Explore the differences! FHA VS Conventional loan programs in Homewood, Cook County, Illinois

In the year 2025, the conventional loan limit in Homewood, located within Cook County, IL, is set at $726,200. Meanwhile, the FHA lending limit for a single-family home is $472,030.

Utilize the Lendersa® Conventional loan calculator to assess the competitive rates available today, comparing Conventional vs. FHA vs. USDA options. This tool aids in determining the necessary qualifications, such as income, credit score, reserves, and documents required. Our sophisticated mortgage calculator showcases Conforming Conventional loans alongside USDA, FHA, and VA loans, assisting you in selecting the best program in IL tailored to your financial needs.

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2025 Loan Limits and Down Payment Requirements in Homewood, Cook, IL

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

The details in this comparison table are applicable to the following zip codes: 60430

Explore Conventional and FHA Loan Options in Homewood, IL

Lendersa® is committed to helping you secure the most suitable Conventional, USDA, or FHA loan with speed and efficiency, free of complications. Choose one of three suggested approaches to access matching lenders and loan programs.

Review of USDA loan requests and results by Lendersa


  • Superior National Bank and Trust
  • 235 Quincy Street, Hancock, MI, 49930
  • Superior National Bank opened in 1890. Headquartered in Hancock Michigan, Superior National Bank serves clients in the Upper Peninsula and Southeast Michigan regions and employs over 250 people. Superior National Bank provides individual consumers, businesses, municipalities and corporations with a full range of banking services spanning lending.
  • Midwest Loan Services
  • 400 Quincy Street, 6th Floor, Hancock, MI, 49930
  • Mortgage loan subservicing is a highly demanding and regulated discipline – one that requires precise expertise for handling thousands of complex tasks. Today’s environment is not for the inexperienced, or those who are stuck in the status quo. That’s why lenders all over the country trust Midwest.
  • Erie Federal Credit Union
  • 3503 Peach Street, Erie, PA, 16508
  • Erie Federal Credit Union is not a bank, savings and loan, or brokerage house. We are a full-service, federally insured Credit Union serving members who live, work, worship or attend school in Erie or Crawford County, Pennsylvania. Since 1936, we have honored our mission to responsibly deliver a wide range of financial services to meet the needs
  • Motto Mortgage Heritage
  • 1900 Northwest South Outer Road, Suite 209, Blue Springs, MO, 64015
  • Whether you are buying, selling, refinancing, or remodeling, we have an extensive list of over 70 Lenders to fit your long and short-term needs. You will enjoy a comprehensive loan analysis and access to the lowest rates and fees on the market. KC Mortgage Duo guarantees the highest level of customer service, on-time closings,
  • The State Credit Union
  • 2200 Washington Street East, Charleston, WV, 25311
  • At The State Credit Union, our goal, quite simply, is to minimize your exposure to risk and the impact of any fraudulent activity on your accounts. To protect your account, The State Credit Union monitors debit card transactions for potentially fraudulent activity through a Fraud Detection Program called EnFact Premium Testing.
  • W V Air National Guard FCU
  • 1512 Coonskin Drive, Charleston, WV, 25311
  • West Virginia National Guard Federal Credit Union has been open since 1959. It's the 20th largest credit union in West Virginia with assets totaling $50.63 Million and providing banking services to more than 2, 000 members. The credit union is a not-for-profit, member-owned financial cooperative providing services to U.S. military members.
  • Veritas Federal Credit Union
  • 685 Ken Pilkerton Drive, Smyrna, TN, 37167
  • Veritas Federal Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973 to serve the employees of Nissan Motor Corporation and other employers.Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973.
  • Tendto Credit Union
  • 1129 State Street, Erie, PA, 16501
  • Tendto Credit Union is really the story of our members. Our “About Us” should be called “About You.” Because, as a cooperative, Tendto operates at the service of the people who bank with us. That’s why we call ourselves Tendto. Because we tend to see things differently. We tend to believe in the community we live in. And most importantly