FHA VS Conventional loan programs in Grandwood-Park, Lake County, Illinois

In 2025, the conventional loan limit in Grandwood-Park, Lake county, IL is $647,200. For a single-family home, the FHA limit is set at $420,680.

Utilize the Lendersa® Conventional loan calculator to evaluate today's best rates among Conventional, FHA, and USDA loans. Determine the income, credit, reserves, and documents required for qualification. This advanced mortgage tool lets you compare Conforming Conventional, USDA, FHA, and VA loans side by side, aiding the decision of which program in IL fits your unique financial needs best.

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2025 Loan Limits and Downpayment Requirements in Grandwood-Park, Lake County, IL

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

This table is relevant for the following zip codes: 60031, 60046

Options for Conventional and FHA Loans in Grandwood-Park, IL

Lendersa® aims to quickly connect you with the best possible Conventional, USDA, or FHA loan, minimizing any hassle. Start by selecting one of three pathways that align with lenders and loan choices that match your needs.

Results for Lendersa USDA loan request


  • E Mortgage Capital, Inc.
  • 18071 Fitch, Suite 200, Irvine, CA, 92614
  • E Mortgage Capital has been a respected mortgage company with what we believe to be the most competitive interest rates in the market, boasting a level of customer service most often associated with small local lenders. Our mission is to serve our customers with honesty, integrity and competence.
  • Val-Chris Investments, Inc.
  • 2601 Main Street, Suite 400, Irvine, CA, 92614
  • Specializing in both residential and commercial loans for borrowers and brokers, as well as trust deed purchases to the investor community. Our tremendous access to lenders allows us to make certain our borrowers get the best loans possible many repeat customers attest to this unique benefit, and to our integrity and dedication.
  • Finance of America Commercial LLC
  • 30 Executive Park, Suite 130, Irvine, NY, 92614
  • As part of the Finance of America family of companies, Finance of America Commercial provides individual and business exposure limits with individual FIX & FLIP rehab property loans, along with BRIDGE loans, and SINGLE & PORTFOLIO RENTAL term loans to residential real estate investors across the country, helping our clients overcome traditional fin
  • 5 Arch Funding Corp.
  • 1920 Main St., Suite 850, Irvine, CA, 92614
  • CoreVest (previously Colony American Finance) was founded in 2014 to meet the demand for affordable debt capital by a broad range of residential real estate investors. Our experience and scale enabled us to provide attractively priced loans and bring investment financing from “Wall Street” to “Main Street”.
  • LendingXpress
  • 17785 Sky Park Circle, Ste E,, Irvine, CA, 92614
  • LendingXpress is a California based commercial, private/hard money, and residential broker/lender specializing in mortgage loans for real estate ranging from various sizes and types ranging from $100,000 to $100,000,000. If you are looking to purchase a properties, refinance, cash out, bridge loan, fix and flip etc..
  • Alt Financial Network, Inc.
  • 18022 Cowan Suite: 245, Irvine, CA, 92614
  • ALT Financial Network is a small group of honest, experienced mortgage professionals. We offer some of the lowest rates and closing costs in the industry because we strive for repeat business from our clients. We stand firmly behind our Good Faith Estimates so you don't have to worry about surprises at closing time
  • E Mortgage Capital, Inc.
  • 2355 Main St, Suite 230, Irvine, CA, 92614
  • Since 1992, the Equity Wave Lending, Inc. staff has specialized in prudent underwriting and responsible direct hard money and private money lending to disadvantaged and under-served Americans. We also provide non-US citizens here and around the world the opportunity to share in the American dream, and invest in our great country.
  • Val-Chris Investments, Inc.
  • 2601 Main Street, Suite 400, IRVINE, CA, 92614
  • Val-Chris Investments, Inc. has been serving California since 1975, specializing in both residential and commercial loans, as well as real estate trust deed purchases. We are a private money lender providing 1st, 2nd, and 3rd trust deeds with loan amounts up to $4.000.000. We have lent over $1 trillion in our career.
  • Sierra Capital Mortgage Company
  • 1055 E. Colorado Blvd, Suite 500, Pasadena, CA, 91106
  • Sierra Capital Mortgage has provided clients throughout California the best possible financing solutions by leveraging our experience and extensive network of lending partners. We are committed to providing our clients expert advice, extremely competitive interest rates, and exceptional customer service.