FHA announced that it will lower all loan limits beginning with case numbers ordered on or after January 1st.
The Chicago-land area will see a drop from the current $410,000 maximum to $365,700 for 1-unit properties.
The loan limits listed below are for the following counties:
Kane Kendall McHenry Will Winnebago
If you're in the market for a higher-dollar FHA loan, make sure to look at the new limits. Case #'s ordered before the new year will still be able to get the current loan limits.
If you have any questions, please let me know.
Have a good evening...