FHA VS Conventional loan in Schaumburg, Cook County, Illinois

In the year 2025, the Conventional loan limit for Schaumburg, in the county of Cook, IL, is $726,200. Meanwhile, the FHA limit for a single-family home stands at $472,030.

Utilize the Lendersa® Conventional loan calculator for an effective comparison of today's top Conventional, FHA, and USDA rates. Identify key elements such as required income, credit, reserves, and documentation for qualifying. Our advanced mortgage calculator places Conforming Conventional loans alongside USDA, FHA, and VA, helping you to discern which program in IL best fits your financial requirements.

Explore loan deals from a range of 100 lenders

2025 Loan Limits & Down Payment Needs in Schaumburg, County of Cook, IL

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

Note: The above comparison table applies to these zip codes: 60193, 60195, 60194, 60173, 60168, 60196

Options for Conventional and FHA Loans in Schaumburg, IL

At Lendersa®, our mission is to swiftly and effortlessly connect you to the ideal Conventional, USDA, or FHA loan. Initiate your journey with any of three approaches that align you with appropriate lenders and loan programs.

Results of Lendersa loan request matching


  • Diamond Financial
  • 3400 Inland Empire Boulevard, Ontario, CA, 91764
  • Diamond Financial. We are a full service mortgage company based in Ontario, CA. We specialize in FHA Loans, Conv, VA, First Time Homebuyers in California. We service all of California. Whether you are buying a home or refinancing anywhere in California we can help your dreams of home ownership become a reality
  • Ainsworth Financial Mortgage Corporation
  • 3175-E Sedona Court, Ontario, CA, 91764
  • Ainsworth Financial Mortgage Corporation offers you various types of flexible loan programs with the best interest rates in the market. Our talented team of experts will not only assist you throughout the loan process but also provide different loan options for you to save money by choosing the best deals.
  • Griggs Mutual Realty & Management
  • 6080 Hamner Avenue, Suite 103, Eastvale, CA, 91752
  • At Griggs Mutual Realty & Management, the ultimate goal is to create lasting relationships with each and every client and to continue providing excellent service for many years to come. The Griggs Mutual Realty & Management Team is your premier mortgage company located in Eastvale, California.
  • Bay Port Financial Inc
  • 1071 E 16st, Suite C, Upland, CA, 91784
  • Bay Port Financial Inc Founder of the Tom Bass and his team made our mortgage process with buying our house a breeze. They were very knowledgeable and kept us very informed during the entire process. His responsiveness was a great help during the process and allowed us to close on time.
  • Mortgage Mart, Inc.
  • 10925 West Lake Joy Drive North East, Carnation, WA, 98014
  • We’re not your typical mortgage broker! We're user friendly and in it for the long haul. We have been serving our clients for the past 26 years — so we can work for you and what’s in your interest. Our team concept allows you to talk with any of our representatives — someonAe is always ready to help you.
  • Ryder Mortgage Group
  • 41690 Ivy Street, Suite B, Murrieta, CA, 92562
  • At Ryder Mortgage Group we pride ourselves on our knowledge, professionalism, personal service, and competitive rates. We offer a diverse and comprehensive line of loan products to fit all of your mortgage needs. Integrity is the cornerstone of our business, and we believe a mortgage is about building relationships.
  • Freedom Mortgage
  • 41185 Golden Gate Circle, Suite 201, Murrieta, CA, 92562
  • Real Estate Finance is my Expertise. Mortgage Loans & Lending are my passion. I help clients on a Daily Basis obtain financing even if they have been told no in the past. I exhaust all avenues to obtain a Mortgage for my Clients. For Years I have put clients into homes that never thought it was possible with little or no $$ out of their pockets.
  • Larry Locke Pro-Funders Inc
  • 25096 Jefferson Avenue, Suite B-213, Murrieta, CA, 92562
  • Larry Locke, one of the best mortgage brokers in Murrieta, CA. I am completely committed to customer satisfaction. Larry Locke dedicated to giving his clients service that exceeds their expectations. Because of that dedication to excellence, nearly 100% of my clients are referrals from previous clients and real estate professionals.
  • PATRIOT PACIFIC FINANCIAL CORP
  • 38625 Calistoga Drive, Suite 200, Murrieta, CA, 92562
  • Patriot Pacific Financial Corp was 23 years in the making. Founder Charles Vamadeva, Broker and President, began in the mortgage industry in Oklahoma in the late 1990’s. Through years of learning proven ways to help more applicants become homeowners, Charles put together a Company that’s laser focused on Customer Service.