USDA Vs. FHA your options comparison in Round-Lake, Lake County, IL

For 2025, the USDA loan limit in Round-Lake, within Lake county, IL, is $0, while the FHA limit for a single-family home is $379,500.

Utilize Lendersa®'s USDA loan calculator to compare the most favorable USDA and FHA rates for today. This tool helps determine required income, credit, reserves, and documents for qualification. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA loans side by side, assisting you in choosing the ideal program in for your financial needs.

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2025 Loan Limits and Downpayment Requirements in Round-Lake, Lake, IL

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

USDA and FHA Loan Options in Round-Lake, IL

The goal of Lendersa® is to provide you with the optimal USDA or FHA loan swiftly and seamlessly. Begin with any of the three paths to find matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IL?

The USDA home loan, backed by the government Department of Agriculture, also referred to as the USDA rural development loan or USDA mortgage, is available exclusively in rural areas. A USDA mortgage requires no down payment, unlike FHA loans that need a minimum of 3.5% down.

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



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