USDA and FHA Pro and Con in Steger, Cook County, IL

As of 2025, the USDA loan limit in Steger, Cook, IL stands at $0, while the FHA limit for a single-family home is $472,030.

The Lendersa® USDA loan calculator is an excellent tool for comparing today's USDA and FHA rates. It helps determine the necessary income, credit, reserves, and documentation needed for qualification. Our advanced mortgage calculator allows side-by-side comparisons of USDA, FHA, Conforming, and VA loans, assisting you in selecting the best program in for your unique financial needs.

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2025 Loan Limits & Downpayment Guidelines in Steger, Cook, IL

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

USDA and FHA Loan Options in Steger, IL

The goal of Lendersa® is to secure you the best USDA or FHA loan quickly and without any hassle. Choose one of three paths to connect with matching lenders and appropriate USDA loan programs.

Lendersa USDA loan request matching results

Understanding USDA Loans in IL

The USDA home loan, guaranteed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is available only in rural areas. Unlike FHA loans that require a minimum of 3.5% down, USDA loans require no down payment.

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



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