Illinois Conventional Loans | IL Conforming Loan Limits
What are Conventional Loans and Conforming Loans?
By definition, a Conventional Loan is any mortgage that’s not guaranteed or insured by the federal government. Illinois conventional loans may be either “conforming” and “non-conforming”, although ‘conventional loans’ generally refer to ‘conforming loans’. Therefore Illinois conventional loan limits are the same thing as Illinois conforming loan limits. Read More