USDA and FHA Pro and Con in North-Barrington, Lake County, IL

In 2025, the USDA loan limit for North-Barrington, in Lake, IL, is $0, while the FHA limit for a single-family home is $379,500.

Leverage the Lendersa® USDA loan calculator to compare today's top USDA and FHA rates, determining the essential Income, credit score, reserves, and documentation required. Our advanced mortgage tool allows you to view USDA, FHA, Conforming, and VA programs side by side, aiding in selecting the best option for your financial needs in .

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2025 Loan Limits and Downpayment Requirements in North-Barrington, Lake County, IL

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

Available USDA and FHA Loan Options in North-Barrington, IL

Lendersa® seeks to offer you the finest USDA or FHA loans swiftly and hassle-free. Choose one of three approaches to connect with lenders and explore USDA loan programs.

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What is a USDA Loan in IL?

The USDA home loan, guaranteed by the Department of Agriculture and also known as a USDA rural development loan, is solely available in rural areas. Unlike FHA loans needing a 3.5% down payment, USDA loans require none.

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



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