USDA Vs. FHA Pro and Con comparison in Summit, Cook County, IL
In 2025, USDA loan limit in Summit, county of Cook, IL is $0 while FHA limit is $472,030 for a single-family home.
Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.
2025 loan limits and downpayment requirments in Summit, county of 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 Summit, IL
Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.
USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
Ford County State Bank succeeded the original Ford County Bank in 1902. The original Ford County Bank was constructed and opened by Asa Soule in 1887, and was in operation through 1897. Asa Soule was the developer of the Soule Canal or the Eureka Irrigation Canal. Ford County State Bank considers it a privilege to have served Spearville.
As PriorityOne Bank has exceeded a 111-year history of serving its loyal customers, it is proud of the fact that it remains a local independent community based bank that is expanding & growing to serve the vast financial needs of many customers throughout MS. PriorityOne Bank has experienced considerable growth, while still retaining the friendly.
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