For 2025, the USDA loan limit in Grandwood-Park, within the county of Lake, IL, is $0. The FHA limit for a single-family home is set at $379,500.
Utilize the Lendersa® USDA loan calculator to assess and compare today's top USDA and FHA rates. It helps you identify the necessary income, credit, reserves, and documentation needed for qualification. Our advanced mortgage calculator allows you to examine USDA, FHA, Conforming, and VA options side by side, assisting in determining which plan in
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| Loan Type | Loan Limit | Down Payment |
| USDA | $0 | 0% |
| FHA | $379,500 | 3.5% |
| Conventional Conforming | $548,250 | 3% |
The purpose of Lendersa® is to quickly and effortlessly connect you with the finest USDA or FHA loan available. Begin by choosing one of three entry points that lead to matching lenders and USDA loan programs.
A USDA home loan is guaranteed by the government Department of Agriculture, also referred to as the USDA rural development loan or USDA mortgage, and serves rural areas exclusively. Unlike FHA loans, which necessitate at least a 3.5% down payment, the USDA mortgage reads zero down payment requirement, making it uniquely advantageous for eligible applicants seeking homeownership in designated areas.
Enter your location to find out if it qualifies for USDA rural housing loan?
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