USDA and FHA Pro and Con 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.

Compare proposals from a hundred lenders

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?



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