HUD-insured apartment loans in Elgin, IL
10 properties in Elgin with 1,064 units have FHA-insured mortgages, owing $102.8 million in all. The median note rate is 4.245%; the lowest is 2.22% at Squire Village Apartments.
| Property | Units | Rate | Balance | Matures |
|---|---|---|---|---|
| Squire Village Apartments | 180 | 2.22% | $12.4 million | 2056 |
| Central Park Towers | 164 | 2.68% | $6.2 million | 2061 |
| Watermark at the Grove | 282 | 3.31% | $55.0 million | 2059 |
| Buena Vista Tower | 96 | 3.8% | $3.4 million | 2049 |
| Wing Schoolhouse Apartments | 27 | 4.19% | $2.2 million | 2063 |
| Burnham Manor Apartments | 100 | 4.3% | $12.5 million | 2064 |
| Family Court Townhomes | 74 | 4.5% | $3.3 million | 2056 |
| Fox River Crossing | 60 | 4.62% | $4.2 million | 2060 |
| River's Edge Townhomes | 31 | 5.22% | $1.0 million | 2058 |
| Wildwood Trace | 50 | 5.83% | $2.6 million | 2066 |
Most-active servicers here: Illinois Housing Development A (5), Merchants Capital Corp. (4), Pgim Real Estate Agency Financ (1).
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Grouped by the city HUD records for each property.
Buying or refinancing in Elgin?
The Janover Capital desk can tell you whether an existing HUD loan can move with the property, and what a new one would size to.