Freeport, Illinois Mortgage & Home Loans
Freeport, the seat of Stephenson County in northern Illinois, offers very affordable housing and small-city living. Its affordability suits first-time buyers.
- Population 23,973
- Local, licensed guidance
Stephenson 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 Freeport
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 Freeport? Illinois Housing Development Authority (IHDA) programs and other down-payment assistance may be available in Stephenson County. See first-time buyer options →
Talk to a Freeport loan officer
Tell us about your goals and a licensed loan officer will help you find the right loan for Freeport. No obligation.
What are your goals?
Freeport mortgage FAQ
Is Freeport affordable?
Freeport offers very affordable northern-Illinois housing, putting homeownership within reach for first-time buyers.
What's the FHA limit in Freeport?
Stephenson County follows Illinois' statewide 2026 FHA limit of $541,287 (one-unit) and the $832,750 conforming limit.