USDA and FHA Pro and Con 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.

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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?



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