USDA Vs. FHA Pro and Con comparison in Park-Forest, Cook County, IL

In 2024, USDA loan limit in Park-Forest, county of Cook, IL is $0 while FHA limit is $379,500 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

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2024 loan limits and downpayment requirments in Park-Forest, county of Cook, IL

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

USDA and FHA loan options in Park-Forest, IL

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

Lendersa USDA loan request and matching results

What is USDA Loan in Illinois?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

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



  • Truen Associate Inc
  • 10 Cutter Mill Rd, Suite 202, Great Neck, NY, 11021
  • Truen & Michaels, LLC offers the best selection of bridge loans and conventional financing in all 50 states. No matter where your project is located, and what type of real estate project you are looking to finance, we can match you with the loan program which will help you achieve your goals.
  • SMB Compass
  • 411 Theodore Fremd Ave, Rye, NY, 10580
  • SMB Compass is a bespoke business financing company focused on providing financing and education to small businesses across the United States. As banks continue to make it difficult for small businesses to borrow money, we continue to provide cost effective and flexible colutions
  • HUDSON GROUP REALTY NETWORK; REAL ESTATE BROKERAGE & COMMERCIAL LENDING
  • 55 Northern Boulevard, Suite 400, Great Neck, NY, 11021
  • HGRN was formed in 2012 as a direct response to the need for clients to have access to the information they needed when buying or selling property. With the many programs in NY for first time homebuyers or for the information needed to complete a 1031 tax exchange, Hudson Group Realty Network Inc, is prepared to guide the client from inception.
  • Merita Capital Funding LLC
  • 45 Middle Neck Road, Suite 210, Great Neck, NY, 11021
  • 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.
  • Powerhouse Solutions, Inc.
  • 11 Grace Avenue, Suite 307, Great Neck, NY, 11021
  • Powerhouse Solutions, Inc. (PHS) is a NYS licensed banking entity that originates mortgage loans directly to consumers. As a direct lender, we have the highest level of integrity and a genuine caring and concern for our customers. At PHS we believe "Your Mortgage Solution Starts With Us.
  • Silver Fin Capital Group LLC
  • 11 Grace Avenue, Suite 408, Great Neck, NY, 11021
  • Silver Fin Capital is a mortgage broker licensed to conduct residential business in Connecticut, Florida, New Jersey & New York & commercial loans throughout most of the United States. Our customized pricing engine & proprietary database provides access to over 50 lenders, allowing our loan officers to match you and your needs with the loan options
  • Somerset Finanical Group Inc
  • 10 Cutter Mill Rd., Great Neck, NY, 11021
  • SFG is a private real estate investment and finance company that was founded by Jules Reich in 1962. Since his entry into the field of real estate, Jules Reich was involved with and founded several companies and partnerships. Through these related entities, SFG has completed over $500 Million of real estate investments, financing transactions.
  • Bayport Funding LLC
  • 98 Cuttermill Road, Suite 424 N, Great Neck, NY, 11021
  • Bayport Funding LLC is Greater New York’s leading boutique private equity lending firm, specializing in short-term, non-traditional real estate loans to fund the acquisition of residential/commercial real estate investments. The company’s core mission—fueled by responsible and successful portfolio investment—is to invest in New York’s growing and b
  • W Financial
  • 60 Cutter Mill Road, Suite 601, Great Neck, NY, 11021
  • W Financial is a New York-based commercial real estate bridge lender specializing in time-sensitive or complex loan requirements. When a deal is unusual or time is short, we provide our clients with rapid, reliable access to the capital they need to get their deal over the finish line.
  • Manhattan Bridge Capital
  • 60 Cutter Mill Rd., Suite 205, Great Neck, NY, 11021
  • Manhattan Bridge Capital, Inc. (Nasdaq – “LOAN”) has been a publicly traded company since 1999. MBC is a "hard money" lender in New York Metropolitan area and in Florida, and is known to close its deals in a very short period of time. In most cases the client will have cash in his/her possession in 3-10 business days.