USDA and FHA Pro and Con in Riverwoods, Lake County, IL

For 2025, the USDA loan limit in Riverwoods, within Lake county, IL, stands at $0. In contrast, the FHA limit for a single-family home is $472,030.

Utilize the Lendersa® USDA loan calculator to compare today's leading USDA and FHA rates, assessing the income, credit, reserves, and required documents to qualify. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, assisting you in selecting the most suitable program in for your financial goals.

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2025 Loan Limits and Down Payment Specifications in Riverwoods, Lake County, IL

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

Choosing USDA and FHA Loans in Riverwoods, IL

Lendersa® strives to find you the optimum USDA or FHA loan promptly and without hassle. Choose one of three starting approaches that connect you with matching lenders and suitable USDA loan options.

Lendersa USDA loan request and matching results

Understanding the USDA Loan in IL

The USDA home loan, guaranteed by the U.S. Department of Agriculture, also referred to as a USDA rural development loan or USDA mortgage, is restricted to rural areas. Unlike FHA loans that need at least a 3.5% down payment, USDA loans require no down payment.

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



  • Community Bank
  • 2111 North Franklin Dr, Suite 200, Washington, PA, 15301
  • For more than 119 years, Community Bank has been personally involved in our community. Business owners, nonprofit groups, government agencies, school administrators and individual personal account holders aren't just our customers; they're our friends and neighbors. By taking the time to get to know you,
  • Washington Area FCU
  • 75 Landings Drive, Washington, PA, 15301
  • In June of 1959, a group of school employees met to consider the formation of a credit union for their co-workers in the greater Washington, PA area. From this original group of 10, each contributing $5.25, the Washington Area Teachers Federal Credit Union was chartered. By the end of 1959 the credit union had grown to 52 active members.
  • Wabellco Federal Credit Union
  • 1277 Park Avenue, Washington, PA, 15301
  • Wabellco Federal Credit Union is a not-for-profit collective savings institution that began in 1955 and continues to this day. Our goal is to provide members with financial products and services to meet their needs, at reasonable rates. Remember, at a credit union, unlike other financial institutions, the members are the owners.
  • CHROME Federal Credit Union
  • 45 Griffith Avenue, Washington, PA, 15301
  • CHROME may look shiny and new, but we started in 1971 as the credit union for employees of Washington Steel Corporation. In 1991, we became Washington Community Federal Credit Union and expanded our membership to serve anyone that lived in Washington County. In 2014, we updated our name to CHROME to pay homage to our original members.
  • Corry Jamestown Credit Union
  • 637 North Center Street, Suite A, Corry, PA, 16407
  • Corry Jamestown Credit Union was State Chartered on February 14th, 1954. Our original sponsor was Corry Jamestown Manufacturing Corporation located in Corry, PA, but as of 2005, we became a Community Chartered credit union within the territory of the Corry Area School District Since we are State Chartered, we are regulated by the Pennsylvania.
  • Corry Federal Credit Union
  • 728 Worth Street, Corry, PA, 16407
  • The Corry FCU is a member-owned financial institution dedicated to serving the financial needs of our members and their families in a friendly and professional manner. Our commitment is to remain fiscally responsible: offering attractive rates for deposit accounts and loans while continually expanding our services for our member’s convenience.
  • HOLLAND MORTGAGE ADVISORS
  • 4640 Campbells Run Rd, Pittsburgh, PA, 15205
  • Holland Mortgage Advisors is a professional mortgage lending company, with over 150 years combined experience in the mortgage lending industry. We focus on conventional, government, new construction, investment/commercial, and portfolio lending, and partner with reputable local and national lending institutions to be able to offer our clients
  • Brainerd BN Credit Union
  • 804 Laurel Street, Suite 101, Brainerd, MN, 56401
  • Brainerd BN Credit Union was organized on November 25, 1940 as Brainerd NP Credit Union to serve the needs of the Northern Pacific Railway workers in central Minnesota. In 1970, after a merger changed the name of the local railway, Brainerd NP Credit Union changed its name to the name we use today, Brainerd BN Credit Union.