USDA and FHA Pro and Con in Deer-Park, Lake County, IL

For 2025, the loan limit for USDA in Deer-Park, situated in Lake County, IL is $0, whereas the FHA limit for a single-family home reaches $379,500.

Utilize the Lendersa® USDA loan calculator to analyze and contrast today's best USDA versus FHA rates. Determine the necessary income, credit score, reserves, and documents required to qualify. With our advanced mortgage calculator, you can compare USDA, FHA, Conforming, and VA loans side by side, aiding your decision on which program in fits your financial profile best.

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

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

USDA and FHA Loan Options in Deer-Park, IL

The primary goal of Lendersa® is to rapidly secure the optimal USDA or FHA loan for you, eliminating unnecessary hassle. Start with one of three points to link with suitable lenders and uncover USDA loan programs.

Lendersa USDA loan request and matched outcomes

Understanding the USDA Loan in IL

A USDA home loan, endorsed by the government's Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is accessible exclusively in rural neighborhoods. FHA loans require at least a 3.5% down payment, whereas USDA loans do not require any down payment, providing an advantageous option for eligible borrowers.

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



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  • 1611 South Pacific Coast Highway, Suite 102, Redondo Beach, CA, 90277
  • South Bay Equity Lending (SBEL) was established in 1998. In 2001, Matthew Hadnett, a former Wells Fargo executive, joined the organization. Matthew has managed SBEL since 2001 and is also the principal. The headquarters are located in the Riviera Village, Redondo Beach. SBEL is both a mortgage broker and a mortgage banker.
  • California Home Financial
  • 200 South Pacific Coast Highway, Redondo Beach, CA, 90277
  • California Home Financial is a real estate company based out of 200 S Pacific Coast Hwy With a history of integrity & quality California Home Financial is the place where you can find the best possible mortgage solutions to meet your needs. Helping you find the best mortgage options for your situation. We want to make acquiring a mortgage simple.
  • Riviera Funding
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  • Our goal at Riviera Funding is to be the “lender for life” for every one of our clients. Additionally, we expect to continue our growth as a company through the referrals of every one of our past (and current) clients. We have been successful with this philosophy in the past & expect to continue to be successful with this philosophy in the future.
  • Professional Lending Network
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  • Professional Lending Network is a full-service brokerage for wholesale mortgages. It specializes in single family residences as well as units.With over 15 years of experience as a mortgage broker, real estate broker, and estate planning lawyer, Gregory is uniquely positioned to help his clients with a wide variety of matters.
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  • RB Lending you're buying your first house or refinancing your jumbo mortgage, you'll save thousands of dollars. I sleep well at night knowing I'm giving people the best service and lowest costs possible. I get a daily report of the lenders with the lowest rates in the country and pass those rates on to you
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  • Imperial Mortgage & Real Estate Services has been serving clients in the Sierra Foothills for over 30 years. As both a Licensed Mortgage Broker and Realtor, Keith brings a unique set of skills to his clients. Keith has also been certified by the National Association of Realtors as a Seniors Real Estate Specialist.
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  • After 35 years in mortgage lending, Empire of America established itself as an effective and knowledgeable mortgage lending firm that knows how to move with the times. With a wide variety of loan products available, a completely secure online platform, and literally ZERO salespeople, you'll find you can easily talk through your home loan opti