USDA and FHA Pro and Con in Lake-Forest, Lake County, IL
As of 2025, the USDA loan limit in Lake-Forest, located in the county of Lake, IL, amounts to $0. In comparison, the FHA limit for a single-family home is $379,500.
Utilize the Lendersa® USDA loan calculator to effectively compare today's USDA and FHA rates. This tool helps determine the necessary income, credit score, reserves, and documents needed to qualify. Our advanced mortgage calculator provides a side-by-side comparison of USDA, FHA, Conforming, and VA programs, assisting you in selecting the ideal plan for your specific financial needs in .
Comprehensive Overview of 2025 Loan Limits and Downpayment Requirements in Lake-Forest, County of Lake, 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 Lake-Forest, IL
The primary objective of Lendersa® is to promptly secure the most favorable USDA or FHA loan without hassle. Select one of three initial pathways to connect with matching lenders and explore the USDA loan programs that best fulfill your financial objectives.
The USDA home loan, backed by the Department of Agriculture, also called the USDA rural development loan or mortgage, is exclusively available in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA mortgages require no down payment at all, offering a significant advantage to qualifying borrowers seeking affordable homeownership options in designated regions.
9350 Falls of Neuse Road, Suite 103, Raleigh, NC, 27615
"At Triangle Lending Group, Inc., you will find an experienced team of professionals dedicated to making your home-financing transaction a remarkable experience.
Triangle Lending Group was established in 2004. We’re a locally owned and operated firm that truly puts our clients first.
7100 Six Forks Road, Suite 335, Raleigh, NC, 27615
LYNK Capital, mortgage lending is in our blood. In fact, we have decades of experience in this business, with members of our team having either owned or held senior positions in numerous mortgage companies, banks, title companies, and other real estate businesses. We’ve also been property investors ourselves.
8414 Falls of Neuse Rd, Suite 202, Raleigh, NC, 27615
Raleigh Mortgage Group, Inc (RMG) is a licensed Mortgage Broker providing financing for properties located in North Carolina.We have been right here on Six Forks Road in Raleigh since 2001.RMG has survived the economic downturn and is up to date and in compliance with all aspects of the recent mortgage reforms & remains locally owned and operated.
The Delaware National Bank of Delhi is the oldest bank in Delaware County, and the oldest corporation in the community of Delhi. We are also the 25th oldest bank in the country, and the 3rd oldest in New York State.
In 1839 we opened our doors for business on the second floor of a storefront on Delhi's Main Street. In 1841
Commercial Bank has always been committed to serving communities that lacked access to credit & consumer financial services. In 2014 we continued our commitment to serving our economically underserved markets by becoming a certified Community Development Financial Institution. Community business leaders formed Commercial Bank in 1914 in DeKalb, MS.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs
Excel Mortgage Corp, USA was established in 2007 by Ryan Hall and Chris Pappa. Ryan and Chris wanted to take their experience in the industry and expand it to really focus on the client. Meeting with borrowers throughout the process, attending settlements and having a live person answering
