Chicago, Illinois Mortgage & Home Loans
Chicago is Illinois' largest city and economic hub, with 77 community areas ranging from lakefront high-rises in Streeterville to bungalow belts on the Northwest and Southwest sides. Buyers here often weigh condos, two-flats, and single-family homes, and property taxes and neighborhood pricing vary widely block to block. Whether you're a first-time buyer in Avondale or moving up in Beverly, the right loan depends on your neighborhood, budget, and goals.
- Population 2,746,388
- Local, licensed guidance
Cook County loan limits (2026)
- FHA loan limit (1-unit)
- $541,287
- Conforming limit (1-unit)
- $832,750
- Jumbo loan threshold
- Above $832,750
Illinois has no high-cost counties, so these limits apply statewide. Figures as of 2026 and subject to change — verify current limits with FHFA/HUD. Not a commitment to lend.
Loan options in Chicago
Purchase Loans
Buy your next home with a loan matched to your budget and goals.
Learn moreRefinance Loans
Lower your rate, change your term, or tap equity with a refinance.
Learn moreFHA Loans
Low down payments and flexible credit for first-time and repeat buyers.
Learn moreVA Loans
Zero-down financing for eligible veterans, service members, and spouses.
Learn moreUSDA Loans
No-down-payment loans for eligible homes in rural Illinois communities.
Learn moreJumbo Loans
Financing above the conforming limit for higher-priced Illinois homes.
Learn moreFirst-Time Home Buyers
Programs, down-payment assistance, and guidance for your first purchase.
Learn moreFirst-time buyer in Chicago? Illinois Housing Development Authority (IHDA) programs and other down-payment assistance may be available in Cook County. See first-time buyer options →
Talk to a Chicago loan officer
Tell us about your goals and a licensed loan officer will help you find the right loan for Chicago. No obligation.
What are your goals?
Chicago mortgage FAQ
What types of homes do buyers finance in Chicago?
Condos, two- to four-unit buildings, and single-family homes are all common in Chicago. Loan options differ by property type and occupancy, so it helps to talk through your target neighborhood and budget with a licensed loan officer.
What is the 2026 FHA loan limit for Chicago (Cook County)?
Cook County uses Illinois' statewide FHA limit of $541,287 for a one-unit home in 2026, with higher limits for 2-4 unit properties. The conforming (non-jumbo) limit is $832,750.