FHA Loan Limits in Coles County, Illinois (2026)
Coles County and the rest of Coles County, Illinois fall under a 2026 one-unit FHA limit of $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 Coles County to the edges of Coles County, the figures above govern FHA borrowing; buyers here frequently compare them with nearby Cook and Lake Counties.
How much home can you afford in Coles County?
With Coles County's median sale price estimated near $285,000 (think Coles County), the FHA down payment is roughly $9,975. Factoring Illinois property taxes near 2.23%, expect about $2,495 monthly, pointing to income near $97,000 — above Illinois's $78,433 median household income, so budget carefully.
FHA payment scenarios in Coles County
Here is what an FHA payment looks like at three Coles County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $205,000 | $7,175 | $1,828 |
| Local median — $285,000 | $9,975 | $2,495 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near Coles County too — get notified.
First-time buyers make up much of FHA activity in Coles County and across Coles County, drawn by the 3.5% down payment, 580 minimum score, and the option to use gift funds toward the $9,975 needed on a median Coles County home.
Multi-unit FHA limits in Coles County
Looking at a duplex or fourplex near Coles County? FHA allows up to $692,997 on two units and $1,041,072 on four in Coles 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 Coles County for 2026?
- In Coles County (Coles 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 Coles County with FHA?
- For a median-priced ($285,000) Coles County home, plan on income around $97,000 at a 31% housing ratio — about $2,495/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Coles County?
- 3.5% with a 580+ score — roughly $9,975 on a $285,000 Coles County-area home. Gift funds are allowed.
- Is Coles County a high-cost FHA area?
- No — Coles County uses the $541,287 national floor for one unit.