USDA Vs. FHA your options comparison in Lakewood, McHenry County, IL
In 2025, the USDA loan limit for Lakewood, located in McHenry county, IL, is $336,500. Meanwhile, the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best rates for USDA versus FHA, assessing the income, credit, reserves, and documents required to qualify. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA loans side by side, helping to decide which program suits your financial scenario best, especially in Alabama.
2025 Loan Limits and Downpayment Requirements in Lakewood, County of McHenry, 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 Lakewood, IL
The aim of Lendersa® is to secure the most suitable USDA or FHA loan for you swiftly and with ease. Choose one of three approaches to connect with lenders and access USDA loan programs that match your needs.
A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is backed by the Department of Agriculture and exclusively available in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, USDA loans have no down payment requirement.
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