In 2025, the conventional loan limit set for New-Lenox in Will County, IL, stands at $647,200. In contrast, the FHA limit is specified as $420,680 for a single-family residence.
Try the Lendersa® Conventional Loan Calculator to compare current rates for Conventional, FHA, and USDA loans. It helps you understand the needed income, credit score, reserves, and paperwork for qualification. Our advanced mortgage calculator shows you a side-by-side comparison of Conforming Conventional, USDA, FHA, and VA loans, equipping you to select the most appropriate option for your financial needs in IL.
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Type of Loan | Maximum Limit | Required Down Payment | |
Conventional Conforming | $647,200 | 3% | |
USDA | $303,600 | 0% | |
FHA | $420,680 | 3.5% |
The above comparison table is relevant to these zip codes: 60451
Lendersa® aims to provide you with the best Conventional, USDA, or FHA loan options quickly and efficiently. Choose one of the three pathways below to find matching lenders and suitable loan programs.
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