USDA VS FHA in Skokie, Cook County, IL

In 2025, the USDA loan cap in Skokie, within the county of Cook, IL, is $0, whereas the FHA limit for single-family homes is set at $472,030.

Leverage the Lendersa® USDA loan calculator to contrast today's top USDA and FHA rates and to pinpoint the income, credit score, financial reserves, and documentation needed for qualification. This state-of-the-art mortgage calculator offers a side-by-side view of USDA, FHA, Conforming, and VA programs, empowering you to decide on the ideal program for your financial situation in Alabama.

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2025 Loan Limits and Down Payment Requirements in Skokie, Cook county, IL

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

Exploring USDA and FHA Loan Options in Skokie, IL

Lendersa® is dedicated to quickly securing you the most advantageous USDA or FHA loans without hassle. Select one of the three initial steps that lead to matched lenders and the discovery of USDA loan programs.

Overview of Lendersa USDA loan requests and matches

Understanding USDA Loans in IL

A USDA home loan is backed by the Department of Agriculture and referred to as a USDA Rural Development Loan or USDA Mortgage. It's accessible only in rural communities. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans require no down payment at all.

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



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