USDA Vs. FHA your options comparison in Schererville, Lake County, IN

For the year 2025, the USDA loan limit in Schererville within Lake county, IN, is set at $336,500, while the FHA limit for a single-family home stands at $472,030.

Take advantage of the Lendersa® USDA loan calculator to assess the leading USDA and FHA rates today and determine the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA loans to help you select the right program for your financial situation in .

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2025 Loan Limits and Downpayment Requirements in Schererville, Lake, IN

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Options in Schererville, IN

Lendersa® is dedicated to finding you the best USDA or FHA loan swiftly and without complication. Choose one of three starting pathways that lead to matching lenders and USDA loan programs.

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What Constitutes a USDA Loan in IN?

A USDA home loan, guaranteed by the Department of Agriculture, also referred to as a USDA rural development loan or mortgage, is specifically designed for rural neighborhoods. Unlike FHA loans that require at least a 3.5% down payment, USDA loans need no down payment.

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



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