VA Loan Limits in Madison County, Illinois (2026)
In Madison County — anchored by Madison County — the 2026 VA county loan limit is $832,750 for a single-family home. That matches the national conforming baseline used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $832,750 |
| Two-unit (duplex) | $1,066,150 |
| Three-unit (triplex) | $1,288,800 |
| Four-unit (fourplex) | $1,601,650 |
Buying in Madison County with a VA loan
A VA buyer near Madison County can put $0 down on a $248,000 home. Add the one-time funding fee (~$5,332, financed), skip mortgage insurance entirely, and the monthly cost runs about $2,137 at 6.25%.
$0-down VA payment scenarios in Madison County
Here is how a $0-down VA payment scales across Madison County price points (funding fee financed, no PMI, sample 6.25% rate):
| Purchase Price | Down | Est. Monthly Payment |
|---|---|---|
| Entry-level — $179,000 | $0 | $1,575 |
| Local median — $248,000 | $0 | $2,137 |
| Higher-end — $335,000 | $0 | $2,846 |
Estimates include the financed funding fee plus Illinois property taxes and insurance — but no monthly mortgage insurance, because VA loans never charge it. Rates move daily near Madison County too — get alerts.
VA multi-unit limits in Madison County
VA also finances 2-4 unit homes in Madison County with $0 down if you live in one unit — $1,066,150 for a duplex, $1,288,800 for a triplex, and $1,601,650 for a fourplex (partial-entitlement caps). Rent from the other units can help you qualify.
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Frequently Asked Questions
- What is the VA loan limit in Madison County for 2026?
- For veterans with partial entitlement, the 2026 VA limit in Madison County is $832,750 (one unit), $1,066,150 (duplex), $1,288,800 (triplex), and $1,601,650 (fourplex). With full entitlement there is no limit.
- Do I really need $0 down to buy in Madison County?
- Eligible veterans can buy with no down payment at all. On a median $248,000 Madison County home that is $0 down, with a one-time funding fee of about $5,332 that is usually financed into the loan.
- Does a VA loan have monthly mortgage insurance in Madison County?
- No. VA loans never charge monthly mortgage insurance (PMI/MIP) — one of the biggest reasons a VA loan is cheaper than FHA or low-down conventional financing.
- Is Madison County a high-cost VA county?
- No — Madison County uses the $832,750 national conforming baseline for partial entitlement.