USDA Vs. FHA your options comparison in Lake-Forest, Lake County, IL

In 2024, USDA loan limit in Lake-Forest, county of Lake, IL is $0 while FHA limit is $379,500 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

Compare loan offers from 100 lenders

2024 loan limits and downpayment requirments 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%

USDA and FHA loan options in Lake-Forest, IL

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

Lendersa USDA loan request and matching results

What is USDA Loan in Illinois?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

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



  • Main Line Mortgage LLC
  • 119 Wilson Road, King Of Prussia, PA, 19406
  • At Main Line Mortgage LLC. We are a full-service mortgage company based in King of Prussia, PA. We specialize in First Time Home Loans and No Cost Home Loans in King of Prussia. We also serve the entire state of Pennsylvania and Florida. Whether you are buying a home or refinancing in PA or FL.
  • FOXTROT MORTGAGE, LLC
  • 166 Allendale Rd., Suite 6, King Of Prussia, PA, 19406
  • As a residential mortgage broker, we do the research for you by shopping multiple investors to get you the best rate and program that will best suit your particular needs. As your trusted mortgage advisors with over 60 years of combined experience, we are well equipped to help you with first-time buyer programs like FHA and VA,
  • Hayes Hyman
  • 1121 Situs Court, Suite 100, Raleigh, NC, 27606
  • Hayes Hyman and Team are at Corporate Investors Mortgage Group My team and I here at Corporate Investors Mortgage Group, where I serve as Sr. Mortgage Loan Officer in the Raleigh office, have been at Corporate Investors since 2005. My team has over 100 years of combined mortgage banking experience. We are proud to have one the most experienced.
  • New Castle County Delaware Employee Federal Credit Union
  • 100 New Churchmans Rd, New Castle, DE, 19720
  • Your Credit Union is a not-for-profit financial cooperative providing the best service to our most important assets – our members. All credit unions in Delaware are charted under Federal Law. We are regulated by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government.
  • All4You Federal Credit Union
  • 2320 N Dupont Hwy, New Castle, DE, 19720
  • All4You FCU is a not-for-profit, existing exclusively to provide members with financial products at the lowest cost possible with excellent, personalized service. All earnings are returned to members through lower rates, higher dividends and fewer fees. Our field of membership extends to anyone who lives, works, worships or attends school.
  • State Employees’ Credit Union
  • 1000 Wade Ave, Raleigh, NC, 27605
  • A not-for-profit financial cooperative owned by its members, State Employees'​ Credit Union (SECU) has been providing employees of the state of North Carolina and their families with consumer financial services for 84 years. The Credit Union also offers a diversified line of financial advisory services including retirement and education planning.
  • Northpoint Lending
  • 113 W Lancaster Ave, Wayne, PA, 19087
  • Northpoint Lending We're 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, terms and cost
  • Price Financial Services LLC
  • 126 W. Lancaster Avenue, Wayne, PA, 19087
  • At Price Financial Services we believe that excellent service and a reputation for honesty, integrity and reliability are just as important as interest rates and closing costs. Our website provides seamless access to online current mortgage rates and programs and the ability to securely upload documents.