINE$275,665$352,950$426,625$530,150
SANGAMON$275,665$352,950$426,625$530,150
   SPRINGFIELD, IL
SCHUYLER$275,665$352,950$426,625$530,150
SCOTT$275,665$352,950$426,625$530,150
   JACKSONVILLE, IL
SHELBY$275,665$352,950$426,625$530,150
ST. CLAIR$275,665$352,950$426,625$530,150
   ST. LOUIS, MO-IL
STARK$275,665$352,950$426,625$530,150
   PEORIA, IL
STEPHENSON$275,665$352,950$426,625$530,150
   FREEPORT, IL
TAZEWELL$275,665$352,950$426,625$530,150
   PEORIA, IL
UNION$275,665$352,950$426,625$530,150
VERMILION$275,665$352,950$426,625$530,150
   DANVILLE, IL
WABASH$275,665$352,950$426,625$530,150
WARREN$275,665$352,950$426,625$530,150
WASHINGTON$275,665$352,950$426,625$530,150
WAYNE$275,665$352,950$426,625$530,150
   NON-METRO
WHITE$275,665$352,950$426,625$530,150
WHITESIDE$275,665$352,950$426,625$530,150
   STERLING, IL
WILL$365,700$468,150$565,900$703,250
   CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
WILLIAMSON$275,665$352,950$426,625$530,150
   CARBONDALE-MARION, IL
WINNEBAGO$339,250$434,300$524,950$652,400
   ROCKFORD, IL
WOODFORD$275,665$352,950$426,625$530,150
   PEORIA, IL