FHA VS Conventional loan in New-Lenox, Will County, Illinois

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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Loan limits and down payment requirements for 2025 in New-Lenox, Will County, IL

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

Available Conventional and FHA Loan Programs in New-Lenox, IL

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.

Discover USDA loan request and matching results with Lendersa


  • Mortgage Mac
  • 330 E. Lambert Rd, Suite 250, Brea, CA, 92821
  • Mortgage Mac is a Direct Lender who does everything in-house from application, processing, underwriting to closing. We strive to make your mortgage process quick, simple, and as hassle-free as possible We offer a wide array of loan options to fit virtually every need Including; Agency, FHA, Jumbo, HELOC and Portfolio programs.
  • EMET Lending Group
  • 2601 Saturn St, Suite 200, Brea, CA, 92821
  • Emet Mortgage is a mortgage lending company established in California that always prioritizes its clients and partners in everything we do to ensure your satisfaction and success. Not only Emet Mortgage consists of a large group of mortgage professionals with vast expertise in the industry but also we value
  • Wetzel Mortgage Group
  • 500 S. Kraemer Blvd, Suite 217, Brea, CA, 92821
  • Steven Wetzel (Loan Officer) is worked in Mortgage Banking for several years now. My success has been built upon the same tenants that made me successful running my family business- Customer Satisfaction, Integrity, and On Time Delivery. I enjoy working on the team because we pull together on all of our clients.
  • The A-Team
  • 3350 Birch St, Suite 140, Brea, CA, 92821
  • "We are THE A-TEAM of American Financial Network, Inc., a direct-lender with full delegation for FHA, VA, USDA, conventional loans and many other major secondary market institutions. We specialize in personalized mortgage solutions, fast customized quotes, great rates, & service with integrity."
  • First Americal Mortgage
  • 351 Oak Place, Suite K, Brea, CA, 92821
  • At First Americal Investments we strive to make you a client for life. We want to be your first choice each and every time you need a home loan. We always try to go above and beyond for you so that you will always feel confident referring your family and friends to us for their mortgage financing needs.
  • DGH Home Mortgage
  • 1411 Woodcrest Avenue, Brea, CA, 92821
  • We offer a variety of Home Mortgages, Conventional, High Balance Conventional, Jumbo, FHA,VA, Reverse Mortgages, Equity lines for Home Purchases and Refinances, for first time homebuyers to the experienced home buyers and investors. Currently also closing HARP 2.0 loans with many of our lending instutitions.
  • TRG Mortgage
  • 145 South State College Boulevard, Suite 315, Brea, CA, 92821
  • TRG as an independent mortgage banking group, thrives in the marketplace with the sound ideology & commitment in service excellence. Our passion for technology, education, planning and home financing solutions for our clientele is the strength of everyday. Not only will our turn-times be a time-mover, the personalized & tailored mortgage plan.
  • S & S Home Loans
  • 400 West Lambert Road, Suite F, Brea, CA, 92821
  • S & S Home Loans has been providing our client's real estate financing expertise since 1983. We value each relationship and strive to educate and inform our clients to make the loan process simple and transparent. Whether buying or refinancing or gal is to provide extraordinary service and we work hard to earn our clients trust and confidence.
  • Charis Loans, Inc.
  • 135 South State College Boulevard, Suite 200, Brea, CA, 92821
  • Charis is a word that is used for both giving and receiving. All of us, at Charis Loans, are both aware and thankful that we’ve been given grace, favor, and kindness throughout our lives. Our mission is to put those qualities into our work and give all of our clients an experience equal to our name. We appreciate the opportunity to serve.