FHA VS Conventional loan programs in 2025 for 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.
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.
Five Star Financial LLC founder of the Joshua Nielsen-Mayer for over fifteen years, I have helped my clients in navigating the often overwhelming process of obtaining a mortgage for their home. As an expert in all aspects from Origination options and underwriting guidelines whether it is a Purchase or Refinance, FHA, VA, or Conventional.
At Bennett Mortgage Group, our mission is to serve our customers with honesty, integrity, and proficiency. Our goal is to provide home loans to our clients with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
North Point Financial Inc are buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
RP Mortgage, Ltd. offers Jumbo, Super Jumbo, Conventional, Home Equity Loans, Home Equity Lines of Credit, FHA, and VA financing. Our rates are some of the most competitive in Colorado. Whether you are looking to refinance or purchase your new home entrust RP Mortgage, Ltd. to handle this important financial decision
Beacon Lending Our #1 goal is to provide the best customer service you will ever receive from a mortgage broker. We have a high rate of return clients because we take time to understand our client's unique situation. Our experience allows us to fit them into a mortgage that works best for them.
Clear to Close Mortgage provides customized residential mortgages for purchasing or refinancing homes. We offer personalized mortgage services with our seasoned professional brokers taking care of each individual transaction. Our support staff has the expertise and systems in place to ensure a smooth transaction that you and your broker.
Our independence as a mortgage broker means we have the ability to offer rates, terms and flexibility other lenders can’t. Each client, each day, is a new opportunity to build our reputation and invest our years of expertise by guiding our customers through today’s challenging home financing decisions. Be it a purchase of a home.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible while helping borrowers overcome the frequent roadblocks that can arise while securing a loan
