USDA Vs. FHA Pro and Con comparison in Elk-Grove-Village, Cook County, IL
In 2025, the USDA loan limit for a single-family home in Elk-Grove-Village, located within the county of Cook, IL, is set at $0. On the other hand, the FHA loan limit for such homes stands at $379,500.
To evaluate the current optimal rates between USDA and FHA loans, make use of the Lendersa® USDA loan calculator. This tool will also assist you in assessing the required income, credit, reserves, and necessary documentation for qualifying. Our innovative mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, enabling you to select the best financial solution in .
Loan Limits and Down Payment Needs for 2025 in Elk-Grove-Village, Cook, IL
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$379,500
3.5%
Conventional Conforming
$548,250
3%
Available USDA and FHA Loan Options in Elk-Grove-Village, IL
The primary aim of Lendersa® is to facilitate your access to the best possible USDA or FHA loans quickly and effortlessly. Choose from three initial options to connect with suitable lenders and USDA loan programs.
A USDA home loan, also referred to as a USDA rural development loan or USDA mortgage, is government-backed by the Department of Agriculture. These loans are exclusively accessible in rural areas. In contrast to FHA loans, which demand a minimum down payment of 3.5%, the USDA mortgage loan imposes no down payment requirement, making it a unique option.
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As a residential mortgage broker, we do the research for you by shopping multiple investors to get you the best rate and program that will best suit your particular needs. As your trusted mortgage advisors with over 60 years of combined experience, we are well equipped to help you with first-time buyer programs like FHA and VA,
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