USDA Vs. FHA Pro and Con comparison in Hainesville, Lake County, IL

In 2026, the USDA loan limit set in Hainesville, within Lake county, IL, is $0. The FHA limit for a single-family residence is $472,030.

Using the Lendersa® USDA loan calculator, compare today's leading USDA and FHA rates and assess the required income, credit, reserves, and documents for qualification. Our comprehensive mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, guiding you to choose the best program in to suit your financial needs.

Explore loan offers from 100 lenders

2026 Loan Limits and Down Payment Requirements in Hainesville, Lake County, IL

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

USDA and FHA Loan Options in Hainesville, IL

Lendersa® aims to quickly find you the ideal USDA or FHA loan with ease. Select one of three starting points to connect with matching lenders and USDA programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IL

A USDA home loan, often termed as a USDA rural development loan or mortgage, is backed by the U.S. Department of Agriculture and available only in rural areas. While FHA loans require at least a 3.5% down payment, USDA loans require none.

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



Hainesville Lenders

  • First Midwest Bank
  • 1777 N. Cedar Lake Rd, Round Lake, IL, 60073
  • Lends in Illinois
  • We are a relationship-based bank with ideas to drive your business forward. We live and work in the communities we serve, so our bankers understand the local market – and your industry. With $21.2B in assets, we have the resources to partner with our clients to provide customized solutions. Currently, we serve nearly 25, 000 commercial clients

  • State Bank of the Lakes, National Association
  • 440 Lake St., Antioch, IL, 60002
  • Lends in Illinois
  • State Bank of The Lakes offers banking solutions tailored to our customers, their needs, and our unique community. No matter what your financial need, we can help. But, we also go above and beyond basic banking solutions. We host financial education courses, hold community events and throw neighborhood cookouts.

  • McHenry Savings Bank
  • 353 Bank Drive, McHenry, IL, 60050
  • Lends in Illinois
  • At MSB we educate and empower our clients so they can go fearlessly forward in their unique financial journey. Our team is committed to understanding your financial needs and objectives so we can craft solutions to meet your transacting, borrowing, and investing needs in a secure, transparent, and cost-effective manner.

  • Northside Community Bank
  • 5103 Washington Street, Gurnee, IL, 60031
  • Lends in Illinois
  • NorthSide Community Bank, with over $250 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The bank was formed in 1996 by a professional group of business men and women to better respond to the market place.

  • ALEC
  • 325 Tri-State Parkway, Gurnee, IL, 60031
  • Lends in Illinois
  • Granted its charter in March 1990, ALEC first opened its doors to the employees of Abbott Laboratories in October of that same year. In our early years through 2001, ALEC Service Centers were located only at the AP30, AP6, AP22 and M1 locations. Since then, we've added four more service centers,

  • Consumers Credit Union
  • 1075 Tri-State Pkwy, Suite 850, Gurnee, IL, 60031
  • Lends in Illinois
  • Consumers Credit Union (CCU), headquartered in Lake County, IL, has provided unparalleled financial services to Members since 1930. The credit union offers a complete menu of products and services, including checking, debit and credit cards, vehicle loans, consumer loans, savings, money market and certificates of deposit

  • Libertyville Bank & Trust Company, National Association
  • 507 N. Milwaukee Ave., Libertyville, IL, 60048
  • Lends in Illinois
  • Libertyville Bank & Trust, along with our community banks in Wauconda, Gurnee, Mundelein, Island Lake and Vernon Hills, is the #1 bank in the area, thanks to the confidence and trust that our customers and the community have placed in us. We are dedicated to providing great accounts and outstanding personal service without the costs.

  • Great Lakes Home Mortgage
  • 1860 West Winchester Road, Suite 102, Libertyville, IL, 60048
  • Lends in Illinois
  • Great Lakes Home Mortgage, Inc. provides its customers with the variety of mortgage products as well as access to various lenders and investors that is necessary in this constantly changing business.

    Services: Whether it is no mortgage insurance programs, equity loans, fixed rates, adjustable rates, jumbo loans, FHA or VA loans

  • Dovenmuehle Mortgage, Inc.
  • 1 Corporate Dr, Suite 360, Lake Zurich, IL, 60047
  • Lends in Illinois
  • Dovenmuehle, we understand the importance of your
    members and provide the solutions and experiences
    you need to build trusted relationships with them. Our
    commitment to innovation and technology means we
    develop leading member experiences and our
    thoughtful approach to service means we provide the
    care and hands-on support they need.