FHA VS Conventional loan programs in Summit, Cook County, Illinois

As of 2025, in Summit, under the county of Cook, IL, the limit for Conventional loans stands at $726,200. However, for FHA loans, it is capped at $472,030 for a single-family residence.

Utilize the Lendersa® Conventional loan calculator to evaluate and contrast today's leading rates for Conventional, FHA, and USDA options. Determine necessary qualifications such as income, credit, reserves, and required documents. This tool provides a comprehensive view by comparing Conforming Conventional, USDA, FHA, and VA loans in IL so you can choose the ideal program for your situation.

Evaluate loan offers from over 100 lenders

2025 Loan limits and down payment requirements in Summit, Cook County, IL

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

This comparison table is applicable for zip codes: 60501

Options for Conventional and FHA loans in Summit, IL

The focus of Lendersa® is to secure the best available Conventional, USDA, or FHA loan without delay. Begin with any of the three paths to discover optimal lenders and loan programs.

Lendersa USDA loan request and matching results


  • Wazowski and Sullivan Inc
  • 935 Curtiss, Unit 8, Downers Grove, IL, 60515
  • Jan Mandel is the President at Wazowski and Sullivan company Not only will I help you navigate the sea of mortgage solutions out there, but I’ll personally fight to get you the best rate possible.Whether you're purchasing your first home, refinancing for a better rate, or anything in between. he will use the knowledge.
  • Neighborhood Loans, Inc.
  • 1333 Butterfield Rd, Suite 600, Downers Grove, IL, 60515
  • "Neighborhood Loans is an Illinois Residential Mortgage Licensee. NMLS# 222982 At Neighborhood Loans, we are passionate mortgage banking professionals with one goal in mind – make our clients, our priority. Neighborhood Loans was established in 2005 to help home buyers and homeowners with their financial needs."
  • E-Finance Mortgage LLC
  • 948 West Madison Street, Suite CE, Chicago, IL, 60607
  • E-Finance Mortgage is a conscientious devotee of humble service to our clients, offering convenient & low priced home mortgage services for purchase & refinance of the American dream of owning a home.We are focused on becoming the 1st choice in the markets we serve through integrity, exceedingly high business ethics & valuable social responsibility
  • Stateside Private Capital, Inc.
  • 1016 W. Jackson Blvd., Chicago, IL, 60607
  • 50 States Capital, Inc. is a firm that engages capital resources that invest in Hard Money Loans that are asset based (real estate, AR, equipment and Intellectual Properties), Business Loans (Unsecured and Secured), Note Acquisitions, Joint Ventures, Real Estate Investments and Mergers & Acquisitions.
  • Mortgage Loan Direct Inc
  • 15255 South 94th Avenue, Suite 519, Orland Park, IL, 60462
  • Our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today.
  • Avalon Mortgage Services Inc
  • 9439 West 144th Place, Orland Park, IL, 60462
  • Avalon Mortgage Services, Inc. offer personalized service & some of the most competitive rates in the mortgage industry. Our clients continue to recommend us because of our experience & knowledge of every aspect of the mortgage business & real estate market. Our expertise makes the purchase or sale of our client's homes & investment properties.
  • Townstone Financial Inc
  • 329 West 18th Street, Suite 305A, Chicago, IL, 60616
  • Townstone Financial provides customized residential mortgages for purchasing or refinancing homes. Townstone Financial has been making home buying dreams come true for nearly 17 years. We are grateful to every one of our borrowers who have allowed us to grow our lending potential over the last two decades.
  • Chicagoland Mortgage Group LLC
  • 3351 West Harlem Avenue, Chicago, IL, 60634
  • 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
  • Selfreliance Federal Credit Union
  • 2332 West Chicago Avenue, Chicago, IL, 60622
  • Selfreliance Federal Credit Union is a financial cooperative composed of members of a common background and bond. It exists for their benefit. It must provide varied types of financial services at highest professional levels and create a caring environment for its members. It must foster the ideals of cooperation, promote ethnic strength,
  • Silvercreek Finance Corp
  • 1701 N. Ashland Ave, Chicago, IL, 60622
  • Silvercreek Finance our loan officers: provide you with the tools and support to help you focus on your clients and be more efficient in the loan origination process. Transparent pricing, sales and marketing support, great bonus plan and the opportunity to grow within a company that’s built around you – the loan officer.
  • NewCastle Home Loans
  • 1700 W Cortland Street, Suite 207, Chicago, IL, 60622
  • Headquartered in Bucktown Chicago, our mortgage team offers a variety of loan options in Illinois, Indiana, Michigan, Florida, and Tennessee. Get to know our team and see why we decided to change the game in mortgage lending. We're a full-service mortgage lender. We'll handle your loan from start-to-finish.