USDA Vs. FHA Pro and Con comparison in Lake-in-the-Hills, McHenry County, IL

In 2024, USDA loan limit in Lake-in-the-Hills, county of McHenry, IL is $303,600 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-in-the-Hills, county of McHenry, IL

Loan Type Loan Limit Down payment
USDA $303,600 0%
FHA $379,500 3.5%
Conventional Conforming $548,250 3%

USDA and FHA loan options in Lake-in-the-Hills, 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?



  • Reeds Real Estate
  • 111 Mill Creek Parkway, Suite 200, Chesapeake, VA, 23323
  • At Reeds Real Estate we provide services that are targeted to meet your every need. Every client who seeks expert advice gets nothing but the best treatment. Expect successful negotiations, efficiently closed deals, and a seamless, stress-free experience. When you work with us, you can rest assured that you will always be our top priority.
  • Anderson Brothers Bank
  • 101 N. Main Street, Mullins, SC, 29574
  • Anderson Brothers Bank is a full service community Bank offering a complete range of competitive loan services and deposit products. Founded in 1933, this family-owned Bank blends the elements of traditional personal service, local market awareness, and advanced technology to meet the financial needs of its customers.
  • Freehold Savings Bank
  • 68 W Main St, Freehold, NJ, 07728
  • Freehold Bank is a community-first financial services provider, and our commitment to growth shapes everything we do. We see growth potential everywhere we look, and our mission is to deliver solutions that genuinely serve your best interests. We are banking powered by good values, deep roots, friendly faces, and proven expertise.
  • NJ Latvian Federal Credit Union
  • 1017 State Route 33, Freehold, NJ, 07728
  • New Jersey Latvian Federal Credit Union has been open since 1971. The credit union has assets totaling $8.72 Million and provides banking services to more than 200 members. The credit union is a fraternal credit union. Membership is also open to immediate family of current members.
  • Alexander Financial Solutions
  • 181 South St, Unit B2, Freehold, NJ, 07728
  • AFS provides professional financial services for small and mid-size businesses throughout the US by advising, educating and introducing accounts receivable, small business loans and many other financing programs . Our team of talented business growth experts are here to help your business get the financial stability it needs
  • First Financial Federal Credit Union
  • 391 Route 9 North Freehold, Township, NJ, 07728
  • First Financial is a Community Credit Union serving anyone who lives, works, attends school or worships in Monmouth or Ocean Counties. Additionally, First Financial Federal Credit Union is a not-for-profit whose goal is to achieve your financial dreams by defining your dream goals and lifestyle, empowering you through financial education
  • RED OAK MORTGAGE INC
  • 54 Hudson Street, Suite 101, Freehold, NJ, 07728
  • Red Oak Mortgage has built a strong reputation as an outstanding mortgage lender, serving the lending needs of real estate professionals, builders and individual homeowners throughout the state of New Jersey, North Carolina, and South Carolina since 2005. Due to our high level of technology, streamlined process, speedy turn-times
  • Patriot Mortgage LLC
  • 77 W Main St., Freehold, NJ, 07728
  • Patriot Mortgage is committed to offering only the highest quality professional service to our mortgage clients, realtors and associates. We have built a reputation of offering honest, ethical and thorough service. We have built a strong reputation as an outstanding mortgage brokerage firm, serving the lending needs of real estate professionals,
  • Navesink River Capital
  • 83 South Street, Suite 101, Freehold, NJ, 07728
  • Navesink River Capital, LLC has been a guiding force within the private lending market, with over a billion dollars funded and 1,500 plus properties financed. Their unsurpassed knowledge of the real estate climate and simplified, streamline loan process has allowed them to remain at the forefront, offering lightning loans from $75,000 to $2 million
  • Rhinebeck Bank
  • 6414 Montgomery Street, Rhinebeck, NY, 12572
  • Rhinebeck Bank is a full service, locally focused bank headquartered in Poughkeepsie, NY. We offer a full range of personal checking, savings, money market and certificates of deposit as well as, home equity lines of credit and mortgages. For commercial customers we offer a broad variety of products and services for sole proprietors, partnerships.