FHA Loan Limits in Madison County, Illinois (2026)
In Madison County — anchored by Madison 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 |
Every community in Madison County — Madison County — shares the same 2026 FHA limits shown above, which differ from those in adjacent Cook and Lake Counties.
Affording a home in Madison County & Madison County
An FHA buyer near Madison County faces an estimated $295,000 median, a $10,325 down payment, and — after Illinois's 2.23% property tax — a monthly cost around $2,579. That suits household income of roughly $100,000, above Illinois's $78,433 median household income, so budget carefully.
FHA payment scenarios in Madison County
Whether you are buying in Madison County or a smaller Madison 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 — $212,000 | $7,420 | $1,886 |
| Local median — $295,000 | $10,325 | $2,579 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near Madison County too — get notified.
Buyers across Madison County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $10,325 down payment near Madison County into little out of pocket.
Multi-unit FHA limits in Madison County
Investors and house-hackers in Madison County and across Madison 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 Madison County for 2026?
- In Madison County (Madison 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 Madison County with FHA?
- For a median-priced ($295,000) Madison County home, plan on income around $100,000 at a 31% housing ratio — about $2,579/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Madison County?
- 3.5% with a 580+ score — roughly $10,325 on a $295,000 Madison County-area home. Gift funds are allowed.
- Is Madison County a high-cost FHA area?
- No — Madison County uses the $541,287 national floor for one unit.