As of 2026, the USDA loan cap in Waukegan, within the county of Lake, IL, is set at $0, while the FHA ceiling for a single-family dwelling stands at $472,030.
By employing the Lendersa® USDA loan calculator, you can juxtapose today's prime USDA and FHA rates, and ascertain the necessary income, credit score, reserves, and documents to qualify. Our sophisticated mortgage calculator enables you to examine USDA, FHA, Conforming, and VA options side by side, making it easier to pinpoint which program in aligns best with your financial needs.
Explore 2026 loan limits and down payment criteria in Waukegan, Lake county, IL
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA borrowing choices in Waukegan, IL
The mission of Lendersa® is to swiftly and smoothly secure the most advantageous USDA or FHA loans for you. You can start with any of our three entry points to match you with lenders and USDA loan options.
The USDA home loan, ensured by the government and sometimes known as the USDA rural development loan, is accessible solely in rural locales. Contrary to FHA loans, which necessitate at least a 3.5% down payment, the USDA mortgage requires no down payment.
Great Lakes Credit union is banking for better. Founded in Lake County, Ill. in 1938, GLCU began with one goal in mind: Enable civil servants to create their ideal future by borrowing and saving at competitive rates.
At the time, no financial institution existed in the area, leaving local workers without an option to safely.
North Shore Trust and Savings’ focus since 1921 has been home ownership and wealth accumulation for our customers. We continually invest in training our team and updating technology to better serve our customers, and we give back to the communities that support us through civic service and financial literacy programs.
The De La Cerda Team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
NorthSide Community Bank, with over $250 million in assets, is the only community bank headquartered in Gurnee. The bank was chartered in 1997 and has 4 locations in the Chicago metropolitan area and Lake County. The bank was formed in 1996 by a professional group of business men and women to better respond to the market place.
Granted its charter in March 1990, ALEC first opened its doors to the employees of Abbott Laboratories in October of that same year. In our early years through 2001, ALEC Service Centers were located only at the AP30, AP6, AP22 and M1 locations. Since then, we've added four more service centers,
Consumers Credit Union (CCU), headquartered in Lake County, IL, has provided unparalleled financial services to Members since 1930. The credit union offers a complete menu of products and services, including checking, debit and credit cards, vehicle loans, consumer loans, savings, money market and certificates of deposit
