FHA VS Conventional loan programs in Shorewood, Will County, Illinois

In 2024, Convetional loan limit in Shorewood, county of Will, IL is $726,200 while FHA limit is $472,030 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in IL is best for your particular financial situation.

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2024 loan limits and downpayment requirments in Shorewood, county of Will, IL

Loan Type Loan Limit Down payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

The comparison table applies to zip codes: 60404

Conventional and FHA loan options in Shorewood, IL

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • Hendricks County Bank and Trust Company
  • 1 East Main Street, Brownsburg, IN, 46112
  • Our mission at Hendricks County Bank and Trust is to promote economic prosperity-- improving the quality of life in the community we serve. We will do this by providing quality banking services in a professional manner with employees who are empowered to recognize and respond to the needs of our customers.
  • First Federal Savings and Loan Association of Central Illinois
  • 200 N Morgan Street, Shelbyville, IL, 62565
  • First Federal Savings & Loan Association of Central Illinois is the result of the merger of First Federal Savings & Loan Association of Shelbyville and Charleston Federal Savings & Loan. Both institutions were originally formed under state charters as cooperative home financing organizations to provide a safe place for their members.
  • Bippus State Bank
  • 150 Hauenstein Rd, Huntington, IN, 46750
  • Bippus State Bank has served Huntington and surrounding counties since 1911. We are a community bank and pride ourselves on providing excellent customer service. BSB offices are conveniently located in Huntington, North Manchester, Roanoke, and Warren. We are Member FDIC and an Equal Housing Lender.
  • Afena Federal Credit Union
  • 424 N Bradner Avenue, Marion, IN, 46952
  • At Afena, throughout our history we’ve been dedicated to serving our community. Our story began in 1957 when Marion Creech, Leonard Flannery, and George Shively founded Marion Independent FCU. It all started in the home of the treasurer, and our staff consisted of a single volunteer. From our first loan of $200, our focus has been giving our member
  • Tri-Cities Credit Union
  • 905 Pennoyer Avenue, Grand Haven, MI, 49417
  • Tri-Cities Credit Union is a unique financial institution. We are not-for-profit, member-owned, & democratically operated by those very same members. Unlike profit-driven financial institutions, we return our excess earnings to our members in the form of friendly service, low interest rates on loans, higher yields on savings & investment accounts,
  • AIM Credit Union
  • 1200 Associates Drive, Suite 102, Dubuque, IA, 52002
  • Formerly Alliant Credit Union (ACU) is powered by you because it was developed by the employees of our utility company in 1933. They listened to the financial needs of their co-workers and chartered the Credit Union to answer those needs. Depositors were members/owners of ACU. AIM Credit Union is unique.
  • DuTrac Community Credit Union
  • 3465 Asbury Rd, Dubuque, IA, 52002
  • As a credit union, DuTrac Community Credit Union is a not-for-profit cooperative that exists solely to serve its member/owners rather than to maximize corporate profits. Although credit unions earn a profit like any other business, the profits are returned to the members in the form of lower loan rates and higher deposit rates.
  • Merchants Capital Corp
  • 410 Monon Blvd, Carmel, IN, 46032
  • Merchants Capital is a multifamily, affordable and healthcare lender offering a direct way to access fixed-rate, long-term, non-recourse financing via our bank, Merchants Bank, all with a single point of contact. We strive to provide the best origination and service of loan products with exceptional customer service, accuracy, creativity
  • Atlantic Mortgage Inc
  • 865 West Carmel Drive, Suite 112, Carmel, IN, 46032
  • Established in July 2004 Atlantic Mortgage Inc. offers wholesale mortgage lending to consumers in Indiana and Florida. Atlantic Mortgage Inc. has developed an excellent reputation as a preferred mortgage brokerage firm. Serving the lending needs of home buyers, realtors/brokers, and custom builders.
  • Channelwood Mortgage, Inc.
  • 1980 E. 116th Street, Suite 120B, Carmel, IN, 46032
  • Channelwood Mortgage Inc. 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
  • Indiana Secondary Market For Edu
  • 11595 N. Meridian St, Suite 200, Indianapolis, IN, 46032
  • For over 40 years, the goal of INvestEd has been to provide students with solutions to put higher education within reach. We believe strong choices before college are the best way to limit excessive student loan debt after college. That’s why our efforts focus on providing friendly, free, expert financial aid help to students, families
  • CPL Investments LLC
  • 650 E Carmel Dr, Suite 320, Carmel, IN, 46032
  • CPL Investments company individually run with Constantine at the helm, has grown into a fully functional team focused on building systems and processes to execute investments quickly. Developing a more robust internal team of thinkers and problem solvers has increased efficiencies and helped.