USDA Loan Vs. FHA loan pro & con for Lockport, Will County, IL

In 2025, USDA loan limit in Lockport, county of Will, IL is $336,500 while FHA limit is $472,030 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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USDA and FHA loan options in Lockport, 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.

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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.

(888) 842-6328 601 miles Lender's profile and map Reviews Navy Federal PO Box 3000, Merrifield, VA, 22119 Navy Federal Credit Union is the world's largest credit union with over 10 million members, over $149 billion in assets and over 32, 000 employees. As a credit union, we have members, not customers. At our campuses in Vienna, VA, Pensacola, FL and Winchester, VA, and in our more than 345 branches.
(607) 898-5871 601 miles Lender's profile and map Reviews The First National Bank of Groton 161 Main Street, Groton, NY, 13073 The First National Bank of Groton has been proudly serving the area communities for over 150 years. The Bank is customer driven. Its very existence is based on customers finding value in the products and services being offered. The Bank prides itself on offering a superior level of personalized customer service.
(703) 680-1143 602 miles Lender's profile and map Reviews PWC Employees Credit Union 12715 Ridgefield Village Drive, Suite 101, Woodbridge, VA, 22193 PWC Employees Credit Union is a member-owned, not-for-profit, financial cooperative dedicated to serving our members. The PWC Employees Credit Union is proud to have served Prince William County government employees and their families for more than forty years. The Credit Union was chartered in 1971.
(240) 463-1969 602 miles Lender's profile and map Reviews Metropolitan Funding Group LLC 502 Calvin Lane, Rockville, MD, 20851 Metropolitan Funding Group is a vertically integrated financial company, providing commercial consulting and lending services. We specialize in tough tax situations, complicated credit histories and income reporting, and multifaceted asset complexities. We work hard to find a solution to any financial obstacle.
(301) 215-7310 602 miles Lender's profile and map Reviews WH Mortgage 6500 Rock Spring Drive, Suite 204, Bethesda, MD, 20817 Washington Home Mortgage is an independent mortgage broker company, long-established and highly-respected throughout the D.C./Maryland community for over 20 years. We work with a wide variety of lenders, allowing us to obtain the best possible rates and finanical outcomes for our clients.
(443) 528-9699 602 miles Lender's profile and map Reviews Infinity Capital Finance 10411 Motor City Dr, 7th Floor, Bethesda, MD, 20817 "Infinity Capital Finance is a direct private money lender that provides financing through loans secured by non-owner occupied residential real estate. With more than 30 years of combined experience, the partners of Infinity Capital Finance have organized operations around sound business practices, integrity, efficiency,"
(605) 426-6031 602 miles Lender's profile and map Reviews Ipswich State Bank 301 First Avenue, Ipswich, SD, 57451 The Ipswich State Bank is a locally-owned bank located in Ipswich, SD that has been serving the community since 1938. At the Ipswich State Bank our customers have been, and always will be our first priority. We do everything that we can to make all of their banking needs as accessible and easy as possible.
(864) 941-8900 602 miles Lender's profile and map Reviews Neighbors United FCU 218 Birchtree Drive, Greenwood, SC, 29649 Our mission is to offer superb and secure services to our members while assisting in achieving personal financial success. We strive to accomplish the credit union philosophy of “People Helping People” and to provide superior service resulting in member satisfaction. Our vision is to be our member’s financial institution.
(770) 786-7088 602 miles Lender's profile and map Reviews Newton Federal Bank 3175 Highway 278, Covington, GA, 30014 At Newton Federal Bank, we strongly believe that a community bank should provide the resources and transparency needed for any person to prosper. Whether it's the guidance and funding they need to start a new business, a business checking account tailored to the way your company operates, or crash-courses in personal finance.
(800) 503-6855 602 miles Lender's profile and map Reviews Credit Union Financial Services 1123 Elm St. NE, Covington, GA, 30014 CUFS was established in 1993 and is currently owned by four Georgia Credit Unions. The Credit Unions created CUFS to provide mortgages for members seeking affordable lending solutions and trustworthy, expert advice. They wanted a mortgage company that had their members best interest in mind
3018007343 602 miles Lender's profile and map Reviews REID Lending Partners 11810 Grand Park Avenue,, North Bethesda, MD, 20852 REID Lending Partners is one of the Mid-Atlantic's premier private mortgage lender and Investment management firm providing small balance commercial loan solutions to real estate investors and property owners, all while generating competitive returns for its partners and investors.