USDA Loan Vs. FHA loan pro & con for Long-Lake, Lake County, IL

In 2025, USDA loan limit in Long-Lake, 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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USDA and FHA loan options in Long-Lake, 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.

(507) 744-2361 303 miles Lender's profile and map Reviews Frandsen Bank & Trust 116 Central St W, Lonsdale, MN, 55046 Frandsen Bank & Trust is a full-service community Bank with offices in Minnesota, North Dakota, and Wisconsin. Our complete selection of Banking products and services is delivered with superior customer service. We proudly offer business and personal Banking solutions along with wealth management trust* services.
(651) 739-8080 304 miles Lender's profile and map Reviews Novation Credit Union, 500 Imperial Avenue, Oakdale, MN, 55128 Novation is not like all of the other financial institutions who are open to serve anyone. We were chartered in 1954 by eight 3Mers for the purpose of providing attractive financial solutions to 3M employees, retirees, and their family members. This is still our mission and our success over the years proves it - we have grown to over $230 million
(651) 332-5200 304 miles Lender's profile and map Reviews Platinum Bank 7667 Tenth Street North, Oakdale, MN, 55128 We understand your challenges, because we, too, are a growth-oriented business. Our business-savvy professionals offer advice and insights that you will likely find unique to the business banking world. You know your business better than anyone, and Platinum Bank respects and appreciates this.
(651) 324-9613 304 miles Lender's profile and map Reviews Mayek Mortgage LLC 225 North 2nd Street, Stillwater, MN, 55128 MAYEK MORTGAGE LLC offers the LOWEST available rate and cost combinations. We can save you up to one full discount point or 1% LOWER in fees when compared to our competitors. In other words, if your loan is $200, 000 we would offer a loan equal to the competition with up to $2000 LESS in closing costs.
(419) 946-5066 304 miles Lender's profile and map Reviews Morrow County Federal Credit Union 800 W Marion Road, Mount Gilead, OH, 43338 The Morrow County Federal Credit Union was opened over 40 years ago and is community-owned. Any Person living, working, or worshipping in the credit union’s geographic area can become a member and access banking services. Membership is also open to immediate family of current members.
(812) 492-8104 304 miles Lender's profile and map Reviews First Federal Savings Bank IN 5001 Davis Lant Drive, Evansville, IN, 47715 Our Mission at First Federal is to provide escalating shareholder value through ever-increasing profitability & quality growth by building loyal, profitable customer relationships with individuals and businesses in the tri-state area. These relationships will be built by effectively marketing our financial products and services and delivering them.
(812) 424-2621 304 miles Lender's profile and map Reviews Evansville Federal Credit Union 6209 Vogel Road, Evansville, IN, 47715 EFCU has been offering superior financial services with a member-oriented focus. We are different from other financial institutions because we are a not-for-profit cooperative. We’re owned by and work for our members. Instead of maximizing profits for shareholders, we pass them on to our members in the form of high-yielding accounts
(812) 842-2265 304 miles Lender's profile and map Reviews Peoples Trust & Savings Bank 2201 N. Green River Rd, Evansville, IN, 47715 Peoples Trust and Savings Bank is the hometown bank with longstanding ties to the community, big enough to provide the resources and banking services our customers need and want, yet small enough to care about each customer. We're a "Main Street" bank, not a Wall Street financial institution, so we provide personalized customer service.
(812) 477-9271 304 miles Lender's profile and map Reviews Evansville Teachers Federal Credit Union 4401 Theater Drive, Evansville, IN, 47715 Evansville, like the rest of the country, was beginning to recover from the depths of the Depression in the mid-1930s when several teachers decided to pool their savings to generate much-needed loans for their fellow workers and themselves in 1936. The first employee groups to be served by Evansville Teachers Federal Credit Union
(812) 477-8000 304 miles Lender's profile and map Reviews Mortgage Masters of Indiana 501 N. Cross Pointe Blvd, Evansville, IN, 47715 Mortgage Masters of Indiana, Inc. is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools.
(812) 730-4112 304 miles Lender's profile and map Reviews Acceptance Home Mortgage, LLC 101 Plaza East Blvd, Suite 232, Evansville, IN, 47715 Acceptance Home Mortgage, LLC, has built an excellent reputation serving the lending needs of individual home buyers, builders and real estate professionals throughout Indiana and Kentucky.We have over 150 years combined experience lending on the American dream, as well as being licensed in multiple states.