USDA Vs. FHA your options comparison in Island-Lake, Lake County, IL
In 2025, the USDA loan limit in Island-Lake, located in Lake county, IL, is $0. Meanwhile, the FHA cap for a single-family home is $379,500.
Make use of the Lendersa® USDA loan calculator to assess and juxtapose today's top USDA and FHA rates. This will help you identify the required income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator compares USDA, FHA, Conforming, and VA programs side by side, guiding you to choose the most appropriate option for your financial situation in .
Loan Limits and Down Payment Requirements for 2025 in Island-Lake, Lake County, IL
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$379,500
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Island-Lake, IL
Lendersa® strives to provide you with the best possible USDA or FHA loans swiftly and hassle-free. Begin with one of three entry points to connect with matching lenders and USDA loan programs.
The USDA home loan, guaranteed by the U.S. Department of Agriculture, also known as the USDA rural development loan or mortgage, is exclusive to rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, USDA loans need no down payment, making them highly accessible.
We are committed to help borrowers understand their options for real estate financing and making solid financial decisions. In the past 15 years, we helped tens of thousands of our customers to finance their home with favorable terms and low costs. We offer wide range of programs for all customers
Wildcat Lending is a leading private money lender also known as a hard money lender. We produce fast, reasonable, secure real estate loans that enable you to close quickly on residential investment properties. Wildcat Lending offers real estate financing that avoids the time-consuming process and requirements of conventional lenders.
The Nortex Mortgage team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. Mortgage team is committed to providing clients with the highest quality financial services combined with the lowest rates available.
We offer the best mortgage tools available on the Internet – easy, convenient online shopping for the best loan programs and most current rates available, together with the assistance of an experienced live loan officer to guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs.
Great Western Financial Services, Inc company prides itself on its collaborative culture and passion in its role in the home buying experience. Through innovation in technology and experience we provide steady guidance along the journey to home ownership.As a family-owned business.
Almega Mortgage, we know that each customer has specific mortgage needs, so we strive to meet those specific needs with a wide array of mortgages combined with quality service and individual attention. Though we are based in Plano, we routinely serve clients in Allen, Frisco, Carrollton, Richardson, Garland, and the rest of the Dallas metroplex.
At MJ Mortgage Services, LLC. We are a full-service mortgage company based in West Hartford, Connecticut. We specialize in Home Purchase Loans and Refinance in West Hartford. We also serve the surrounding cities in Hartford County. Whether you are buying a home or refinancing in the zip code 06117
A full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending...from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates.
New Silver is a technology enabled non-bank lender primarily focused on providing financing to the United States based ‘fix & flip” sector, with a concentration on single-family residential & small balance commercial assets.New Silver’s proprietary technology automates and streamlines loan originations,while using data to reduce loan default risk.
