FHA Loan Limits in Henry County, Illinois (2026)
From Henry County, FHA buyers in Henry County can finance a one-unit home up to $541,287 with 3.5% down in 2026. 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 |
These 2026 limits apply throughout Henry County, from Henry County outward, and sit alongside the limits set for neighboring Cook and Lake Counties.
What can you buy with FHA in Henry County?
With Henry County's median sale price estimated near $285,000 (think Henry 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 Henry County
Whether you are buying in Henry County or a smaller Henry County community, here is how an FHA payment scales by price (3.5% down, 6.25% sample 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 Henry County too — get notified.
In Henry County and the surrounding Henry County market, FHA's appeal is the math: $9,975 down on a $285,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in Henry County
Investors and house-hackers in Henry County and across Henry County can finance 2-4 unit homes with FHA at just 3.5% down: $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
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Frequently Asked Questions
- What is the FHA loan limit in Henry County for 2026?
- In Henry County (Henry 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 Henry County with FHA?
- For a median-priced ($285,000) Henry 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 Henry County?
- 3.5% with a 580+ score — roughly $9,975 on a $285,000 Henry County-area home. Gift funds are allowed.
- Is Henry County a high-cost FHA area?
- No — Henry County uses the $541,287 national floor for one unit.