USDA and FHA Pro and Con in Kankakee, Kankakee County, IL

For 2025, the USDA loan limit in Kankakee, located in Kankakee county, IL amounts to $336,500, whereas the FHA limit for a single-family home is $472,030.

Use the Lendersa® USDA loan calculator to evaluate the current USDA and FHA rates, assessing the income, credit, reserves, and documents necessary to qualify. Our sophisticated mortgage calculator presents a side-by-side comparison of USDA, FHA, Conforming, and VA options to help determine which program best suits your financial situation in .

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Loan limits and down payment details for 2025 in Kankakee, Kankakee county, IL

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Options in Kankakee, IL

The goal of Lendersa® is to secure the best USDA or FHA loan for you swiftly and effortlessly. Choose one of three initial approaches that connect with lenders and USDA programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IL

The USDA home loan, backed by the Department of Agriculture, also referred to as a USDA rural development loan, is available exclusively for rural areas. In contrast to FHA loans that demand a minimum of 3.5% down payment, USDA loans necessitate no down payment.

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



  • Canals & Trails Credit Union
  • 838 S State Street, Lockport, IL, 60441
  • Canals & Trails Credit Union was established in 1959 as Lockport Schools Credit Union. As the community of Lockport grew and the population expanded, Lockport Schools Credit Union changed its name to Tri-Township Schools Federal Credit Union. In addition to serving school districts in Lockport, Romeoville, Bolingbrook, Crest Hill, Homer Glen
  • PARLAY MORTGAGE & PROPERTY, INC
  • 16612 W. 159th St, Suite 201, Lockport, IL, 60441
  • Parlay Mortgage & Property, where we are constantly striving to make a complicated process a little bit better. We offer all types of mortgage products including, but not limited to, Conventional, FHA, VA, Purchase, Refinance, Fresh Start (recent bankruptcy, foreclosure or short sale) and First-time Homebuyer
  • Great Horizons Federal Credit Union
  • 7550 Hohman Avenue, Building Center, Munster, IN, 46321
  • Great Horizons Federal Credit Union is located in Munster, IN, United States and is part of the Depository Credit Intermediation Industry. If you are interested in joining Great Horizons FCU - Members of their immediate families. Spouses of persons who died while in the field of memberships of this credit union.
  • Peoples Bank
  • 9204 Columbia Avenue, Munster, IN, 46321
  • For over 100 years, Peoples Bank has maintained a philosophy of commitment to the customer, a belief that has allowed Peoples Bank to thrive and continue to serve the people of Northwest Indiana. It’s the same philosophy that drives Peoples now as it did in 1910 when the Bank first opened for business.
  • Smart Mortgage Center - Patty Harrison
  • 16151 S Lincoln Highway, Plainfield, IL, 60586
  • Smart Mortgage Centers is a Better Business Bureau A+ rated Mortgage Company. We are a family owned and operated business helping the community obtain mortgages for purchase and refinancing since 1997. At Smart Mortgage Centers, we work with over 30 of the top lenders in the industry to help find you the best rate
  • Sherwin-Williams Credit Union
  • 16230 Prince Drive, South Holland, IL, 60473
  • Sherwin-Williams Credit Union We are a full service credit union that offers various deposit accounts including savings, checking, CDs, IRAs, and money markets. We also offer all kinds of loans such as mortgages, home equity loans, vehicle loans, signature loans, share secured loans, credit cards, and pay day lending for quick cash
  • First Equity Home Loans LLC
  • 13820 South Cicero Avenue, Crestwood, IL, 60445
  • Our goal is to offer the best refinance rates and lowest mortgage payments in minutes. We will beat virtually any mortgage rate quote and our wide selection of loan products are sure to provide the perfect mortgage solution for all of your Real Estate finance needs. We specialize in home purchase, home refinance, second mortgage.
  • United Trust Bank
  • 12330 S Harlem Ave, Palos Heights, IL, 60463
  • At United Trust Bank we provide financial solutions to our customers while being fully committed to offering exceptional service and value. Unlike many banks and mortgage lenders, our bank is owned by our employees, not just stockholders. This important difference allows us to be more focused on the people we serve.
  • Illiana Financial Credit Union
  • 1600 Huntington Drive, Calumet City, IL, 60409
  • Illiana Financial was organized in 1936 by a small group of employees working at Illinois Bell Telephone Company, a subsidiary of American Telephone & Telegraph (A.T.&T.). These volunteers formed the credit union with the philosophy of helping each other by pooling their resources together in order to loan money to each other in times of need.
  • Boda Finance LLC
  • 5164 East 81st Street 3rd Floor, Merrillville, IN, 46410
  • We at Boda Finance believe there is no deal that is too big to fund. From refinancing, to construction, and blanket loans, we focus on financing quickly and without hassle. If you are in need of a lending partner, look no further than Boda Finance LLC! We get you funded regardless of the market conditions!
  • ProFinance Federal Credit Union
  • 7700 Broadway, Merrillville, IN, 46410
  • ProFinance Federal Credit Union is a locally owned, nonprofit, community-focused credit union for the cities and towns of Merrillville, Gary, New Chicago,Portage, Hobart, Lake Station, and South Haven. Established in 1938, our financial institution has been proud to offer our members a complete array of financial services including debit