One-Time Close Loans | FHA and VA Construction Loans
Learn all about the VA and FHA versions of the One-Time Close Loan.

2023 FHA Construction Loan Limits in ILLINOIS tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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VA Loan - One-Time Close Construction Loan
FHA Loan - One-Time Close Construction Loan

2023 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in ILLINOIS Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2023, the FHA floor was set at $472,030 for single-family home loans. This lending limit covers most U.S. counties."

102 match(es) found

ADAMS County
QUINCY, IL-MO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ALEXANDER County
CAPE GIRARDEAU, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BOND County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BOONE County
ROCKFORD, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BROWN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BUREAU County
OTTAWA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CALHOUN County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CARROLL County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CASS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHAMPAIGN County
CHAMPAIGN-URBANA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHRISTIAN County
TAYLORVILLE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CLARK County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CLAY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CLINTON County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
COLES County
CHARLESTON-MATTOON, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
COOK County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CRAWFORD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CUMBERLAND County
CHARLESTON-MATTOON, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DE WITT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DEKALB County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DOUGLAS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DUPAGE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
EDGAR County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
EDWARDS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
EFFINGHAM County
EFFINGHAM, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FAYETTE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FORD County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FRANKLIN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FULTON County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GALLATIN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GREENE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GRUNDY County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HAMILTON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HANCOCK County
FORT MADISON-KEOKUK, IA-IL-MO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HARDIN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HENDERSON County
BURLINGTON, IA-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HENRY County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
IROQUOIS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JACKSON County
CARBONDALE-MARION, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JASPER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JEFFERSON County
MOUNT VERNON, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JERSEY County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JO DAVIESS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JOHNSON County
CARBONDALE-MARION, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KANE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KANKAKEE County
KANKAKEE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KENDALL County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KNOX County
GALESBURG, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LAKE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LASALLE County
OTTAWA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LAWRENCE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LEE County
DIXON, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LIVINGSTON County
PONTIAC, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LOGAN County
LINCOLN, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MACON County
DECATUR, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MACOUPIN County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MADISON County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MARION County
CENTRALIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MARSHALL County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MASON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MASSAC County
PADUCAH, KY-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MCDONOUGH County
MACOMB, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MCHENRY County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MCLEAN County
BLOOMINGTON, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MENARD County
SPRINGFIELD, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MERCER County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MONROE County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MONTGOMERY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MORGAN County
JACKSONVILLE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MOULTRIE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
OGLE County
ROCHELLE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PEORIA County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PERRY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PIATT County
CHAMPAIGN-URBANA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PIKE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
POPE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PULASKI County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PUTNAM County
OTTAWA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RANDOLPH County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RICHLAND County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ROCK ISLAND County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SALINE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SANGAMON County
SPRINGFIELD, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCHUYLER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCOTT County
JACKSONVILLE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SHELBY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ST. CLAIR County
ST. LOUIS, MO-IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STARK County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STEPHENSON County
FREEPORT, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
TAZEWELL County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
UNION County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
VERMILION County
DANVILLE, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WABASH County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WARREN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WASHINGTON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WAYNE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WHITE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WHITESIDE County
STERLING, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WILL County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WILLIAMSON County
CARBONDALE-MARION, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WINNEBAGO County
ROCKFORD, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WOODFORD County
PEORIA, IL
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030

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