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

For 2025, the USDA loan limit in Palos-Park, within Cook county, IL, is set at $0, while the FHA limit for a single-family home is $379,500.

Leverage the Lendersa® USDA loan calculator to compare today's top rates between USDA and FHA options. This tool helps assess the income, credit, reserves, and necessary documents for qualification. With our advanced mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, helping you select the best program suited to your financial needs, particularly in Alabama.

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2025 Loan Limits and Downpayment Requirements in Palos-Park, County of Cook, IL

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

Exploring USDA and FHA Loan Options in Palos-Park, IL

The objective of Lendersa® is to quickly secure the best USDA or FHA loan for you, without any hassle. Choose one of three approaches to link with lenders and explore USDA loan programs that match your needs.

Lendersa USDA loan request and matching results

Understanding USDA Loan Basics in IL

A USDA home loan, also known as a USDA rural development loan or USDA mortgage, is guaranteed by the Department of Agriculture and exclusively available in rural neighborhoods. Unlike FHA loans that require a 3.5% minimum down payment, USDA loans need no down payment at all.

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



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