USDA Vs. FHA Pro and Con comparison in Beach-Park, Lake County, IL

In the current year, 2025, the USDA loan limit in Beach-Park, within the county of Lake in IL, is set at $0, whereas the FHA limit for a single-family abode is $379,500.

To compare today's best USDA vs. FHA rates, make use of the Lendersa® USDA loan calculator, which assists in determining the necessary income, credit criteria, reserves, and documentation for loan qualification. Our advanced mortgage calculator displays the USDA, FHA, Conforming, and VA loans side by side, helping you decide which program in is most suitable for your financial circumstances.

Compare loan offers from a selection of 100 lenders.

2025 Loan Limits and Down Payment Requirements in Beach-Park, Lake, IL

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $379,500 3.5%
Conventional Conforming $548,250 3%

Explore USDA and FHA Loan Opportunities in Beach-Park, IL

The objective of Lendersa® is to swiftly secure the most favorable USDA or FHA loan for you with no stress. You have the option to begin with one of three pathways that connect you with matching lenders and USDA loan programs.

Visual of Lendersa's USDA loan request and matching outcomes

Understanding USDA Loans in IL

A USDA home loan is backed by the U.S. Department of Agriculture and commonly called a USDA rural development loan or USDA mortgage. It is designated for rural neighborhoods exclusively and, unlike FHA loans requiring a minimum 3.5% down payment, the USDA mortgage specifies no down payment requirement.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Mortgage Now Inc.
  • 1161 Broad St #212, Shrewsbury, NJ, 07702
  • Mortgage Now Inc. , where we specialize in residential mortgages. At Mortgage Now Inc. , we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly.
  • TMC Equities Inc
  • 29 Marble Avenue, 2nd Floor, Pleasantville, NY, 10570
  • TMC Equities, Inc. is a local and community oriented mortgage broker. For over 24 years we have been located in Pleasantville, NY. Products are available for every purchase or refinance including less than perfect credit, little down payment, low income. We shop with a variety of banks to pass on better rates than your bank.
  • AJlenders LLC
  • 2918 Ave I, Brooklyn, NY, 11210
  • AJ LENDERS can help you with your real estate investments in a convenient, no-fuss process. Whether you're looking for your first real estate investment property or your 100th deal, choosing the right loan and lender for your project is extremely important. Talk to us today for a free no-obligation assessment.
  • Brooklyn Cooperative Federal Credit Union
  • 1474 Myrtle Avenue, Brooklyn, NY, 11237
  • Brooklyn Cooperative Federal Credit Union As your community development credit union, our mission is to support the economic development of our neighborhoods through consumer, business, and home loans and core financial services. Today Brooklyn Cooperative is helping to revitalize Bushwick and Bedford-Stuyvesant
  • Channel Mortgage
  • 55-25 69th Street, 1st Floor, Maspeth, NY, 11378
  • Channel Mortgage is a dynamic mortgage company, dedicated to helping customers connect the dots on their path to home ownership. The Company’s leadership has over 50 years combined experience in the mortgage business. Channel Mortgage is a 100 percent referral based business. We do not expend resources on slick advertising and other misleading gimm
  • Brisco Funding LLC
  • One South Greeley Ave Suite 1b, Chappaqua, NY, 10514
  • Brisco Funding, LLC is located in Chappaqua, NY, United States and is part of the Mortgage Banking Industry. Brisco Funding, LLC has 1 total employees across all of its locations and generates $165,887 in sales (USD).Brisco Funding is a Private Lending company specializing in single-family and multi-family rehab lending.
  • McClain Bank
  • 131 W. Main St., Purcell, OK, 73080
  • McClain County National Bank was chartered on March 8, 1922, right here on Main Street in Purcell. Officers at the time consisted of John H. Perry as President, E.L. Sheets as Vice President, and John H. Wells as Cashier. Six months later, at the close of business on September 15, the Bank had total assets of $298, 212.95. In 1927,
  • SBA Loan Group
  • 1650 Eastern Parkway, Suite 207, Brooklyn, NY, 11233
  • SBA Loan Group was founded in 2012 to guide small business owners about the SBA loan program and how it works. We specialize in SBA loans, and you are not just a number on a check l-list, but a client and can have personalized attention because each deal is unique for us. Yankie Markowitz is the Chief Executive Officer of SBA Loan Group.
  • Lamar M. Collins, CMPS
  • 197 Ralph Avenue, Ground Floor, Brooklyn, NY, 11233
  • Our mission is to serve our customers with honesty, integrity & competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates & closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan. All loans arranged with third party providers.