Explore the differences! FHA VS Conventional loan programs in Elk-Grove-Village, Cook County, Illinois
For the year 2026, in Elk-Grove-Village, located in Cook county, IL, the Conventional loan limit is $647,200, while the FHA limit is set at $420,680 for single-family homes.
Use the Lendersa® Conventional loan calculator to check and compare today's rates for Conventional, FHA, and USDA loans. It helps you find out what income, credit score, reserves, and documents are essential for qualification. Our advanced mortgage calculator lets you view Conforming Conventional, USDA, FHA, and VA loans side by side, aiding in choosing the best program available in IL based on your financial situation.
2026 Limits and Downpayment Requirements in Elk-Grove-Village, Cook, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$647,200
3%
USDA
$0
0%
FHA
$420,680
3.5%
The comparison table applies to the zip codes: 60007
Choices for Conventional and FHA Loans in Elk-Grove-Village, IL
Lendersa® aims to secure the best Conventional, USDA, or FHA loans quickly and easily. Choose from one of three starting options to find matching lenders and loan programs.
At First American Bank, we're small enough to provide the personal attention that makes you comfortable coming to us for a multi-thousand-dollar auto loan. As the largest privately held bank in Illinois, we're big enough that you can also get multi-million-dollar financing if your company exports auto parts – or anything else.
836 S Arlington Heights Rd, Suite 182, Elk Grove Village, IL, 60007
Lends in Illinois
Z Reverse Mortgage is a free informational resource for seniors and their families on the reverse mortgage process. We provide senior citizens with all the necessary information and assistance in order to identify the right loan programs, determine property value, and begin the process.
Itasca Bank & Trust Co. would like the opportunity to earn your business. Our bankers take the time to get to know you, your objectives, and your strategic plan. We'll work with you to help uncover financing options available for managing your business and create a banking package tailored to your business needs.
1311 S Princeton Ave, Arlington Heights, IL, 60005
Lends in Illinois
The Mortgage Store Co., where we specialize in residential mortgages. At The Mortgage Store Co., we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly.
2340 S. Arlington Heights Rd, Suite 440, Arlington Heights, IL, 60005
Lends in Illinois
"Established in 2003 as a partner company to Town & Country Realty. We originally started at the location in downtown Arlington Heights and in 2013 moved our office location to the corner of Arlington Heights Rd. and Algonquin. Town & Country Mortgage Services, Inc. provides the best combination of interest rates and closing costs,"
Schaumburg Bank & Trust Company, National Association
1180 E Higgins Rd, Schaumburg, IL, 60173
Lends in Illinois
Schaumburg Bank & Trust offers banking solutions tailored to our customers, their needs, and our unique community. No matter what your financial need, we can help. But, we also go above and beyond basic banking solutions. We host financial education courses, hold community events and throw neighborhood cookouts.
951 North Plum Grove Road, Suite E, Schaumburg, IL, 60173
Lends in Illinois
We are not just a typical mortgage lending company, that will have you start by working with the loan officer (or sales person) then be handed off to their assistant/processor, and later to their closer, only to explain your situation to multiple people. Our loan officer’s pride themselves with being involved in every step of the process with you.
We're a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending from purchasing to refinancing and to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan with the best interest rates.
1101 Perimeter Drive, Suite 460, Schaumburg, IL, 60173
Lends in Illinois
American Financial Mortgage Services, Inc. was founded in June, 1993. We have survived the economic recessions that have hit this country by providing our customers with low rates and low costs on all our mortgage products. The average loan officer at American Financial Mortgage Services.
