FHA VS Conventional loan in Algonquin, McHenry County, Illinois

In 2025, the Conventional loan limit for Algonquin, situated in McHenry county, IL, is $726,200, whereas the FHA loan limit for a single-family home is $472,030.

Utilize the Lendersa® Conventional loan calculator to compare today's rates for Conventional, FHA, and USDA loans. Assess the required income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator lets you see Conforming Conventional loans, USDA, FHA, and VA options side by side, helping identify which program in IL suits your financial needs best.

Review loan offers from a diverse selection of 100 lenders

2025 Loan Limits and Downpayment Requirements in Algonquin, McHenry, IL

Loan Type Loan Limit Down payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

This comparison table is applicable to zip codes: 60102

Explore Conventional and FHA Loan Choices in Algonquin, IL

The aim at Lendersa® is to provide the best available Conventional, USDA, or FHA loans quickly and easily. Opt from three starting points to connect with lenders and find suitable loan programs.

Results for Lendersa USDA loan requests


  • Ultima Bank
  • 9 West Minnesota Avenue, Winger, MN, 56592
  • Ultima Bank Minnesota originated as Farmers State Bank of Winger and was founded in 1904 in Winger, Minnesota, a small farming community in the northwest corner of the state. As typical of such communities, Winger's population peaked in the 1940's and then began to drop from about 400 to a little over 200 people today.
  • NwaLending.com
  • 2829 E Hyland Park Road, Fayetteville, AR, 72701
  • NwaLending.com is a leading mortgage lender in the Northwest Arkansas area & we pride ourselves for our friendly customer service. Call and set up an appointment today & we will help you formulate a plan for your next home purchase.Our office is in Northwest Arkansas near the U of A campus in Fayetteville, and we are owned by a local Arkansas Bank.
  • VISIONBank
  • 3000 25th Street, Fargo, ND, 58103
  • VISIONBank is a locally-owned community bank that was started in 2003 by a team of experienced bankers who were committed to providing exceptional service and building an organization that would never lose that small town bank connection to its clients. Walk into the lobby of one of the VISIONBank locations
  • Fargo Public Schools Federal Credit Union
  • 1609 32nd Avenue S, Fargo, ND, 58103
  • Fargo Public Schools Federal Credit Union is a not-for-profit, member-owned financial cooperative providing services to the employees of Fargo Public Schools and their families. On November 10, 1934 with $10, 000 in deposits, 10 educators signed a charter to form FPSFCU. It was the first credit union in North Dakota and 47th in the nation.
  • F-M Mortgage Corporation
  • 801 10th Street South, Suite 100, Fargo, ND, 58103
  • F-M Mortgage was founded in May of 1992 by Marles Hass and Larry Reiser. F-M Mortgage's home office is located at 801 10th Street South, in downtown Fargo, ND. Our Bismarck office is located downtown, in the Logan's on Third building, at 120 3rd Street North. We are the EXPERIENCED EXPERTS in the Mortgage Market in North Dakota and Minnesota.
  • IMAGINE HOME LENDING, LLC
  • 3330 Fiechtner Drive, Suite 108, Fargo, ND, 58103
  • Imagine home lending community by supporting you through the loan process. We know that you have many options for lenders, but just like finding the perfect home, you need the perfect lender. Preferably, a lender that is trustworthy, who is attentive, and who can dedicate attention to ensure a smooth closing process for you
  • First Class Mortgage Inc.
  • 2300 13th Avenue S, Fargo, ND, 58103
  • First Class Mortgage is more than just our company name. It's the way we do business! Whether you are buying a new home or refinancing your existing mortgage, our dedicated team is committed to satisfying your home financing needs. We provide First Class service, First Class knowledge, and First Class experience
  • Anytime Mortgage LLC
  • 3247 47th St S, Fargo, ND, 58104
  • Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
  • Cornerstone Bank
  • 45th St 2280 45th Street S, Fargo, ND, 58104
  • North and South Dakota, our bank has been growing since 1936. We believe that while bank products are similar in most financial institutions, Cornerstone Bank offers one distinct difference: here you have easy access to the experts—the people who help you make decisions, whatever your business and whatever your balance.
  • NEXA Mortgage | Kyle Green
  • 5551 36th Ave S, Unit D, Fargo, ND, 58104
  • "I provide mortgage loan products for homeowners purchasing or refinancing real property in North Dakota. While partnered with NEXA, I bring extensive loan options to my clients. Effectively achieving my clients home goals is my top priority. Schedule an appointment with me here: https://Calendly.com/kylegreen1/mortgage-inquiry/"
  • Forward Mortgage
  • 4575 23rd Ave S, Suite 250, Fargo, ND, 58104
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan