Explore the differences! FHA VS Conventional loan programs in Chicago, Cook County, Illinois
In 2026, the conventional loan limit in Chicago, within Cook county, IL, is $726,200, compared to the FHA limit of $472,030 for a single-family home.
Use the Lendersa® Conventional loan calculator to compare today's top rates for Conventional, FHA, and USDA loans, determining the necessary income, credit, reserves, and documents to qualify. This advanced calculator lays out Conforming Conventional, USDA, FHA, and VA loans side by side, helping you decide which lending program is best suited to your financial situation in IL.
Loan limits and down payment requirements for 2026 in Chicago, Cook, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$0
0%
FHA
$472,030
3.5%
This comparison applies to the zip codes: 60018
Conventional and FHA loan options available in Chicago, IL
Lendersa® aims to quickly provide you with the best available Conventional, USDA, or FHA loan, hassle-free. Choose from one of three starting options to find matching lenders and their loan offerings.
Wintrust, a financial holding company offering community and commercial Banking, wealth management, and mortgage services, has served Chicago’s communities since 1991. Wintrust was founded on the idea of being the alternative to the big Banks. We believe there is a need, and desire, for a true community Banking experience
2340 S. River Rd, Suite 120B, Des Plaines, IL, 60018
Lends in Illinois
Lendonia strives to provide its clientele with relevant information, honest advice, impeccable service and quality financial products in a professional and efficient manner. Ultimately we strive to provide absolute financial solutions. The Lendonia team helps first-time home buyers, homeowners looking to refinance their property.
2860 South River Road, Suite 400B, Des Plaines, IL, 60018
Lends in Illinois
PCF, we are a local Mortgage firm, and we pride ourselves in helping every family find the best program available for their home purchase or Refinance, many times with lower rates, up to .5% to .75% lower than other lenders, helping keep your mortgage payments low. and also Will work on getting your loan completed in an efficient manner.
9700 W. Higgins Road, Suite 300, Des Plaines, IL, 60018
Lends in Illinois
"Wintrust Mortgage, in business since 1981, was created for the purpose of assisting in the realization of the American dream of home ownership. Since that time, Wintrust Mortgage has weathered the ever-changing real estate market and is part of Wintrust Financial Corporation, a well capitalized,"
2800 S River Rd, Suite 200, Des Plaines, IL, 60018
Lends in Illinois
Ultimate Rate Mortgage we’re a local, mortgage lender whose cornerstones are hard work and customer service! We listen to our clients, uncover their needs and find the best product and programs that fits. With over 40 years of experience, our highly qualified team can expertly guide you through the process from application through closing
1410 Higgins Road, Suite 103, Park Ridge, IL, 60068
Lends in Illinois
At GRU Financial we provide various types of financing for individuals and businesses. Our expertise and partnerships with national lenders guarantee complete satisfaction of your financial needs. We will provide you with free credit and income analysis, and advise you how to prepare for the purchase.
Mariana Kotzeva Loan Specialist at MUTUAL FINANCIAL CORPORATION With 15 years of successful experience in position of increasing responsibility and duties. Top performer with track record of consistently meeting or exceeding sales goals and customer expectations. Skilled in educating customers on mortgage products
1030 W Higgins Rd, Suite 210, Park Ridge, IL, 60068
Lends in Illinois
"Great Lakes Home Mortgage, Inc. provides its customers with the variety of mortgage products as well as access to various lenders and investors that is necessary in this constantly changing business. Services: Whether it is no mortgage insurance programs, equity loans, fixed rates, adjustable rates, jumbo loans."
636 South Des Plaines River Road, Suite 300, Des Plaines, IL, 60016
Lends in Illinois
U.S. Financial is a family-run business specializing in financial consulting services for consumers and small business owners. We can help you pursue your financial goals. Our goal is to accommodate all of your financial needs under one roof. We have experts on staff and at your disposal.
