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.
14074 Trade Center Drive, Suite 241, Fishers, IN, 46038
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
14074 Trade Center Drive, Suite 132, Fishers, IN, 46038
New Life Mortgage is locally-owned and operated company specializing in residential lending in the state of Indiana. At New Life Mortgage, you will find caring, seasoned professionals dedicated to making your home-financing experience a lifelong relationship and most especially, one that is both beneficial and gratifying.
When you're applying for mortgages in Fishers, IN, trust your personal information and financial details to the team members at CrownMark Mortgage. With more than 20 years of experience assisting our customers' needs for mortgages, we're dedicated to providing client satisfaction.
450 E. 96th Street, Suite 500, Indianapolis, IN, 46240
We provide small to medium sized business owners working capital throughout the USA. Indiana Local Biz was developed when Mike Wright, one of the founders of Foresight Marketing, was asked by a client to help with a short-term financing issue. Our Small Business Finance Team has over 25 years of experience in small business operation, financing.
450 E. 96th Street, Suite 500, Indianapolis, IN, 46240
Biz Fund Finder is affiliated with Foresight Business Funding, LLC. We access a network of over 5000 small business loan, lending partners, throughout the USA. This brings you fast and fair business funding. We also have over 150 Private Funding Sources for Real Estate Funding. Our Small Business Finance Team has over 30 years of experience.
8465 Keystone Crossing, Suite 145, Indianapolis, IN, 46240
Zach pride himself on giving his clients the best mortgage solutions and service available on the market today. Zach come from a family of mortgage lenders, thus it is in his blood. When Zach not helping clients, you can find his at a local networking event, golfing, or traveling.
3850 Priority Way S Dr, Suite 116, Indianapolis, IN, 46240
Jones Mortgage Group offers a variety of loan programs to meet your needs. Weather it is your 1st purchase or your last, or maybe you are looking to refinance your rate or use your home equity we can assist you. Since 1993, I’ve helped people achieve their homeowning dreams by answering their questions & guiding them through the home loan progress.
3850 Priority Way S Dr, Suite 116, Indianapolis, IN, 46240
We are a team of coworkers who only want the best for each other. Our mutual respect & caring attitude are reflected in our work & in how we treat our clients. Our guiding principle is to treat those we serve as we would want to be treated. Our team may be small but we are mighty. We understand that time is one of the most valuable things in life.
9465 Counselors Row, Suite 232, Indianapolis, IN, 46240
We started Mortgage Capital Funding LLC because we wanted to make refinancing or purchasing your home as easy as it should be. By leveraging the speed and efficiency of digital platforms, we make getting a loan faster, less expensive and less invasive, without sacrificing the personal service that helps put your concerns at ease. .
