FHA Loan Limits in McLean County, Illinois (2026)
From McLean County, FHA buyers in McLean 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 McLean County, from McLean County outward, and sit alongside the limits set for neighboring Cook and Lake Counties.
What can you buy with FHA in McLean County?
With McLean County's median sale price estimated near $266,000 (think McLean County), the FHA down payment is roughly $9,310. Factoring Illinois property taxes near 2.23%, expect about $2,337 monthly, pointing to income near $90,000 — above Illinois's $78,433 median household income, so budget carefully.
FHA payment scenarios in McLean County
Whether you are buying in McLean County or a smaller McLean 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 — $192,000 | $6,720 | $1,719 |
| Local median — $266,000 | $9,310 | $2,337 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near McLean County too — get notified.
In McLean County and the surrounding McLean County market, FHA's appeal is the math: $9,310 down on a $266,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in McLean County
Investors and house-hackers in McLean County and across McLean 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 McLean County for 2026?
- In McLean County (McLean 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 McLean County with FHA?
- For a median-priced ($266,000) McLean County home, plan on income around $90,000 at a 31% housing ratio — about $2,337/month including taxes, insurance, and MIP.
- How much is the FHA down payment in McLean County?
- 3.5% with a 580+ score — roughly $9,310 on a $266,000 McLean County-area home. Gift funds are allowed.
- Is McLean County a high-cost FHA area?
- No — McLean County uses the $541,287 national floor for one unit.