USDA Vs. FHA Pro and Con comparison in Waukegan, Lake County, IL
As of 2025, 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 2025 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.
1819 Williamsbridge Road, Suite LB, Bronx, NY, 10461
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing a mortgage or cashing out your home equity. We will help you qualify, apply and be approved for the right mortgage loan for you.
We are committed to offering only the highest quality professional service to our mortgage customers, realtors and associates. We’ll help you navigate the mortgage loan process, answering your questions and offering our advice along the way. Our customers are always treated with the utmost respect, courtesy and professionalism.
The Loan Tree specialize in FHA 203K & Fannie Mae HomeStyle Rehabilitation Mortgages that allow for the purchase or refinance of your home while providing additional funds for rehab/improvements We also offer Low/No closing cost Conventional mortgages as well as FHA & VA mortgages at low fixed rates
Advisors Mortgage Group, LLC was founded in October 1999 by a single loan officer in a 400 square foot office in Shrewsbury, New Jersey. In the years since its formation, AMG has grown to serve not only the greater New Jersey area, but also a vast portion of the United States. With branch offices up and down the East Coast
79-21 Metropolitan Avenue, Middle Village, NY, 11379
Cross County Savings Bank is a local, FDIC-insured mutual savings bank that was originally founded in 1888 as Bushwick Savings & Loan Association of New York. Since such time, we have gone through various name changes, but our mission has remained the same… to make a difference in the lives of our local customers.
399 Knollwood Road, Suite 320, White Plains, NY, 10603
Quintessential Mortgage Group,we believe in treating customers the way we would like to be treated. We educate, advise, & empower you with mortgage planning tools to help you make informed decisions.We know you need a lot of information before you decide which mortgage broker is right for you, & we’re prepared to give you the information you need.
Faze One Funding, LLC is a Mortgage Broker offering automated tools, cutting-edge technology, and excellent customer service for originating forward and reverse loans. Faze One offers great rates and superb customer service. Faze One believes that You’re Always #1. We offer borrowers a wide variety of mortgage programs.
700 WHITE PLAINS ROAD, SUITE 334, Scarsdale, NY, 10583
Cityscape Mortgage Corp. we understand that whether you are buying a home, refinancing your current mortgage, or pursuing a reverse mortgage you are entrusting us with your most significant financial decisions. Our mission is to make this process as effortless as possible for our clients, by providing the expert guidance they need.
