| ZIP | Metro area |
|---|---|
| 60010 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60012 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60015 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60021 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60022 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60026 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60029 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60035 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60042 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60043 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60045 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60047 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60053 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60061 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60062 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60069 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60083 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60088 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60089 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60091 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60093 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60102 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60103 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60107 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60112 | DeKalb County, IL HUD Metro FMR Area |
| 60124 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60126 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60134 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60151 | DeKalb County, IL HUD Metro FMR Area |
| 60173 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60175 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60190 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60192 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60194 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60201 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60203 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60208 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60301 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60404 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60422 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60446 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60461 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60464 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60473 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60490 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60491 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60502 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60503 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60504 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60521 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60540 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60544 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60558 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60563 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60564 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60565 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60585 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60585 | Kendall County, IL HUD Metro FMR Area |
| 60586 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60586 | Kendall County, IL HUD Metro FMR Area |
| 60601 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60602 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60603 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60604 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60605 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60606 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60607 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60610 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60611 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60613 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60614 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60622 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60640 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60642 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60654 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60657 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60661 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 60712 | Chicago-Joliet-Naperville, IL HUD Metro FMR Area |
| 61011 | Rockford, IL MSA |
| 61065 | Rockford, IL MSA |
HUD designates a metro ZIP code (SDDA) or non-metro county as a DDA when its Fair Market Rent or construction costs are high relative to area median income. New LIHTC construction in a DDA qualifies for a 130% qualified basis — the same 30% boost QCTs receive. For Illinois investors, DDA and QCT overlays together map where affordable-housing capital is flowing hardest.
A Difficult Development Area (DDA) is a HUD-designated metro ZIP code or non-metro county where land, construction, and utility costs are high relative to Area Median Income. HUD republishes the Illinois list annually.
A LIHTC project in a designated DDA may qualify for a 30% increase in eligible basis — the same boost available in a Qualified Census Tract — which raises the credit amount the project can claim.
Small Area DDAs (SDDAs) are designated at the ZIP-code level inside metro areas, so one Illinois metro can contain both designated and undesignated ZIPs. Non-metro DDAs are designated at the county level.
DDA status signals a high-cost submarket relative to local incomes, which usually means higher purchase prices and construction budgets. It does not change loan eligibility on its own; business-purpose financing is underwritten on the property's economics and lender guidelines.
Every update below is a published figure from a named federal source, shown with the exact period that source covers. Where a dataset is only produced at county or state level, it is labelled that way rather than presented as city data. These are market statistics for informational purposes only — they are not rates, loan terms, or an offer of credit.
The most recent published Census reading for Illinois shows a median owner-occupied home value of $250,500, a median gross rent of $1,227 per month. These are survey estimates for the period shown, not live listing prices, and they are the starting point investors use to sanity-check a rent assumption before underwriting a DSCR file.
Census reports a population of 12,692,653, a median household income of $81,702, a rental vacancy estimate of 8.1% for Illinois. Income and vacancy set the practical ceiling on achievable rent, which is what a DSCR calculation is ultimately built on.
Source periods represented above: ACS estimates, ACS 5-Year 2023. Each figure updates only when its publisher releases a new period — we never restamp an older reading with a newer date.
Informational market data only. Nothing in this section is a rate, an annual percentage rate, a payment, a loan term, an approval, or an offer or commitment to lend. Citing a federal dataset does not imply the agency endorses, sponsors or is affiliated with Simply Approved Mortgages LLC (NMLS #2620881). Financing referenced on this page is business-purpose investment property financing.
Send the address and we'll pull the FMR, confirm DDA/QCT overlap, and reply with DSCR pricing feedback.
Get Your Personalized Rate QuoteA DSCR file is judged on the property, not your tax returns: qualifying rent divided by PITIA — principal, interest, taxes, insurance, plus HOA and flood where they apply. Most programs use the lesser of the in-place lease rent and the appraiser's market rent, so a lease signed below market usually caps the ratio no matter how strong the comps look.
Three inputs move the outcome more than anything else: rent support on the appraiser's rent schedule (Form 1007 or 1025), the LTV tier, and the credit tier. Dropping leverage by five points or moving up a FICO band frequently changes pricing more than shopping a different lender does.
Before you write an offer, price taxes and insurance at post-sale levels rather than the seller's current bill. In reassess-on-transfer states and in coastal insurance markets, that single adjustment is the most common reason a deal that penciled at contract fails the ratio at underwriting.
Reviewed by Simply Approved Mortgages · NMLS #2620881. Business-purpose investor lending only.
Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
The form below is tailored to DSCR rental loan — only the questions your program needs.
Every DSCR / business-purpose loan file needs a tri-merge credit report so we can verify identity, price your rate tier accurately, and confirm reserves and payment history for the underwriter. Cleaner credit typically unlocks a better rate and higher leverage.
Simply Approved Mortgages uses MeridianLink SmartPay to securely collect the credit report fee for your investor pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks your tri-merge report (Equifax, Experian, TransUnion) so your loan officer can price your file.
You'll be redirected to cic.cra.xedalink.net (SmartPay).
Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.
You'll be redirected to myitincredit.com. Third-party service — terms apply.
Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages does not profit from the credit pull. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.
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