USDA Vs. FHA your options comparison in New-Lenox, Will County, IL

In 2025, USDA loan limit in New-Lenox, county of Will, IL is $303,600 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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2025 loan limits and downpayment requirments in New-Lenox, county of Will, IL

Loan Type Loan Limit Down payment
USDA $303,600 0%
FHA $379,500 3.5%
Conventional Conforming $548,250 3%

USDA and FHA loan options in New-Lenox, 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.

Lendersa USDA loan request and matching results

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.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Spectra Mortgage
  • 7175 West Jefferson Avenue, Suite 1350, Denver, CO, 80235
  • The right mortgage allows you to build equity and, ultimately, to build wealth. A home mortgage is a financial investment in your future. You want a loan that satisfies both short and long-term financial goals by allowing you to buy a home today and accumulate wealth over time. We believe our clients deserve
  • The Colorado Mortgage Team
  • 7400 West Jefferson Ave, Suite 101, Denver, CO, 80235
  • We are a mortgage company comprised of the best of the best mortgage originators that are held to the highest standards of integrity and ethics. Our goal is to educate borrowers on the biggest investments of their lives regardless of loan amount or credit scores. Closing dates are in ink
  • LendEx Mortgage Group
  • 7114 W. Jefferson Ave, Suite 212, Lakewood, CO, 80235
  • "LendEx Mortgage Group is a great family of loan originators that are dedicated to making your goal a reality. Whether you wish to own your own home or you are looking to refinance your existing mortgage, we work for you to make it happen. Give us a call. Talk to any one of our personable professionals."
  • Colorado First Time Home Owner Grants
  • 7175 W. Jefferson Ave, Suite 4700, Denver, CO, 80235
  • Colorado First Time Home Owner Grants we work with people to help them accomplish the American dream of owning a home. We understand that it can be difficult to save the down payment needed to purchase a house so we work with programs to aid in obtaining a grant towards the costs associated with purchasing a house.
  • 113 Credit Union
  • 3505 North Chestnut Street, Colorado Springs, CO, 80907
  • One Thirteen Credit Union was founded in 1958 by members of IBEW Local 113. In the beginning, the Credit Union was open to Union Electricians in the Colorado Springs area only. Later the membership was opened to members and their families of Colorado Building and Construction Trade Council and the Colorado Springs Labor Council.
  • Colorado Mortgage Group Inc
  • 1490 Garden of the Gods Road, Suite A, Colorado Springs, CO, 80907
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
  • The Mortgage Cowboy LLC
  • 4419 Centennial Blvd, Suite 260, Colorado Springs, CO, 80907
  • The Mortgage Cowboy is a full service mortgage shop offering VA, FHA, USDA, Conventional loans. 25 years of experience in the lending industry. We know that each customer has specific needs, so we strive to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service.
  • Houston Metropolitan Federal Credit Union
  • 608 East Tidwell Road, Houston, TX, 77022
  • Since 1945, Houston Metropolitan Federal Credit Union has provided the finest in financial services to the present, former, and retired employees of our sponsor companies. Once you join the Credit Union your immediate family is eligible to join the Credit Union. Our policy is “Once a Member Always a Member” even if you change jobs
  • View Mortgage, LLC
  • 555 Middle Creek Pkwy, Suite 500, Colorado Springs, CO, 80921
  • View Mortgage delivers a smarter, faster, and all-around better home financing experience through fine-tuned processes and expert support. As the preferred lender for View Homes, helping our clients reach their home ownership goals is our number one priority and Licensed in Texas, Colorado, Florida, South Dakota, and New Mexico.
  • Bear Creek Mortgage Corp
  • 13570 Northgate Estates, Suite 200, Colorado Springs, CO, 80921
  • Bear Creek Mortgage Corp. 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