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

In 2025, a USDA loan in Volo, located in Lake county, IL, is capped at $0. Meanwhile, the FHA limit for a single-family home sits at $472,030.

Use the Lendersa® USDA loan calculator to evaluate and compare today's best rates for USDA versus FHA options. Determine the income, credit, reserves, and documentation needed for qualification. Our advanced mortgage calculator provides side-by-side comparisons of USDA, FHA, Conforming, and VA loans to help you choose the best program in tailored to your financial situation.

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2025 Loan Limits and Down Payment Requirements in Volo, Lake County, IL

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

Options for USDA and FHA Loans in Volo, IL

Lendersa® is committed to finding you the best possible USDA or FHA loan swiftly and with minimal hassle. Choose from three starting pathways to connect with lenders that match USDA loan programs suited to your needs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IL?

A USDA home loan, also referred to as a USDA rural development loan or mortgage, is backed by the U.S. Department of Agriculture. Available exclusively in rural neighborhoods, these loans differ from FHA loans, which require a 3.5% minimum down payment, by requiring no down payment, offering significant benefits to eligible borrowers.

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



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