FHA Loan Limits in Knox County, Illinois (2026)
From Knox County, FHA buyers in Knox 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 |
From Knox County to the edges of Knox County, the figures above govern FHA borrowing; buyers here frequently compare them with nearby Cook and Lake Counties.
What can you buy with FHA in Knox County?
An FHA buyer near Knox County faces an estimated $227,000 median, a $7,945 down payment, and — after Illinois's 2.23% property tax — a monthly cost around $2,011. That suits household income of roughly $78,000, under Illinois's $78,433 median household income.
FHA payment scenarios in Knox County
FHA payments across Knox County price points — from entry homes near Knox County to the county's FHA limit (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $163,000 | $5,705 | $1,477 |
| Local median — $227,000 | $7,945 | $2,011 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near Knox County too — get notified.
First-time buyers make up much of FHA activity in Knox County and across Knox County, drawn by the 3.5% down payment, 580 minimum score, and the option to use gift funds toward the $7,945 needed on a median Knox County home.
Multi-unit FHA limits in Knox County
Knox County's 2026 multi-unit FHA limits reach $692,997 (duplex), $837,720 (triplex), and $1,041,072 (fourplex) — so a buyer in Knox County can live in one unit and rent the rest to offset the mortgage.
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Frequently Asked Questions
- What is the FHA loan limit in Knox County for 2026?
- In Knox County (Knox 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 Knox County with FHA?
- For a median-priced ($227,000) Knox County home, plan on income around $78,000 at a 31% housing ratio — about $2,011/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Knox County?
- 3.5% with a 580+ score — roughly $7,945 on a $227,000 Knox County-area home. Gift funds are allowed.
- Is Knox County a high-cost FHA area?
- No — Knox County uses the $541,287 national floor for one unit.