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.
Explore offers from over 100 lenders
| Loan Type | Loan Limit | Down payment | |
| Conventional Conforming | $647,200 | 3% | |
| USDA | $0 | 0% | |
| FHA | $420,680 | 3.5% |
Applicable to zip codes: 60042
The aim of Lendersa® is to secure the best possible loan options, whether Conventional, USDA, or FHA, quickly and with minimal fuss. Start with one of three entry points to find matches with lenders and suitable loan programs.
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Bridge Loan Guides
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NMLS 1795154
