USDA and FHA Pro and Con in Lake-Zurich, Lake County, IL

In 2024, USDA loan limit in Lake-Zurich, 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.

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2024 loan limits and downpayment requirments in Lake-Zurich, 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-Zurich, 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?



  • Hopewell Chemical Federal Credit Union
  • 702 Elm Street, Hopewell, VA, 23860
  • Hopewell Chemical Federal Credit Union has been open since 1965. The credit union has assets totaling $49.69 Million and provides banking services to more than 3, 000 members as of March 2022. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups
  • Bison Federal Credit Union
  • 2 West Macarthur, Shawnee, OK, 74804
  • On February 15, 1951, a special group of people, inspired by Ralph Burnett, met in a room at Oklahoma Baptist University to establish a credit union. Those original incorporators were Charles V. Manes, Edward Hurt, Jr, Leroy Bond, C.V. Milliken, Clifford J. Smith and Ralph Burnett. On April 9, 1951, Bison Federal Credit Union opened its doors.
  • First National Bank and Trust Company
  • 130 E MacArthur, Shawnee, OK, 74804
  • Why is First National Bank & Trust Co. your bank for life? You never know where life is going to take you. That's why we know it's important to have a bank that will help you navigate the paths you choose for you and your family. With sound banking practices and a focus on getting to know you and your banking needs,
  • Integrity First Mortgage LLC
  • 9 Peddlers Row, Newark, DE, 19702
  • Integrity first Mortgage Company, our goal is to make it easy and affordable for borrowers to find solutions to their financial challenges. As a result, we make the process easy for you to get the loan you need. Above all, Integrity First Mortgage provides lending on a large variety of residential properties throughout
  • Highlands Mortgage, LLC
  • 56 W. Main Street, Suite 102-A, Newark, DE, 19702
  • Highlands Mortgage 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.
  • Franklin Mint Federal Credit Union
  • 5 Hillman Drive, Suite 100, Chadds Ford, PA, 19317
  • Franklin Mint Federal Credit Union has provided financial products and services to its members in the greater Philadelphia region and beyond since 1970. FMFCU presently ranks ninth in asset size among Pennsylvania credit unions and remains the largest financial institution headquartered in Delaware County, Pennsylvania. FMFCU has 100, 000 members
  • RH Cooper Ltd
  • 225 Wilmington West Chester Pike, Suite 200, Chadds Ford, PA, 19317
  • At R.H.Cooper Ltd., we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible.We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders
  • STATE FINANCIAL NETWORK
  • 5 Hillman Drive, Suite 300, Chadds Ford, PA, 19317
  • "State Financial Network (SFN) is a wholly owned Credit Union Service Organization (CUSO), offering a unique blend of credit union philosophy and mortgage lending and servicing expertise. SFN has a nationwide servicing portfolio and a staff trained to handle your members in a personal, professional and efficient manner – just as you would."