FHA VS Conventional loan programs in Island-Lake, Lake County, Illinois
In the year 2025, the limit on Conventional loans for a single-family residence in Island-Lake, located in Lake county of IL, is pegged at $647,200, whereas the FHA limit is $420,680.
Utilize Lendersa®'s Conventional loan calculator to compare the best available rates for Conventional, FHA, and USDA loans today. Ascertain the required income, credit score, financial reserves, and documents for eligibility. Our sophisticated mortgage tool offers a side-by-side comparison of Conforming Conventional loans, USDA, FHA, and VA, assisting in selecting the most suitable program for your financial situation in IL.
Loan limits and downpayment requirements for 2025 in Island-Lake, Lake county, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$647,200
3%
USDA
$0
0%
FHA
$420,680
3.5%
Applicable to zip codes: 60042
Discover Conventional and FHA loan options in Island-Lake, IL
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Our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process, so that you can confidently select the best loan for you and your company from the many loan options that are available today.
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