USDA and FHA Pro and Con in Marengo, McHenry County, IL
In 2025, the USDA loan cap for Marengo, located in the county of McHenry, IL, is set at $336,500, whereas a single-family home under FHA guidelines has a limit of $472,030.
Utilize the Lendersa® USDA loan calculator to contrast today's best USDA and FHA rates, and understand the income, credit, reserves, and documents necessary for qualification. Our state-of-the-art mortgage calculator allows you to view USDA, FHA, Conforming, and VA options side by side, aiding you in choosing the best program in for your financial situation.
2025 Loan Limits and Down Payment Requirements in Marengo, McHenry County, IL
Type of Loan
Loan Cap
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Opportunities in Marengo, IL
At Lendersa®, our ambition is to streamline your process of securing an optimal USDA or FHA loan efficiently and effortlessly. Choose from one of three starting options that align you with suitable lenders offering USDA loan programs.
A USDA home loan, endorsed by the U.S. Department of Agriculture, is sometimes called a USDA rural development loan or mortgage and is exclusively available in rural areas. Unlike the FHA loans requiring a minimum down payment of 3.5%, a USDA mortgage requires no down payment at all.
Buying and selling a house is an emotional process. We understand that better than most, and our agents are here to be your trusted advisor and lifelong friend. We’re dedicated to the people of Kansas and Missouri and believe everyone should be able to find home. That’s why we do what we do.
10977 Granada Lane, Suite 225, Overland Park, KS, 66211
First Financial Mortgage Services can really save you money. You will provide information about your employment, assets, and residence history. With your permission, we will run your credit score and report. After we've finished reviewing the provided information, we'll provide a pre-qualification letter.
5440 W. 110th Street, Building 2, Suite 300, Overland Park, KS, 66211
ONE Advisory Partners is an SEC-registered investment advisor focused on making our clients’ lives better. We handle the heavy lifting of your financial life so you can focus on the things that matter the most to you. We saw a need for robust wealth advice for real people, so we apply the best practices we learned from helping large institutional.
6900 College Blvd, Suite 740, Overland Park, KS, 66211
Community Lending of America focuses on local referral based relationships. Each client receives personal service unlike any competitor in the region. The decision of mortgage financing should depend on personal goals and current market conditions, this is not the same for all borrower's.
USPLK Employees Federal Credit Union Although our services are similar to a bank, our philosophy is quite different. As a member-owned, non-profit financial institution, our credit union is run strictly for the benefit of our members. We strive to provide members with higher yields on savings and lower rates on loans.
Frontier Community Credit Union is a full-service, not-for-profit cooperative. Our mission is to: 1) provide financial products and services in a professional, friendly and convenient atmosphere through innovation, technology, and cost-effective products; 2) encourage and educate our members in methods to manage
Citizens FSB has a very a rich heritage! As you will see it is the foundation of what we believe to be the strongest regional financial institution in the country.Citizens FSB is a Commercial Real Estate lender & a Preferred Home Loan provider and is a preferred home loan provider with emphasis on competitive interest rates & low closing costs.
6801 W. 107th St, Suite 106, Overland Park, KS, 66212
Purchasing a home is an important step of your life, whether it’s your first home or fifth move. We understand it. That’s why we built a mortgage company that places you and your needs at the center of everything we do.
We specialize in a variety of mortgage services aimed at helping to secure all of your property-financing needs.
6801 W 107th St, Suite 106, Overland Park, KS, 66212
Jim Casson focus on residential home loans for clients.We offer the ideal combination of flexibility & experience.Our commitment is to ensure our clients have the right loan, at the right time, for the right reason.Residential home loans for clients.We offer the ideal combination of flexibility & experience. Our commitment is to ensure our client.
12510 W 62nd Terrace, Suite 104, Shawnee, KS, 66216
KUMC Credit Union was established in 1954 and is chartered by the State of Kansas. Our Credit Union is a not-for-profit financial cooperative owned by its members. Credit Unions were founded on the idea that through a cooperative financial effort, individuals sharing common bonds could benefit.
Peoples Bank is a locally owned, full service community bank that serves Northwest Iowa and Southwest Minnesota. With offices in Rock Valley, Lester, Sioux Center, Akron, Sheldon, Hawarden, Hinton, Sioux City, IA, and Jasper, MN, we are equipped to serve our customers in their very own community.
