Dan Green

Dan Green

Since 2003, Dan Green has been a leading mortgage lender and respected industry authority. His unwavering commitment to first-time home buyers and home buyer education has established him as a trusted voice among his colleagues, his peers, and the media. Dan founded Homebuyer.com to expand the American Dream of Homeownership to all who want it. .

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This website discusses mortgage programs and how to qualify. Your eligibility may vary based on lender guidelines and investor overlays. Check with your lender for specific details.

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Your trust matters to us. This article was thoroughly checked for accuracy as of February 14, 2024. Homebuyer.com ensures every piece of information we share reflects the latest in mortgage standards. Learn more about our commitments to our reader in our editorial guidelines.

Mortgage Loan Limits for Cook County, Illinois

Conforming Loans
FHA Loans
Property Type
2024 Loan Limit
1-Unit Homes
$766,550
2-Unit Homes
$981,500
3-Unit Homes
$1,186,350
4-Unit Homes
$1,474,400
Source: Federal Housing Finance Agency; Federal Housing Administration

Cook County, Illinois, mortgage loan limits apply in:

Cook County 2024 mortgage loan limits include the following cities: Alsip, Arlington Heights, Barrington (Township), Bedford Park, Bellwood, Berkeley, Berwyn, Berwyn (Township), Bloom, Blue Island, Bremen, Bridgeview, Broadview, Brookfield, Burbank, Burnham, Calumet, Calumet City, Calumet Park, Chicago Heights, Chicago Ridge, Cicero, Cicero (Township), Country Club Hills, Countryside, Crestwood, Des Plaines, Dixmoor, Dolton, East Hazel Crest, Elk Grove, Elmwood Park, Evanston, Evergreen Park, Flossmoor, Ford Heights, Forest Park, Forest View, Franklin Park, Glencoe, Glenview, Glenwood, Golf, Hanover, Harvey, Harwood Heights, Hazel Crest, Hickory Hills, Hillside, Hodgkins, Hometown, Homewood, Indian Head Park, Inverness, Justice, Kenilworth, La Grange, La Grange Park, Lansing, Lemont (Township), Leyden, Lincolnwood, Lynwood, Lyons, Lyons (Township), Maine, Markham, Matteson, Maywood, McCook, Melrose Park, Merrionette Park, Midlothian, Morton Grove, Mount Prospect, New Trier, Niles, Niles (Township), Norridge, Northbrook, Northfield, Northfield (Township), Northlake, North Riverside, Norwood Park, Oak Forest, Oak Lawn, Oak Park, Oak Park (Township), Olympia Fields, Orland, Orland Hills, Palatine, Palatine (Township), Palos, Palos Heights, Palos Hills, Palos Park, Park Ridge, Phoenix, Posen, Prospect Heights, Proviso, Rich, Richton Park, Riverdale, River Forest, River Forest (Township), River Grove, Riverside, Riverside (Township), Robbins, Rolling Meadows, Rosemont, Sauk Village, Schaumburg (Township), Schiller Park, Skokie, South Barrington, South Chicago Heights, South Holland, Stickney, Stickney (Township), Stone Park, Streamwood, Summit, Thornton, Thornton (Township), Westchester, Western Springs, Wheeling (Township), Willow Springs, Wilmette, Winnetka, Worth, Worth (Township)

Historical Charts: Mortgage Loan Limits in Cook County, Illinois

Cook County mortgage loan limits adjust annually to match changes in the FHFA House Price Index.

Conforming Loans
FHA Loans

Mortgage Statistics from Cook County, Illinois

Cook County mortgage statistics are sourced from the FFIEC, which collects anonymous HMDA mortgage data from U.S. mortgage applications.

Loan Type
Relative Share
Conventional
75.49%
FHA
21.75%
VA
2.76%
USDA
0.00%
Property Type
Relative Share
1-Unit Homes
93.24%
2-Unit Homes
5.15%
3-Unit Homes
1.13%
4-Unit Homes
0.48%
Borrower Status
Relative Share
One Borrower
12.72%
Two or More Borrowers
87.28%
Gender
Relative Share
Male
50.13%
Female
33.50%
Not Specified
16.37%
Race
Relative Share
American Indian / Alaska Native
0.41%
Asian
9.84%
Black / African American
14.18%
Native Hawaiian / Other Pacific Islander
0.11%
White
72.88%
Other
2.58%
Ethnicity
Relative Share
Hispanic or Latino
19.45%
Not Hispanic or Latino
77.93%
Illinois data represents 2018-2022 closed-end, first-lien purchase mortgages for 1-4 unit residential properties. Source: FFEIC Home Mortgage Disclosure Act

Mortgage Loan Limits Near Cook County, Illinois

2024 conforming and FHA mortgage loan limits for for the areas surrounding Cook County, Illinois. Local loan limits and county-level mortgage data updated regularly.

View Nearby Counties:

DuPage County, Illinois
Kane County, Illinois
Lake County, Illinois
McHenry County, Illinois
Will County, Illinois
Lake County, Indiana
Porter County, Indiana
Berrien County, Michigan
National Data

See Today’s Mortgage Rates in Cook County, Illinois

       

Today's 30-year fixed-rate mortgage rate in Illinois is 6.25%. See current mortgage rates for every mortgage product and check your eligibility for first-time home buyer programs with an Immedate Mortgage Approval by Homebuyer.com.

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