Explore the differences! FHA VS Conventional loan programs in Merrillville, Lake County, Indiana

As of 2025, the conventional loan limit in Merrillville, county of Lake, IN is set at $726,200, while the FHA limit for a single-family home is $472,030.

Utilize the Lendersa® Conventional loan calculator to compare the current top rates for Conventional, FHA, and USDA loans. You can gauge the income, credit score, reserves, and documentation needed for eligibility. This advanced calculator displays Conforming Conventional, USDA, FHA, and VA loans side-by-side, aiding you in selecting the best option in IN for your financial needs.

Compare loan offers from a wide range of 100 lenders

2025 loan limits and down payment requirements in Merrillville, county of Lake, IN

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

This table applies to the following zip codes: 46410, 46307, 46401, 46411

Exploring Conventional and FHA loan choices in Merrillville, IN

Lendersa® strives to help you obtain the most suitable Conventional, USDA, or FHA loan promptly and without stress. Choose one of three initial steps that lead to matching lenders and lending options.

Lendersa USDA loan request and matching results


  • West Michigan Mortgage
  • 5344 Plainfield Ave NE, Grand Rapids, MI, 49525
  • West Michigan Mortgage, offering personalized mortgage solutions, fast customized quotes, great rates, & service with integrity. We’re here to make the home loan process easier, with tools and knowledge that will help guide you along the way. Start with a fast, personalized rate quote.
  • Riverbank Finance LLC
  • 3205 Eaglecrest Drive Northeast, Suite 206, Grand Rapids, MI, 49525
  • We are a locally owned mortgage company that specializes in home-buyer financing. Our wide range of home loan programs allows us to offer tailored mortgage programs based on each client's individual needs. Most of our loan options have no lender fees while also having some of the lowest rates in the industry.
  • Lake State Mortgage
  • 5500 Northland Dr NE, Suite J, Grand Rapids, MI, 49525
  • 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.
  • Chapman Mortgage
  • 8001 S Meridian St, Indianapolis, IN, 46217
  • "Chapman Mortgage has been in business since January 2000. We are a local company on the southside of Indianapolis. We are licensed to serve the entire state of Indiana. Chapman Mortgage offers the following mortgage products: Purchase Refinance Fixed & ARMs Conventional Loans FHA Loans VA Loans"
  • Bank of Lake Mills
  • 136 E Madison Street, Lake Mills, WI, 53551
  • Bank of Lake Mills was organized in 1893 by S. A. Reed, E. J. Fargo, L. D. Fargo, David Gardner, B. J. Silliman, R. E. Favill, Robert Fargo, William Everson and Conrad Engsberg. The bank was built despite the numerous bank failures that occurred that same year. In 1919, Emil Neupert joined Bank of Lake Mills and became Bank President.
  • Peoples National Bank of Kewanee
  • 207 North Tremont Street, Kewanee, IL, 61443
  • Peoples National Bank of Kewanee is a long-standing institution in Central Illinois. Serving Kewanee for over 90 years, Peoples National Bank of Kewanee also serves the communities of Annawan, Bradford, Dwight, Manlius, Reynolds, Seneca On March 1, 1928, Peoples State Savings Bank opened its doors at the corner of Tremont and Second Streets.
  • Thrive Credit Union
  • 4501 South Delaware Drive, Muncie, IN, 47302
  • Thrive Credit Union was founded in 1940 by the employees of Delco Battery. These employees joined together to establish a financial service dedicated to serving the hard working, faithful employees of Delco Battery and their families. Over the past 81 years, Thrive Credit Union has been a part of the Delaware County community.
  • First County Federal Credit Union
  • 1100 W 11th Street, Muncie, IN, 47302
  • First County Federal Credit Union in Muncie, Indiana is where free checking still rules and loan deals run wild. With physical branches on Muncie's diverse south and east sides, First County FCU provides real help for real people.Membership is open to anyone who lives, works, goes to church or goes to school in Delaware County, Indiana. And members
  • First National Bank
  • 302 S Main St, Cloverdale, IN, 46120
  • First National Bank is a community bank committed to serving you better. As one of the oldest and most stable banks in the Indianapolis area, First National Bank has been a staple of the community for more than 100 years. As a full-service financial institution, we serve both individuals and small businesses alike, with a full range of banking
  • Glacier Hills Credit Union
  • 2150 S Main Street, West Bend, WI, 53095
  • We were founded in 1934 by employees of West Bend Aluminum Company to provide affordable access to financial services for employees. Much has changed in the financial arena since 1934, but the mission remains the same - People helping people to improve the financial well-being of each member.
  • Advantage One Credit Union
  • 204 N Jackson Street, Morrison, IL, 61270
  • Advantage One Credit Union has been open since 1998. The credit union has assets totaling $25.38 Million and provides banking services to more than 3,000 members The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members.