USDA Vs. FHA Pro and Con comparison in Schererville, Lake County, IN
For the year 2026, 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 .
2026 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.
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.
Established in 1937 by 8 steelworkers, Advance Financial was started and guided by the credit union philosophy and principle of “People Helping People.” Continuing in that tradition today, Advance Financial is committed to providing the utmost quality in member service and exceeding expectations.
Adventas Mortgage, in Schererville, IN, is the area’s leading mortgage specialist serving Jasper, Lake, Porter and the surrounding counties since 2000. We specialize in mortgage purchases and refinancing, home, auto and life insurance, and more. For all your mortgage needs, contact Adventas Mortgage in Schererville.
American Community Bank of Indiana is a local bank serving the NWI area, exclusively, for over a century! We are a true community bank that is proud to remain a faithfully local institution dedicated to being your financial partner throughout life. The bank offers a full array of personal and business banking solutions.
7550 Hohman Avenue, Building Center, Munster, IN, 46321
Lends in Indiana
Great Horizons Federal Credit Union is located in Munster, IN, United States and is part of the Depository Credit Intermediation Industry. If you are interested in joining Great Horizons FCU - Members of their immediate families. Spouses of persons who died while in the field of memberships of this credit union.
For over 100 years, Peoples Bank has maintained a philosophy of commitment to the customer, a belief that has allowed Peoples Bank to thrive and continue to serve the people of Northwest Indiana. It’s the same philosophy that drives Peoples now as it did in 1910 when the Bank first opened for business.
6111 Harrison St .3rd Floor, Merrillville, IN, 46410
Lends in Indiana
We at Boda Finance believe there is no deal that is too big to fund. From refinancing, to construction, and blanket loans, we focus on financing quickly and without hassle. If you are in need of a lending partner, look no further than Boda Finance LLC! We get you funded regardless of the market conditions!
ProFinance Federal Credit Union is a locally owned, nonprofit, community-focused credit union for the cities and towns of Merrillville, Gary, New Chicago,Portage, Hobart, Lake Station, and South Haven. Established in 1938, our financial institution has been proud to offer our members a complete array of financial services including debit
Northern Indiana FCU offers honest service, incredibly competitive rates and flexible terms on a variety of loans to fit your budget and lifestyle. If you have an existing loan with another lender, talk to us about refinancing. We may be able to help you reduce or lower your monthly payments
Originally established as Northern Indiana Public Service Employees’ Federal Credit Union on August 27, 1935 we offered membership to a group of employees who worked for NIPSCO. In November 2006, we changed our name to Members Source Credit Union and expanded our membership. We now have more than 6,200 members
