USDA Vs. FHA your options comparison in Summit, Cook County, IL
In 2025, the USDA loan limit in Summit, located in Cook county of IL, is $0. In comparison, the FHA limit for a single-family home is $472,030. Such differences indicate the range of funding options available in your area.
Utilize the Lendersa® USDA loan calculator for comparing today's USDA against FHA rates. Assess the income, credit, reserves, and other documentation needed to qualify. Our advanced mortgage calculator additionally showcases USDA, FHA, Conforming, and VA loans side by side, helping determine the best program in for your financial needs.
2025 Loan Limits and Down Payment Requirements in Summit, Cook, IL
Loan Type
Loan Limit
Down payment
USDA
$0
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Summit, IL
The core objective of Lendersa® is to quickly secure you a suitable USDA or FHA loan with minimal effort. Start with one of three options to connect with matching lenders and USDA loan programs.
The USDA home loan is backed by the U.S. Department of Agriculture, known as the USDA rural development loan or mortgage. It is exclusive to rural neighborhoods. Unlike the FHA loan requiring at least 3.5% down, the USDA mortgage does not require a down payment.
VSECU is a credit union is a not-for-profit financial cooperative that is owned by its members. Profits go back to the member owners in the form of higher saving rates, lower loan rates, and affordable services. Credit unions do not exist to make a profit for the benefit of outside stockholders
1750 Valley View Lane, Suite 110, Farmers Branch, TX, 75234
Southwest Financial is “Better Banking for Kroger Associates”. We were chartered in November 1962 as Kro-Dal (Kroger-Dallas) Federal Credit Union. Southwest Financial opened for business in the early months of 1963. At that time, only Kroger associates and their immediate family members were eligible to join
360 Home Lending is a minority-owned mortgage company with a focus on diverse markets throughout the DFW metroplex. Our unique customer-centric, technology-enhanced approach provides a seamless and consistently stress-free experience for customers, from 1st time homebuyers to sophisticated property investors
12100 Ford Road, Suite 195, Farmers Branch, TX, 75234
First Integra Funding Whether you’re looking to buy your dream home, or you’re hoping to explore your refinancing options, First Integra Funding Corp. has you covered. With us, you’ll have the chance to connect with a wide range of trustworthy lenders, offering top-quality mortgage products of all kinds.
Liberty Home Mortgage, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
2665 Villa Creek Drive, Suite 252, Dallas, TX, 75234
Nonprofit Mortgage is a new and unique mortgage company. We have a large range of mortgage products for your home purchase or refinance. Nonprofit Mortgage provides down payment assistance to underserved home buyers and those who have experienced a financial setback due to an illness in their household.
"Beam Real Estate & Mortgage is the foremost choice for your residential and commercial property needs. Contact us today!
When you're looking to buy a home, you want to know that you're in the best of hands. With more than a decade of experience, we can proudly say we've learned a thing or two about real estate - and that knowledge helps you."
Preston Hollow Financial Services, Inc. is a full service Mortgage Boutique offering personalized analysis and execution for your purchase, refinance, construction and home equity needs. We facilitate mortgage throughout the great State of Texas and have professional relationships with other title and insurance companies.
Pro-Mac Appraisal Management Services is a Regional Appraisal Management Company that specializes in residential and commercial appraisal/valuations for both lending and non-lending purposes. With over 50 years of combined experience in all facets of real estate transactions, we are well-equipped to assist our clients.
