FHA VS Conventional loan in Park-Forest, Cook County, Illinois
In the year 2025, the conventional loan limit for Park-Forest, located in the county of Cook, IL, is set at $647,200, whereas the FHA loan limit for a single-family home reaches $420,680. These limits are critical for potential homeowners planning to finance a property in this region and should be carefully considered during financial planning and decision-making processes.
Make use of the Lendersa® Conventional loan calculator to investigate and contrast today's best rates available for Conventional, FHA, and USDA loans. This calculator assists in identifying the income threshold, credit ratings, reserves, and documentation required to qualify for each loan type. With our advanced mortgage calculator, you've got the opportunity to evaluate Conforming Conventional loans alongside USDA, FHA, and VA options, helping you make an informed choice on the program that best suits your unique financial situation within IL.
Detailed Loan Limits and Downpayment Requirements for 2025 in Park-Forest, County of Cook, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$647,200
3%
USDA
$0
0%
FHA
$420,680
3.5%
This comprehensive comparison table applies to the following zip codes: 60466
Discover Conventional and FHA Loan Opportunities in Park-Forest, IL
The mission of Lendersa® is to ensure you obtain the best Conventional, USDA, or FHA loan options available swiftly and with minimal hassle. You are encouraged to select one from three possible starting points, each carefully designed to connect you with matching lenders and customized loan programs. This strategic selection facilitates an efficient matchmaking process between your financial needs and the services offered by top-rated lenders.
Lockport Schools Federal Credit Union, chartered in 1966, is a member-owned, not-for-profit organization whose objective is to meet the financial needs of our members through professional, courteous service with a personal touch. We take great pride in helping our members get the best value for their dollar.
Cornerstone is a credit union/financial cooperative that has been serving Western New York since 1957. We began as Unit No. 1 Federal Credit Union, serving the employees of Harrison Radiator Division of General Motors. Anyone who lives, works, worships, goes to school or volunteers in Niagara or Erie County can join our credit union.
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Our purpose is to make a positive impact on our customers, employees, and communities. We try to do this by actively practicing our values every single day. We also have a dedicated focus on building relationships with our customers. We want what\ u2019s best for YOU; you\ u2019re our #1 priority.
Eagle Bank is a full service financial institution offering a broad range of financial services to individuals and businesses. Whether you need security in your checking account, a place to save your money for a rainy day or assistance in purchasing a new car, boat or home, Eagle Bank can help with our full line of banking services.
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Our Credit Union was started on October 13, 1954 for the employees of the Clarence Central Schools.
