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

In 2024, Convetional loan limit in Grandwood-Park, county of Lake, IL is $647,200 while FHA limit is $420,680 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in IL is best for your particular financial situation.

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2024 loan limits and downpayment requirments in Grandwood-Park, county of Lake, IL

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

The comparison table applies to zip codes: 60031, 60046

Conventional and FHA loan options in Grandwood-Park, IL

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • Milton Estrada Senior Mortgage Broker
  • 10542 Calle Lee, Suite 102, Los Alamitos, CA, 90720
  • Milton Estrada is by nature a creative person in his field and as all creative persons, he is a rebel! He believes that everyone who wants and needs a home loan deserves all of his experience and wealth of knowledge to obtain a loan. If there is a way to obtain the best loan for you, Milton Estrada will find it.
  • Elite One Mortgage
  • 10542 CALLE LEE SUITE # 102, Los Alamitos, CA, 90720
  • Elite One Mortgage we strive to evaluate all of the mortgage possibilities that are right for you, working with you every step of the way. That way, we can creative a home loan that best fits your unique situation and provides you with the most competitive rates that are available anywhere in the nation.
  • Water and Power Community Credit Union
  • 1053 W Sunset Blvd, Los Angeles, CA, 90012
  • Water and Power Community Credit Union was formed in 1936 by 10 employees of the Department of Water and Power (DWP). Through the years, WPCCU has helped members send their children to college, save for retirement, purchase a vehicle and a home. The credit union was the place where countless members turned to solve life's financial challenges.
  • EZ Mortgages
  • 4535 Missouri Flat Rd, Suite 2E, Placerville, CA, 95667
  • EZ Mortgages was founded by Eric Grathwol (NMLS 239756), a mortgage industry veteran, on the principle that real estate financing doesn’t have to be a painful, unpleasant experience for you. We understand that although every individual borrower and scenario is unique, each lender has standard requirements that are very uniform.
  • Mille Mortgage Inc.
  • 9631 Flower St, Suite 101, Bellflower, CA, 90706
  • Count on Mille Mortgage Inc. to help you choose from the home loans available to you. Since 2001, we have served the people of Los Angeles County as a licensed mortgage company. We provide fantastic customer service backed by more than 20 years of knowledge and experience. Owner and founder Russell Gomez was licensed in 1996
  • Global Interest Funding
  • 17822 Bellflower Blvd, Bellflower, CA, 90706
  • Global Interest Funding is an independent mortgage firm, our principal has over 22 years of experience in the mortgage industry. Helping our clients with variety of loan programs that best for their needs. We work with the leading lenders in the industry to provide FHA Home Loan, VA Home Loan, Conventional Home Loan.
  • The Mortgage Professionals
  • 16901 Bellflower Blvd, Bellflower, CA, 90706
  • Our staff is comprised of seasoned professionals, all having 7+ years in the mortgage industry. We honor our clients by providing trustworthy, honest work with integrity. We are proactive, not reactive – helping to avoid any headaches during the loan process. We offer fast and efficient escrows, providing thorough communication along the way.
  • Tri-Pillar Mortgage
  • 9957 Artesia Pl, Bellflower, CA, 90706
  • Tri-Pillar Realty was founded out of a goal to make buying a home more achievable for a variety of customers. That is why Tri-Pillar Realty is committed to bringing you the best possible home buying experience. We promise to treat you with respect, offer you fair and efficient service and a commitment to honesty.
  • Surfside Mortgage Inc.
  • 17000 Clark Avenue, Bellflower, CA, 90706
  • 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.