FHA VS Conventional loan programs in Deerfield, Lake County, Illinois
For the year 2025 in the city of Deerfield, within Lake county, located in IL, the cap for conventional loans is $726,200 and for FHA loans, it is $472,030, applicable to single-family homes.
By using Lendersa®'s Conventional loan calculator, you can contrast the current Conventional, FHA, and USDA rates while figuring out the necessary income, credit, reserves, and documentation to qualify. The advanced mortgage tools assist you in viewing Conforming Conventional, USDA, FHA, and VA loans side by side, facilitating your decision on the program in IL that suits your financial needs.
Loan limits and down payment requirements for 2025 in Deerfield, Lake county, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$726,200
3%
USDA
$0
0%
FHA
$472,030
3.5%
The above table is relevant for zip codes: 60015
Available Conventional and FHA Loans in Deerfield, IL
The mission of Lendersa® is to swiftly and smoothly connect you with the best available Conventional, USDA, or FHA loan options. Choose from three pathways to connect with matching lenders and mortgage programs.
Elite Mortgage Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of California. Whether you are a first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt.
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Benji Edwardson was born and raised in Redding, CA. He received his psychology degree in 2004 from Simpson University and wanted to go into counseling. He took a job at a local mortgage office in 2004 and decided this was his career.His wife Jamie is a local Real Estate agent that was also born and raised in Redding.
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I have been providing my customers exceptional customer service for over 15 years I have had several positions in the mortgage industry that have giving me the insight and understanding of the entire loan process. With this knowledge I am able to get loans approved quicker with fewer conditions which lead to a shorter loan process times.
