USDA Vs. FHA Pro and Con comparison in Lyons, Cook County, IL

In 2025, the USDA loan limit for Lyons in Cook county, IL, is $0, while the FHA limit for a single-family home is $472,030.

Utilize the Lendersa® USDA loan calculator to evaluate today's optimal USDA versus FHA rates, determining the income, credit, reserves, and documentation necessary to qualify. With our cutting-edge mortgage calculator, you can simultaneously view USDA, FHA, Conforming, and VA loans to decide which program best suits your financial needs in .

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2025 Loan Limits and Downpayment Requirements in Lyons, Cook, IL

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Discover USDA and FHA Loan Options in Lyons, IL

The mission of Lendersa® is to secure the best USDA or FHA loan for you swiftly and without hassle. Choose from three starting options to connect with compatible lenders and USDA loan offerings.

  1. Begin with a comprehensive USDA/FHA loan optimization request
  2. Examine USDA and FHA rates & terms initially
  3. Explore the extensive database of USDA loan lenders
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What is a USDA Loan in IL?

A USDA home loan is government-backed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, and is primarily available in rural areas. Unlike FHA loans, which necessitate a minimum 3.5% down payment, USDA mortgage loans require no down payment, making them more accessible to qualified borrowers.

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  • Indiana Lakes FCU is a credit union in Warsaw, IN providing auto loans, home equity loans, personal loans, checking, savings, cd’s, deposits, home banking, bill pay & other financial services for anyone who lives, works or attends school in Warsaw & Kosciusko County, Indiana. With over 40 years of helping our community with their financial needs

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  • 202 East Center Street, Warsaw, IN, 46581
  • Lake City Bank, people are our foundation. It begins with our strong bank culture filled with a spirit of entrepreneurialism. This foundation extends out to the high touch approach we take with our customers and the over 500 community causes we support. It’s this dedication to our foundation that has made Lake City Bank the largest bank 100% invest

  • Glacier Hills Credit Union
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  • We were founded in 1934 by employees of West Bend Aluminum Company to provide affordable access to financial services for employees. Much has changed in the financial arena since 1934, but the mission remains the same - People helping people to improve the financial well-being of each member.

  • Avestar Credit Union
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  • Avestar Credit Union is committed to providing its members sound and dependable financial service. We will provide loans to the community in a prudent and sound manner in accordance with our written policy. Our members will receive a fair and competitive return on their investments while we maintain the financial stability of the credit union.

  • Citizens State Bank of Lena
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  • At Citizens State Bank, we are committed to being your full service, independent, locally-owned community bank. Our customers rely on our expertise, professional staff and diverse products and services, many of which can be customized to suit your specific needs. All business decisions are made locally by people who live and work where you do.

  • Heartland Bank and Trust Company
  • 401 N. Hershey Road, Bloomington, IL, 61702
  • Heartland Bank We're a community bank whose roots are right here in the heartland with the Drake family. The Drakes, who came to Central Illinois in 1852, have been in banking since 1920. With the third generation of the family taking an active role in the banking business, we continue this tradition.Fast, efficient service is important.

  • The Mortgage House Inc
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  • Advantage One Credit Union
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  • Advantage One Credit Union has been open since 1998. The credit union has assets totaling $25.38 Million and provides banking services to more than 3,000 members The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members.

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  • Bloomington Municipal Credit Union
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  • First State Bank of Bloomington
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  • Established in 1940, Mid-Illini Credit Union evolved from a handful of employee credit unions that joined together to provide top-rate financial services to thousands of local residents. We’re now over 7, 000 members strong and growing… MICU is a not-for-profit, member-owned financial cooperative, not a corporation
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