Explore the differences! FHA VS Conventional loan programs in Lakewood, McHenry County, Illinois
In 2025, the limit for Conventional loans in Lakewood, located in the county of McHenry, IL, is $726,200. Meanwhile, the FHA limit for a single-family home is $472,030.
Use the Lendersa® Conventional loan calculator to review today's top rates among Conventional, FHA, and USDA loans. Evaluate income, credit, reserves, and documents required to qualify. With our advanced mortgage calculator, compare Conforming Conventional loans, USDA, FHA, and VA side by side to choose which program in IL best fits your financial situation.
2025 Loan Limits and Downpayment Requirements in Lakewood, McHenry County, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This table applies to these zip codes: 60014, 60098
Conventional and FHA Loan Options in Lakewood, IL
The goal of Lendersa® is to quickly and easily provide you with the best Conventional, USDA, or FHA loan. Pick one of the three starting options to find matching lenders and loan programs.
Traditional Home Mortgage is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools.
Virginia Coop Credit Union is a member-owned financial cooperative offering a wide array of quality and affordable financial products to satisfy our members’ financial needs. Virginia Coop Credit Union was established on July 21, 1937 to promote thrift among its members and to create a source of credit for them.
Since 1903, First National Bank of Osakis has served as the lead financial organization in the Osakis Area community, providing customized guidance, resources, and products (checking, savings, money markets, certificates of deposits, individual retirement accounts, health savings accounts, residential mortgage loans, commercial Mortgage loan.
We're the mortgage brokers with Lending Hand Mortgage LLC, offering personalized mortgage solutions, fast customized quotes, great rates, & service with integrity. We understand that no two clients are the same so our loan origination approach is tailored to each client for their specific needs.
At Citizens Bank of Kentucky we believe banking is an experience. We recognize you have a choice when it comes to selecting a banking partner.
To our present customers, we are grateful for your business. Our pledge to you is that we will continually find ways to create more value for your banking relationships.
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.
New Castle Bellco Federal Credit Union is a federally charted, not-for-profit, full service financial institution that is member owned and controlled through a board of directors. The voluntary board is elected by the membership to establish credit union policies and is responsible for the safe and sound operation of the credit union.
First Choice FCU was originally chartered in 1952. At the time we were known as the B&O New Castle Employees Federal Credit Union and were the primary credit union of the Baltimore – Ohio Railroad, the current CSX Corporation. We have also always offered full family membership. Any family member of an existing member is eligible to join.
