USDA Vs. FHA your options comparison 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.
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