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

As of 2025, the USDA loan limit in Wadsworth, part of Lake county, IL, is $0, whereas the limit for FHA on a single-family home is $472,030.

Make use of the Lendersa® USDA loan calculator to compare today's USDA and FHA leading rates, and identify the income, credit, reserves, and documentation needed to qualify. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, aiding you in determining which program in fits your financial situation best.

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2025 Loan Limits and Down Payment Requirements in Wadsworth, 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 Wadsworth, IL

The goal of Lendersa® is to secure you the best USDA or FHA loan quickly and effortlessly. Choose one of three starting paths to find matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IL?

A USDA home loan, guaranteed by the Department of Agriculture and often referred to as a USDA rural development loan or USDA mortgage, is available only in rural areas. Unlike FHA loans that necessitate a minimum 3.5% down payment, USDA loans require no down payment.

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



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