FHA Loan Limits in Vermilion County, Illinois (2026)
Buying in Vermilion County or elsewhere in Vermilion County? The 2026 FHA single-family limit across the county 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 Vermilion County — Vermilion County — shares the same 2026 FHA limits shown above, which differ from those in adjacent Cook and Lake Counties.
FHA affordability around Vermilion County
Homes around Vermilion County carry an estimated local median near $264,000, so an FHA buyer in Vermilion County puts down about $9,240 (3.5%). With Illinois's 2.23% effective property-tax rate, the all-in payment runs near $2,320 a month — comfortable on household income around $90,000, above Illinois's $78,433 median household income, so budget carefully.
FHA payment scenarios in Vermilion County
Here is what an FHA payment looks like at three Vermilion County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $190,000 | $6,650 | $1,702 |
| Local median — $264,000 | $9,240 | $2,320 |
| At the FHA limit — $541,287 | $18,945 | $4,634 |
Estimates include FHA MIP plus Illinois property taxes and insurance. Rates move daily near Vermilion County too — get notified.
Buyers across Vermilion County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $9,240 down payment near Vermilion County into little out of pocket.
Multi-unit FHA limits in Vermilion County
Looking at a duplex or fourplex near Vermilion County? FHA allows up to $692,997 on two units and $1,041,072 on four in Vermilion 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 Vermilion County for 2026?
- In Vermilion County (Vermilion 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 Vermilion County with FHA?
- For a median-priced ($264,000) Vermilion County home, plan on income around $90,000 at a 31% housing ratio — about $2,320/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Vermilion County?
- 3.5% with a 580+ score — roughly $9,240 on a $264,000 Vermilion County-area home. Gift funds are allowed.
- Is Vermilion County a high-cost FHA area?
- No — Vermilion County uses the $541,287 national floor for one unit.