Explore the differences! FHA VS Conventional loan programs in Fox-Lake, Lake County, Illinois

In 2025, the Conventional loan ceiling in Fox-Lake, located in Lake county, IL, is $647,200, whereas the FHA's maximum is $420,680 for single-family dwellings.

Utilize the Lendersa® Conventional loan calculator to evaluate today's best rates between Conventional, FHA, and USDA loans. It aids in determining the necessary income level, credit score, reserves, and documentation to qualify. Our cutting-edge mortgage calculator presents Conforming Conventional loans, USDA, FHA, and VA options next to each other, offering a clear comparison to decide which program is most suitable for your financial needs in IL.

Compare loan offers from 100 lenders

2025 Loan Limits and Down Payment Requirements in Fox-Lake, Lake County, IL

Loan Type Loan Limit Down Payment
Conventional Conforming $647,200 3%
USDA $0 0%
FHA $420,680 3.5%

This comparison applies to the following zip codes: 60020, 60081, 60041

Exploring Conventional and FHA Loan Alternatives in Fox-Lake, IL

The mission of Lendersa® is to provide you with the most advantageous Conventional, USDA, or FHA loan swiftly and effortlessly. Choose from three pathways to match with suitable lenders and loan offers.

Lendersa USDA loan request and matching results


  • Innovative Mortgage Inc
  • 2001 E Fremont Ct, Arlington Heights, IL, 60004
  • Innovative Mortgage Inc boosts your home-buying journey with top tier mortgage solutions, enhancing dreams with personalized services that suit every client's needs. Provide us with a few simple details and we’ll match you with a personal home financing specialist to help you on your home journey.
  • One Republic Mortgage
  • 725 E.Dundee Rd, Suite 201, Arlington Heights, IL, 60004
  • One Republic Mortgage Inc. was founded in 2008 as a broker of residential home loan purchases and refinances. But after the dramatic environmental shift the financial and real-estate sectors endured in recent history, we determined that we could better serve the community by converting into a lender.
  • Acclaim Mortgage Corp.
  • 2815 Forbs Ave, Suite 107-59, Hoffman Estates, IL, 60192
  • 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.
  • Comfy Loans LLC
  • 200 W Higgins Rd, Schaumburg, IL, 60195
  • Comfy Loans LLC is is privately owned and licensed as a residential mortgage broker in 2 states - Florida & Illinois. Unlike banks and giant online lenders, Comfy Loans LLC specialize exclusively in home loans. We can find the best loan for your situation. And because we have access to wholesale rates, we’ll pass those savings along to you.
  • Nationwide Mortgage & Realty
  • 2300 Barrington Road, Suite 400, Hoffman Estates, IL, 60169
  • Nationwide Mortgage and Realty Company is located in the northwest suburban area of Chicago, about 18 miles northwest of O'Hare Airport, in the Vistex Building at the above address in Hoffman Estates, Illinois. Nationwide has been in business since 1992 and its staff has experience going back to the early 1970's.
  • Presidential Preferred Funding LLC
  • 2356 Hassell Road, Suite A, Hoffman Estates, IL, 60169
  • We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates.
  • Schaumburg Bank & Trust Company, National Association
  • 1180 E Higgins Rd, Schaumburg, IL, 60173
  • Schaumburg Bank & Trust offers banking solutions tailored to our customers, their needs, and our unique community. No matter what your financial need, we can help. But, we also go above and beyond basic banking solutions. We host financial education courses, hold community events and throw neighborhood cookouts.
  • Bluestar Mortgage Inc
  • 951 North Plum Grove Road, Suite E, Schaumburg, IL, 60173
  • We are not just a typical mortgage lending company, that will have you start by working with the loan officer (or sales person) then be handed off to their assistant/processor, and later to their closer, only to explain your situation to multiple people. Our loan officer’s pride themselves with being involved in every step of the process with you.
  • Moonstar Mortgage
  • 953 N. Plum Grove Road, Schaumburg, IL, 60173
  • We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending from purchasing to refinancing and to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan with the best interest rates.
  • American Financial Mortgage Services Inc
  • 1101 Perimeter Drive, Suite 460, Schaumburg, IL, 60173
  • American Financial Mortgage Services, Inc. was founded in June, 1993. We have survived the economic recessions that have hit this country by providing our customers with low rates and low costs on all our mortgage products. The average loan officer at American Financial Mortgage Services.
  • HomeTown Lending Partners LLC
  • 1700 East Golf Road, Suite 100, Schaumburg, IL, 60173
  • HomeTown Lending Partners we want to make your loan experience satisfying and rewarding. Our seasoned Mortgage Consultants will carefully guide and educate you through the entire home loan process, so you feel confident as you make choices about the many options available for your financing strategy