USDA VS FHA in Melrose-Park, Cook County, IL

In 2025, the USDA loan limit in Melrose-Park, under Cook County, IL is established at $0. For a single-family home, the FHA limit is $379,500.

Employ the Lendersa® USDA loan calculator to examine today’s prime USDA versus FHA rates, and figure out the necessary income, credit, reserves, and documents to qualify. Our advanced mortgage calculator can present USDA, FHA, Conforming, and VA loans side by side, helping you decide the best program for your specific financial needs in .

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2025 Loan Limits and Down Payment Requirements in Melrose-Park, Cook, IL

Loan Type Loan Limit Down Payment
USDA $0 0%
FHA $379,500 3.5%
Conventional Conforming $548,250 3%

Explore USDA and FHA Loan Options in Melrose-Park, IL

Lendersa® is committed to securing the best possible USDA or FHA loan for you swiftly and without hassle. Start with one of three steps that connect you with suitable loan programs and lenders.

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What is a USDA Loan in IL?

A USDA home loan, guaranteed by the government through the Department of Agriculture, often called a USDA rural development loan or USDA mortgage, is available solely in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, the USDA mortgage needs none.

Enter your location to find out if it qualifies for USDA rural housing loan?



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