USDA VS FHA in Schaumburg, Cook County, IL

In 2025, the USDA loan cap in Schaumburg, within Cook county, IL, is $0. In contrast, the FHA limit for a single-family residence is $472,030.

Lendersa® provides a USDA loan calculator to evaluate today's top USDA and FHA rates. You can assess the necessary income, credit, reserves, and documentation for qualification. Our advanced mortgage calculator presents a side-by-side comparison of USDA, FHA, Conforming, and VA options, facilitating the choice of the best financial program available in Alabama.

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2025 Loan Caps and Down Payment Criteria in Schaumburg, Cook county, IL

Loan Type Loan Cap Down Payment
USDA $0 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Exploring USDA and FHA Loan Alternatives in Schaumburg, IL

Lendersa® aims to provide you with the best USDA or FHA loans swiftly and effortlessly. Choose one of three starting methods that lead to matching lenders and USDA loan schemes.

Results of Lendersa USDA loan applications

Understanding USDA Loans in IL

A USDA mortgage, backed by the Department of Agriculture, also referred to as a USDA Rural Development Loan or USDA Mortgage, is specifically available in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans demand no down payment at all.

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



  • Honeywell Federal Credit Union
  • 512 Virginia Drive, Fort Washington, PA, 19034
  • Honeywell Federal Credit Union is a member owned, not-for-profit financial cooperative chartered in 1937, dedicated to the financial wellbeing of its member.We are committed to helping you meet your financial goal by offering a broad range of quality products & services. Other financial institutions need to generate profits to satisfy stockholders.
  • Trumark Financial Credit Union
  • 335 Commerce Drive, Fort Washington, PA, 19034
  • Since its founding in 1939 by a handful of Bell Telephone Company of Pennsylvania employees, TruMark Financial Credit Union has grown to be a leader in the credit union industry. TruMark Financial provides savings, transaction, and credit services solely for its members. The credit union’s field of membership includes anyone who lives
  • Frankel Financial Corp
  • 455 Pennsylvania Avenue, Suite 2LF, Fort Washington, PA, 19034
  • In 1976, Frankel Financial Corp. was established with the idea of providing a wide spectrum of financial solutions to the non-bank qualified loan transaction. Since then, Frankel Financial Corp. has evolved into a leading provider of innovative and flexible financial solutions to both bank qualified and non-bank qualified clients throughout
  • Filo Mortgage, L.L.C.
  • 500 Office Center Drive, Suite 400, Fort Washington, PA, 19034
  • Filo, you’ll get an easy and fast process, very low rates and low costs. Your loan experience starts amazing and stays amazing over the loan’s term. Maybe you want to close quickly on a dream home, or refinance a home to lower monthly payments or consolidate debt. We’re industry veterans who understand. Helping home buyers.
  • EAST COAST MORTGAGE AND FINANCIAL SERVICES, INC
  • 540 pennsylvania avenue, Suite 230, Fort Washington, PA, 19034
  • East Coast Mortgage is a family owned business that originally opened their doors in 1977. Once run by brothers Harvey and Lenny Seidman, it is has been operated by Harvey and his son Jeff since 1997. East Coast has been a Mortgage Lender closing and funding loans in our own name since 2002
  • Lenders Funding, LLC
  • 4715 Westhampton, Williamsburg, VA, 23188
  • "Lenders Funding provides the assurance you need to grow or take on larger clients. As you increase your own source of funds, you can retire our participation, maximizing your ability to earn. Since formation, we have worked with over 150 lenders and factors and have supplied several hundred million dollars in funding."
  • First Hope Bank
  • 1301 Hope Bridgeville Road, Hope, NJ, 07844
  • First Hope Bank is a family operated community bank that has been in operation since 1911. We are a full-service bank with products ranging from deposit accounts to loans to investment and insurance products offered by either our Trust Department or Raymond James Financial Services, Inc.
  • Community Bank
  • 1255 W Government St, Brandon, MS, 39042
  • One of the South’s fastest-growing financial institutions did not originate in a large, metropolitan area or grow with the usual Bank business plan. Community Bank started more than 115 years ago in a small timber community in east central Mississippi and has grown by employing a unique approach to one of America’s most routine industries.
  • Provident Federal Credit Union
  • 401 South New Street, Dover, DE, 19904
  • We’re proud to serve you! As a valued member of our financial “family” your needs are our #1 priority. That’s why we offer a wide variety of products and friendly, reliable service – all in one convenient place. Our checking, savings & investment accounts are all designed to meet your individual needs.
  • Dover Federal Credit Union
  • 1075 Silver Lake Blvd, Dover, DE, 19904
  • The Dover Federal Way: Members are our priority. Excellence is our past, present, and future. Dover Federal Credit Union is the 2010 Winner of the Central Delaware Chamber of Commerce Presidents Award for Excellence. For more than 50 years, you've come first, with products, knowledge and personalized services to achieve your dreams.