FHA VS Conventional loan programs in 2025 for 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.
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.
Mortgage Solutions Financial offers a comprehensive range of services to help individuals and families procure new homes, refinance their existing mortgages and reduce their monthly payments. We are in your neighborhood, with professional staff that live where you do and who are committed to understanding your needs. With options for direct lending
Whether you’re interested in ReFinancing a mortgage, doing some remodel work, or you just got back from overseas and want a VA loan to start building your home, we’ll help you do it.Patty Newby and her team want to help you get the home you’ve always wanted, just like they’ve been doing since 2004.
5160 Tennyson Parkway, Suite 1000, Plano, TX, 75024
Eleven Mortgage is setting a new standard in the wholesale mortgage market. Our business is built on relationships, precision, and unparalleled service to make mortgage transactions easy for brokers and customers alike. Unprecedented speed and service beyond your expectations are at the heart of every loan. On a scale of one to ten, we are eleven…
6847 Communications Parkway, Suite 710, Plano, TX, 75024
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home and commercial 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.
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
InTouch Credit Union has proudly served members since its charter was granted in 1974, originally to serve Electronic Data Systems (EDS) employees in the Dallas area. Today, our not-for-profit community credit union has branches in three states, including our corporate headquarters located in Plano, Texas.
Whether you're interested purchasing a new home or refinancing your current home, John Cross Mortgage is here to help you find the loan options that fit your individual needs. We have been lending since 2007, and have been a Broker since 2015, we Major in both FHA, and Conventional, we are able to do USDA and VA loans as well.
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.
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, terms.
