FHA Loan Limits in Boone County, Illinois (2026)
In Boone County — anchored by Boone County — the 2026 FHA loan limit for a single-family home is $541,287. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
From Boone County to the edges of Boone County, the figures above govern FHA borrowing; buyers here frequently compare them with nearby Cook and Lake Counties.
Affording a home in Boone County & Boone County
With Boone County's median sale price estimated near $290,000 (think Boone County), the FHA down payment is roughly $10,150. Factoring Illinois property taxes near 2.23%, expect about $2,537 monthly, pointing to income near $98,000 — above Illinois's $78,433 median household income, so budget carefully.
FHA payment scenarios in Boone County
Here is what an FHA payment looks like at three Boone County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $209,000 | $7,315 | $1,861 |
| Local median — $290,000 | $10,150 | $2,537 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near Boone County too — get notified.
First-time buyers make up much of FHA activity in Boone County and across Boone County, drawn by the 3.5% down payment, 580 minimum score, and the option to use gift funds toward the $10,150 needed on a median Boone County home.
Multi-unit FHA limits in Boone County
Looking at a duplex or fourplex near Boone County? FHA allows up to $692,997 on two units and $1,041,072 on four in Boone County, with the same low 3.5% down for owner-occupants.
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Frequently Asked Questions
- What is the FHA loan limit in Boone County for 2026?
- In Boone County (Boone County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Boone County with FHA?
- For a median-priced ($290,000) Boone County home, plan on income around $98,000 at a 31% housing ratio — about $2,537/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Boone County?
- 3.5% with a 580+ score — roughly $10,150 on a $290,000 Boone County-area home. Gift funds are allowed.
- Is Boone County a high-cost FHA area?
- No — Boone County uses the $541,287 national floor for one unit.