FHA VS Conventional loan programs in 2024 for Schaumburg, Cook County, Illinois

In 2024, Convetional loan limit in Schaumburg, county of Cook, IL is $726,200 while FHA limit is $472,030 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in IL is best for your particular financial situation.

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2024 loan limits and downpayment requirments 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%

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

Conventional and FHA loan options in Schaumburg, IL

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • DIRECTIONS HOME LOAN
  • 2915 W Bitters Rd, Suite 102, San Antonio, TX, 78248
  • Directions Home Loan is a service driven mortgage company Our scope of expertise extends far beyond the average Conventional, FHA, VA, Jumbo, or USDA loan. We specialize in a multitude of federal and state-specific programs as well as Renovation Loans, One-Time Close Construction Loans.
  • Team Heard
  • 2915 W Bitters Road, Suite 102, San Antonio, TX, 78248
  • We are Senior Loan Officers with over 45 years of combined service. We are confident that we can offer the services and competitive rates you need. During our years of experience in the mortgage banking industry, we have personally assisted thousands of families with responsible and affordable home financing.
  • Gold Financial Services
  • 2822 N Loop 1604 W Ste. 101, San Antonio, TX, 78248
  • Gold Financial Services, Inc. is a division of Amcap Mortgage, Ltd. NMLS# 129122 and we provide residential mortgage solutions to a broad range of clients and customers. Our services include Conventional Mortgages, Jumbo and Non-conforming loans, VA and FHA loans, as well as a host of refinancing options.
  • MTCU
  • 1505 N Midland Drive, Midland, TX, 79703
  • At MTCU, our mission statement guides every action we take and decision we make. We believe in the power of defining our purpose. We've always been dedicated to our members, whether they live in Midland, Texas, or other communities, and our mission statement serves as a daily reminder that they are our priority.
  • Expedient Mortgage
  • 15900 La Cantera, Suite 26235, San Antonio, TX, 78256
  • Expedient Mortgage is the trusted, local APM division that caters to the specific needs of your community. Like APM, Expedient Mortgage’s mission is to create experiences that matter while serving your home financing needs.Whether you are buying your first home, a new investment property or building your dream home.
  • La Cantera Loans
  • 15900 La Cantera Parkway, Suite 26225, San Antonio, TX, 78256
  • "Our experienced loan officers will find the best mortgage options and loan programs tailored to your needs. Our bilingual staff will answer any questions you have before, during and after the home buying process to keep you informed every step of the way. Located in San Antonio, Texas, The La Cantera at Directions Home Loan team works"
  • Heritage USA Federal Credit Union
  • 5507 West Wadley Avenue, Midland, TX, 79707
  • Heritage USA Federal Credit Union (HUSA) began as Permian Telco Federal Credit Union in 1949 serving Southwestern Bell employees. During the next 53 years Permian Telco allowed Select Employer Groups (SEGs) into HUSA’s field of membership and eligible members had to work for one of the Select Employers to become a credit union member.
  • Smart Choice Mortgage
  • 3424 Paesanos Parkway, Suite 201B, San Antonio, TX, 78231
  • Smart Choice Mortgage is a full-service mortgage banking company committed to developing and nurturing relationships with REALTORS®, home builders and our customers. As a company, our Core Values define what we stand for and represent our commitment to each other and to our customers.
  • Generations Community Federal Credit Union
  • 9311 San Pedro Ave, San Antonio, TX, 78216
  • Generations FCU was founded in 1940, with each founding member depositing $10 to become a member-owner. This new financial cooperative allowed members to provide for their families, build savings, buy cars, and plan for a secure future – together. Previously named San Antonio City Employees Federal Credit Union