USDA and FHA Pro and Con in Schiller-Park, Cook County, IL
During 2025, the USDA loan limit in Schiller-Park, located within Cook county, IL, is designated at $0. In contrast, the FHA loan cap is $379,500 for a single-family residence. This distinction highlights the differing parameters set for these loan programs, reflecting their adaptability to different home financing needs.
Make use of the Lendersa® USDA loan calculator to effectively compare the prevailing USDA versus FHA prime rates, determining the necessary income, credit status, reserves, and documentation for qualification. Our sophisticated mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA loans, assisting you in selecting the best program available in for your financial situation.
2025 Loan Limits and Down Payment Requirements in Schiller-Park, 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 Schiller-Park, IL
The primary aim of Lendersa® is to quickly secure you the most suitable USDA or FHA loan with minimum hassle. Start by choosing one of our three options that facilitate matching lenders with USDA loan programs aligned with your needs.
A USDA home loan, backed by the U.S. Department of Agriculture—often referred to as the USDA rural development loan or USDA mortgage—is available strictly within rural neighborhoods. Unlike FHA loans, which require a down payment of at least 3.5%, the USDA mortgage demand no down payment, providing a distinct advantage for qualified borrowers in applicable areas.
Union National Bank opened its doors for the first time. Although that makes us one of the oldest banks in the Chicagoland area, we pride ourselves on being innovators within both our local and national banking communities. One of the first banks to provide an option for a 1% loan, we consistently put our clients needs first to make sure we can fin
Banquet Financial was opened to provide customers with a viable alternative to dealing with payday loans and banks, to help those who are in need of short-term loans.
We offer title loans along with consumer installment loans to Illinois residents. Banks are becoming tougher to deal with, and payday loans are just too expensive.
Lake Forest Bank & Trust Company, National Association
727 N. Bank Lane, Lake Forest, IL, 60045
Lake Forest Bank & Trust Company is a true community bank. Our promise is to provide customers with good old-fashioned personal service and a broad range of quality financial products. Being a locally controlled and managed bank gives us the unique ability to make decisions more quickly and to provide more customized services.
Diamond Residential Mortgage is committed to helping our customers find the right mortgage product for their needs. We understand every borrower is different and we offer a wide variety of products to meet individual requirements. We make the process of securing a mortgage simple and straightforward by offering the latest financial tools.
Dovenmuehle, we understand the importance of your
members and provide the solutions and experiences
you need to build trusted relationships with them. Our
commitment to innovation and technology means we
develop leading member experiences and our
thoughtful approach to service means we provide the
care and hands-on support they need.
4180 North Route 83, Suite 8, Lake Zurich, IL, 60047
Our experience and expertise have enabled us to navigate through the recent mortgage crisis. Many other companies closed, but we sharpened our skills and not only are we still open, but we are stronger, more experienced, and better equipped to handle your financing needs. We are a full-service mortgage lender with an experienced staff.
Mortgages are our only business. We can guarantee that meeting all of your mortgage needs is our top priority. At Compass Mortgage our strongest desire and greatest passion is to help our clients make wise and informed choices with regards to mortgage financing. Our experienced staff is always available to answer any questions you may have loan.
We are a purpose-driven organization that empowers people to discover financial freedom. We owe our success to our BCU community, fostering an environment that supports professional and personal growth – which in turn empowers us to best serve our members With over $5 Billion in assets, we are also one of the fastest growing credit unions in the la
