Fact Checked

2023 Mortgage Loan Limits: Cook County, Illinois

Dan Green
Author: Dan Green
Last Updated: July 28, 2023
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2023 Mortgage Loan Limits for Cook County, Illinois

Conforming Loans
FHA Loans
Property Type
2023 Loan Limit
1-Unit Homes
2-Unit Homes
3-Unit Homes
4-Unit Homes
Source: Federal Housing Finance Agency; Federal Housing Administration

Cook County, Illinois, mortgage loan limits apply in:

Cook County 2023 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)

What is a mortgage loan limit?

Mortgage loan limits are the upper boundaries for how much a home buyer can borrow on a mortgage. Loan limits vary by county and home type.

The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conforming mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In Cook County, the 2023 conforming mortgage loan limit for a 1-unit home is $726,200. The 2023 FHA mortgage loan limit for a 1-unit home is $472,030.

Conforming and FHA mortgage loan limits change annually to reflect changes in local and national home values. Loans that exceed conforming loan limit sizes are commonly called jumbo mortgages. As of 2023, there are no mortgage loan limits for VA loans or USDA loans.

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Mortgage Loan Limits Near Cook County, Illinois

Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Cook County, Illinois. Local loan limits and county-level mortgage data updated regularly.

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Historical Charts: Mortgage Loan Limits in Cook County, Illinois

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Cook County, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.

Conforming Loans
FHA Loans

Mortgage Statistics from Cook County, Illinois

Mortgage statistics for Cook County, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.

Cook County, Illinois (2018-2022)

Loan Type
Relative Share
Property Type
Relative Share
1-Unit Homes
2-Unit Homes
3-Unit Homes
4-Unit Homes
Borrower Status
Relative Share
One Borrower
Two or More Borrowers
Relative Share
Not Specified
Relative Share
American Indian / Alaska Native
Black / African American
Native Hawaiian / Other Pacific Islander
Relative Share
Hispanic or Latino
Not Hispanic or Latino
Cook County data represents closed-end, first-lien purchase mortgages for residential properties, 1-4 units, for the 5-year period 2018-2022. Source: FFEIC Home Mortgage Disclosure Act

Mortgage Statistics Near Cook County, Illinois

Get mortgage statistics for the areas surrounding Cook County, Illinois.

See National 2023 U.S. Mortgage Statistics

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See Today’s Mortgage Rates in Cook County, Illinois

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