FHA VS Conventional loan programs in Evanston, Cook County, Illinois

For the year 2025, the Conventional loan limit in Evanston, within the county of Cook, IL, is set at $726,200, whereas the FHA limit for a single-family home is $472,030.

Utilize Lendersa's® Conventional loan calculator to weigh the best rates today between Conventional, FHA, and USDA loans. It will guide you in identifying the income, credit, reserves, and documentation necessary for qualification. With our advanced mortgage calculator, compare Conforming Conventional, USDA, FHA, and VA loans side by side to decide which program in IL is optimal for your financial situation.

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2025 Loan Limits and Down Payment Requirements in Evanston, County of Cook, IL

Type of Loan Loan Limit Required Down Payment
Conventional Conforming $726,200 3%
USDA $0 0%
FHA $472,030 3.5%

This comparison table pertains to the zip codes: 60202, 60201, 60204, 60208

Explore Conventional and FHA Loan Programs in Evanston, IL

The mission of Lendersa® is to facilitate you in securing the most suitable Conventional, USDA, or FHA loan without difficulties. Begin with any of these three avenues that match you with the appropriate lenders and loan programs.

Results of Lendersa's USDA loan requests


  • Farmers State Bank of Alto Pass
  • 55 North Elm, Alto Pass, IL, 62905
  • Farmers State Bank is a locally owned and operated Community Bank. Our full service locations are available in Harrisburg, Illinois, Marion, Illinois and Alto Pass, Illinois. We are a FULL SERVICE COMMUNITY Bank. Expert Knowledge in Commercial Lending, Consumer Lending, Mortgage Lending, Agricultural Lending.
  • New Horizon Federal Credit Union
  • 180 Second Street SW, Barberton, OH, 44203
  • NEW HORIZON FEDERAL CREDIT UNION is a credit union located at 180 2nd St SW, Barberton, Ohio, United States. New Horizon FCU started as a credit union to help support the employees from Babcock and Wilcox. In 2013 New Horizon received it's community charter and now they can serve all of Summit County.
  • INTEGRITY FEDERAL CREDIT UNION
  • 971 Wooster Road West, Barberton, OH, 44203
  • Integrity Federal Credit Union has been open since 1935. The credit union has assets totaling $60.15 Million and provides banking services to more than 6, 000 members. The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
  • Sun Lending
  • 1030 Monarch St, Suite 330, Lexington, KY, 40513
  • Sun Lending USA can assist you by providing you with top-notch service, no matter what kind of KY mortgage loan you're looking for or what your individual circumstances are. Obtaining a mortgage loan is one of the most significant decisions you will ever make & it is important that you have an experienced advisor to help you every step of the way.
  • Metro Employees Credit Union
  • 1306 Versailles Road, Suite 140, Lexington, KY, 40504
  • MECU was established in 1940 by city employees looking for a way to earn higher rates on savings and lower rates for loans. Today, MECU has grown into a full service credit union. Membership in MECU is open to employees of the City of Lexington, employees of accepted outside agencies of the City of Lexington, employees of the Credit Union.
  • Greater Kentucky Credit Union
  • 1001 Red Mile Rd, Lexington, KY, 40504
  • Since 1953, Greater Kentucky Credit Union has made being with a Credit Union easy and rewarding. While some credit unions have niche membership eligibility requirements, Greater Kentucky membership is open to anyone who lives, works, worships or attends school in any of the 24 counties in Kentucky or to any relative of an existing member.
  • Acme Federal Credit Union
  • 34799 Curtis Boulevard, Suite B, Eastlake, OH, 44095
  • ACME FCU has been providing financial services to its members since 1939. We are dedicated in meeting our member’s financial needs through cost efficient services, quality personal assistance and competitive savings and loan rates. We are a member-owned financial cooperative dedicated to members’ evolving needs.
  • Encore-Funding
  • 30100 Chagrin Boulevard, Suite 380, Cleveland, OH, 44124
  • Encore Funding is a private lending firm that offers alternative sources of capital to small and mid-size businesses. We invest in growth-oriented entrepreneurs who may not meet the strict requirements of conventional lending. Our team is backed with extensive experience in investment management, business development, risk assessment.