USDA Vs. FHA Pro and Con 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 .
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.
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.
Alliance Community Bank is a $325 million financial institution operating four full service bank locations in Menard and Sangamon Counties. Trust services as well as the non-insured ACB Wealth Management division compliment the full array of traditional FDIC insured banking products offered through the bank.
First National Bank at Darlington has been proudly serving the banking needs of Lafayette County residents since 1934. Our professional staff is committed to providing you with the most up to date financial services. As a locally owned bank, with convenient locations in Darlington & Gratiot, our commitment to our customers is second to none.
Gas & Electric Credit Union proudly serves employees and retirees of MidAmerican Energy, the City of Rock Island, BITCO Insurance, Illinois Casualty Company, Rock Island Corps of Engineers, Friendship Manor, Rock Island Milan School District, Downtown Rock Island District Businesses and many other local, small businesses
Membership in the Davenport Police Department Credit Union is open to Public Safety Employees - law enforcement, fire, medic, corrections, courts - living or working in Scott County, Iowa, and City of Davenport employees. Family members including parents and grandparents, children and grandchildren, and brothers and sisters, and all their spouses.
Locally owned and operated, Bristol Morgan Bank has met the needs of Fond du Lac County and the surrounding areas for over 120 years. We care deeply about the communities we serve and the people in them. Because, well, these are our communities too. We live, work and play here just like you do.
At Kohler Credit Union we are dedicated to our member's financial well-being.
Our reason for doing business is pretty simple. We are here to serve our members. We work diligently to provide the most desired financial products and services in an economical manner. We understand that as a financial cooperative
Founded in 1897 in Archbold, Ohio, Farmers & Merchants State Bank has been a stable financial institution for our communities. F&M is committed to ensure that communuity banking continues to grow and prosper by providing quality customer service and supplying the financial needs to individuals, farmers, businesses and industries in our market.
Blackhawk Bank & Trust has been serving the banking needs of the Quad Cities community since 1961 when ground was broken on our first branch in Milan, Illinois. Today the Blackhawk Bank & Trust branch footprint extends through the counties of Rock Island, Mercer, and Henry in Illinois, and Scott in Iowa.
Fond du Lac Credit Union is committed to providing our members the best financial solutions possible. We strive to be the most responsive and value-providing financial institution for the communities we serve. Fond du Lac Credit Union is open for membership to anyone that lives or works in Fond du Lac or Dodge County.
