FHA VS Conventional loan programs in 2026 for Waukegan, Lake County, Illinois
In 2026, the conventional loan limit for Waukegan, within Lake, IL, is $726,200. For a single-family home, the FHA limit is set at $472,030.
Take advantage of the Lendersa® Conventional loan calculator to weigh today's best rates among Conventional, FHA, and USDA loans. Determine the income, credit reserves, and documentation needed for qualification. Our advanced mortgage calculator provides side-by-side comparisons of Conforming Conventional loans, USDA, FHA, and VA, assisting you in selecting the perfect program for your financial situation in IL.
2026 Loan Limits and Down Payment Requirements in Waukegan, County of Lake, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$0
0%
FHA
$472,030
3.5%
This table is applicable for the following zip codes: 60087
Options for Conventional and FHA Loans in Waukegan, IL
The purpose of Lendersa® is to secure the best Conventional, USDA, or FHA loan for you swiftly and with ease. Choose one of three starting options to find matching lenders and their loan programs.
Great Lakes Credit union is banking for better. Founded in Lake County, Ill. in 1938, GLCU began with one goal in mind: Enable civil servants to create their ideal future by borrowing and saving at competitive rates.
At the time, no financial institution existed in the area, leaving local workers without an option to safely.
The De La Cerda Team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
NorthSide Community Bank, with over $250 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The bank was formed in 1996 by a professional group of business men and women to better respond to the market place.
Granted its charter in March 1990, ALEC first opened its doors to the employees of Abbott Laboratories in October of that same year. In our early years through 2001, ALEC Service Centers were located only at the AP30, AP6, AP22 and M1 locations. Since then, we've added four more service centers,
Consumers Credit Union (CCU), headquartered in Lake County, IL, has provided unparalleled financial services to Members since 1930. The credit union offers a complete menu of products and services, including checking, debit and credit cards, vehicle loans, consumer loans, savings, money market and certificates of deposit
Libertyville Bank & Trust Company, National Association
507 N. Milwaukee Ave., Libertyville, IL, 60048
Lends in Illinois
Libertyville Bank & Trust, along with our community banks in Wauconda, Gurnee, Mundelein, Island Lake and Vernon Hills, is the #1 bank in the area, thanks to the confidence and trust that our customers and the community have placed in us. We are dedicated to providing great accounts and outstanding personal service without the costs.
