FHA VS Conventional loan programs in 2025 for Oak-Park, Cook County, Illinois

For 2025, the maximum Conventional loan allowed in Oak-Park, located in Cook county, IL, is $647,200. Concurrently, the FHA maximum for a single-family residence is $420,680.

Utilize Lendersa®'s Conventional loan calculator to contrast today's top rates across Conventional, FHA, and USDA loans. Determine income, credit, reserve necessities, and required documents for eligibility. With our cutting-edge mortgage calculator, you can view Conforming Conventional, USDA, FHA, and VA loans side by side—assisting in selecting the most suitable program for your financial situation in IL.

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Loan limits and down payment requirements for 2025 in Oak-Park, Cook, IL

Loan Type Loan Limit Down Payment
Conventional Conforming $647,200 3%
USDA $0 0%
FHA $420,680 3.5%

This comparison applies to zip codes: 60301, 60302, 60304, 60303

Explore Conventional and FHA loan options in Oak-Park, IL

The aim of Lendersa® is to facilitate a streamlined process for securing the best Conventional, USDA, or FHA loan rapidly and effortlessly. Choose from three initiation options leading to lender and loan program matches.

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