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

2020 FHA Loan Limits in ILLINOIS tell homebuyers how much borrowing power they have to build a home in their state, city, and county. 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
USDA Loan - One-Time Close Construction Loan

2020 FHA Loan Limits and VA Lender Limits

Limits for Single Family Home Loans in ILLINOIS Counties

The FHA has a maximum 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.

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 2020, the FHA floor was set at $331,760 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties."

102 match(es) found

ADAMS County
QUINCY, IL-MO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
ALEXANDER County
CAPE GIRARDEAU, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
BOND County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
BOONE County
ROCKFORD, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $339,250
BROWN County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
BUREAU County
OTTAWA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CALHOUN County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CARROLL County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CASS County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CHAMPAIGN County
CHAMPAIGN-URBANA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CHRISTIAN County
TAYLORVILLE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CLARK County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CLAY County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CLINTON County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
COLES County
CHARLESTON-MATTOON, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
COOK County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
CRAWFORD County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CUMBERLAND County
CHARLESTON-MATTOON, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
DE WITT County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
DEKALB County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
DOUGLAS County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
DUPAGE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
EDGAR County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
EDWARDS County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
EFFINGHAM County
EFFINGHAM, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
FAYETTE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
FORD County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
FRANKLIN County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
FULTON County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
GALLATIN County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
GREENE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
GRUNDY County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
HAMILTON County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HANCOCK County
FORT MADISON-KEOKUK, IA-IL-MO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HARDIN County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HENDERSON County
BURLINGTON, IA-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HENRY County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
IROQUOIS County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JACKSON County
CARBONDALE-MARION, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JASPER County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JEFFERSON County
MOUNT VERNON, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JERSEY County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JO DAVIESS County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
JOHNSON County
CARBONDALE-MARION, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
KANE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
KANKAKEE County
KANKAKEE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
KENDALL County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
KNOX County
GALESBURG, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LAKE County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
LASALLE County
OTTAWA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LAWRENCE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LEE County
DIXON, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LIVINGSTON County
PONTIAC, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LOGAN County
LINCOLN, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MACON County
DECATUR, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MACOUPIN County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MADISON County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MARION County
CENTRALIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MARSHALL County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MASON County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MASSAC County
PADUCAH, KY-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MCDONOUGH County
MACOMB, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MCHENRY County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
MCLEAN County
BLOOMINGTON, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MENARD County
SPRINGFIELD, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MERCER County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MONROE County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MONTGOMERY County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MORGAN County
JACKSONVILLE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MOULTRIE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
OGLE County
ROCHELLE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PEORIA County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PERRY County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PIATT County
CHAMPAIGN-URBANA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PIKE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
POPE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PULASKI County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
PUTNAM County
OTTAWA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
RANDOLPH County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
RICHLAND County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
ROCK ISLAND County
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SALINE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SANGAMON County
SPRINGFIELD, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SCHUYLER County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SCOTT County
JACKSONVILLE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SHELBY County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
ST. CLAIR County
ST. LOUIS, MO-IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
STARK County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
STEPHENSON County
FREEPORT, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
TAZEWELL County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
UNION County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
VERMILION County
DANVILLE, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WABASH County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WARREN County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WASHINGTON County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WAYNE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WHITE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WHITESIDE County
STERLING, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WILL County
CHICAGO-NAPERVILLE-ELGIN, IL-IN-WI
VA Lender Limit FHA Loan Limit
$1,000,000 $368,000
WILLIAMSON County
CARBONDALE-MARION, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
WINNEBAGO County
ROCKFORD, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $339,250
WOODFORD County
PEORIA, IL
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760

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