USDA and FHA Pro and Con in University-Park, Cook County, IL
In 2025, the USDA loan cap for University-Park, Cook county in IL, is $0, while the FHA cap for a single-family residence is $379,500.
Utilize the Lendersa® USDA loan calculator to compare today's best rates between USDA and FHA loans, and determine necessary income, credit, reserves, and documentation qualifications. With our advanced mortgage calculator, you can view side-by-side comparisons of USDA, FHA, Conforming, and VA options to find the best program in that suits your financial scenario.
2025 Loan Limits and Down Payment Requirements in University-Park, Cook County, IL
Loan Type
Loan Limit
Down Payment
USDA
$0
0%
FHA
$379,500
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA Loan Options in University-Park, IL
At Lendersa®, our goal is to quickly secure the best USDA or FHA loan available. Choose one of the three paths to connect to lenders and the USDA loan programs that suit your needs.
A USDA home loan is guaranteed by the Department of Agriculture, also called the USDA rural development loan or USDA mortgage, and is exclusively available in rural areas. In contrast to FHA loans that mandate a minimum down payment of 3.5%, the USDA mortgage requires no down payment, providing a significant advantage to eligible candidates.
Chesapeake Bank of Maryland was founded in 1913 as New Eastern Avenue Permanent Savings and Loan Association. The name was changed to Chesapeake Federal Savings and Loan Association in 1960. In 1998 the Bank, became Chesapeake Bank of Maryland.
The Bank operates from its main office in Parkville
While our name - First Bank - may be relatively new, our roots run deep in Sterling and Rice County. Originally known as Farmers State Bank, the bank opened for business in Sterling on March 24, 1907 with Frank W. Ross as president. The previous November the bank was incorporated by a group of farsighted community business, farmers.
Johns Hopkins Federal Credit Union was founded by a small group of Johns Hopkins University employees in 1971. As a credit union, our charter allows us to serve various groups. In our case, we have stuck to our roots, expanding to serve other Johns Hopkins and related entities. We truly are built by and for the Hopkins community.
Red River State Bank is one bank serving many communities in the Red River Valley. Since the beginnings of First State Bank of Fertile in 1887 & Red River State Bank in Halstad in 1904 we have taken the same approach, one-on-one personal service. Everyone has different banking needs, from agricultural loans and lines of credit to personal deposit.
Connects Federal Credit Union is an independent, not-for-profit financial cooperative. Connects FCU is owned by its members, who are shareholders. Member share deposits provide the funds for loans to members and the income from loan interest is used to meet expenses and pay dividends on member accounts.
2103 East Parham Road, Suite 210, Henrico, VA, 23228
Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
3261 Old Washington Road, Suite 1011, Waldorf, MD, 20602
Colonial Mortgage Group, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Take advantage of our expertise in the residential lending industry by applying online today. You will find that the skill, professionalism
Massimo Credit a Direct Lender. Whether for a first-time home buyer, a growing family or an established homeowner looking for an investment or vacation property, We offers a wide range of financing options to meet home buyer needs. Our experienced and knowledgeable loan officers will review each home buyer’s personal financial position.
2191 Defense Highway, Suite 300, Crofton, MD, 21114
Washingtonian Mortgage LLC will treat you with the respect due an esteemed customer and give you the personal service you deserve. We understand the big commitment you are making in buying a home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you: we will help you qualify
At My Mortgage, Inc., you will find an experienced team of professionals dedicated to making your mortgage transaction a remarkable experience. We pride ourselves in our fairness and honesty and we truly care about every loan transaction and each client we serve. We believe in helping everyone fulfill their goals.
