USDA Vs. FHA Pro and Con comparison in Chicago, Cook County, IL
As of 2025, the USDA loan cap for Chicago, located in Cook County, IL, is $0, whereas the FHA ceiling is $472,030 for a single-family residence.
Utilize the Lendersa® USDA loan calculator to contrast today's prime rates for USDA versus FHA, and assess the income, credit, reserves, and documents necessary for qualification. Our sophisticated mortgage calculator lets you examine USDA, FHA, Conforming, and VA loans side by side, aiding your choice of the best program in for your specific financial condition.
2025 Loan Limits and Down Payment Criteria in Chicago, Cook County, IL
Loan Category
Maximum Amount
Minimum Down Payment
USDA
$0
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Chicago, IL
The mission of Lendersa® is to secure you the most beneficial USDA or FHA loan swiftly and with minimal hassle. Choose among three initial steps that lead to matching lenders and USDA loan programs.
A USDA home loan is guaranteed by the U.S. Department of Agriculture, commonly identified as the USDA rural development loan. It is intended specifically for rural areas. In contrast to FHA loans that necessitate a 3.5% down payment, a USDA loan does not require any down payment, offering an attractive option for many.
M&C Credit Union is owned by its members via shares/savings accounts. We are a corporate-sponsored, federal credit union. M&C Credit Union was established in 1967 serving the Minerals & Chemicals Corporation, then Engelhard Corporation & now BASF Corporation. We are located in Room 227A on the second floor of the BASF Research Center in Iselin, NJ.
Money Avenue offers highly personalized service and will help you cut through the red tape in the financing arena that is so often involved in securing loans from banks and other lending institutions.
Having a Money Avenue Finance Consultant on your team of professionals is a game winning step in obtaining optimal mortgage, business
REMN Wholesale is a proud 2021 GOLD SPONSOR of AIME (Association of Independent Mortgage Experts), for the 2nd consecutive year. This exemplifies our never-ending, decades long, commitment of supporting the national mortgage broker community. REMN Wholesale a trusted, highly-dependable, efficient, national wholesale lender.
100 Wood Avenue South, Suite 123, Iselin, NJ, 08830
American Royal full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance to construction lending. We have access to a wide range of wholesale lenders and all of our lending specialists are dedicated to finding the right loan.
At Casabella Financial Services, LLC. We are a full-service mortgage company based in Central New Jersey. We specialize in Home Purchase Loans and Refinance in New Jersey. Whether you are buying a home or refinancing in New Jersey, we can help you realize your dream of homeownership or save you money when getting your new lower monthly payment.
We are a homegrown family business, with over 40 years of combined mortgage financing experience. Over the years, the majority of our business has come from referrals from our clients as well as professional Realtors in the area. As a result of our conservative loans, we are ranked in the Top Tier 1 Lending Status with lenders.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide real estate financing 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.
In 1936, North Jersey Federal Credit Union was founded. Our vision is to provide service to all members beyond their expectations to create a “Wow Experience” for each of them. We will be convenient, efficient and effective in serving our members throughout the community. Our goal is to enable our members to have financial freedom.
Homeland Realty is North Jersey’s top internet marketer of real estate properties. At HomeLandRealtyNJ.com you can find information on local schools, weather, local information, links and other local resources for Totowa, Wayne, Clifton, Paterson and surrounding communities. Homeland Realty NJ, can assist you with a variety of real estate services.
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.
Summit Hampton Roads Federal Credit Union has been open since 1970. The credit union has assets totaling $10.32 Million and provides banking services to more than 2, 000 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups, but primarily serves health care employees.
