FHA VS Conventional loan in Aledo, Mercer County, Illinois
In the year 2026, the maximum amount for a Conventional loan in Aledo, county of Mercer, IL, is $726,200. Meanwhile, the FHA limit for a single-family home stands at $472,030.
Utilize the Lendersa® Conventional loan calculator to match today’s top rates, including Conventional, FHA, and USDA options. This tool helps you assess required income, credit, and documentation to qualify. Our cutting-edge mortgage calculator enables a side-by-side view of Conforming Conventional loans with USDA, FHA, and VA offerings, helping you identify the most fitting loan program for your financial needs in IL.
2026 Loan Limits and Down Payment Requirements in Aledo, County of Mercer, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This comparison table pertains to zip codes: 61231
Available Conventional and FHA Loan Choices in Aledo, IL
Lendersa® aims to provide the most efficient and hassle-free access to the best Conventional, USDA, or FHA loans. Choose one of three start points, each leading to tailored lenders and loan programs for you.
1st Community Bank is a branch office of 1st Community Bank. They provide the following services: Full Service Office Location & are located at 407 Third Street in Sherrard Illinois. Mobile & traditional directions to this location can be found below along with ratings, their phone number, online banking website and additional banking information
Blackhawk Bank & Trust has been serving the banking needs of the Quad Cities community since 1961 when ground was broken on our first branch in Milan, Illinois. Today the Blackhawk Bank & Trust branch footprint extends through the counties of Rock Island, Mercer, and Henry in Illinois, and Scott in Iowa.
Midwest Bank is proud to be a locally-owned, community bank. Our employees understand that the foundation of our business is built on the relationships we have with our customers. We serve the communities with courtesy, professionalism and integrity; our customers are our neighbors, friends and family.
Community National Bank in Monmouth is a Locally Owned Bank providing friendly and personalized service to the people and businesses in Monmouth, Illinois and the surrounding area. In January 1964 the community of Monmouth was shocked to learn that control of the Second National Bank had changed and the bank was being voluntarily liquidated.
Gas & Electric Credit Union proudly serves employees and retirees of MidAmerican Energy, the City of Rock Island, BITCO Insurance, Illinois Casualty Company, Rock Island Corps of Engineers, Friendship Manor, Rock Island Milan School District, Downtown Rock Island District Businesses and many other local, small businesses
Service Plus Credit Union is a full service financial institution in Moline, Illinois which was established in 1950. Membership is open to anyone who lives or works in Rock Island or Henry counties, IL. Big enough to Serve you, small enough to Know you. Credit Union is a full service financial institution in Moline
As an exclusive benefit to Deere employees and their families, Deere Employees Credit Union is focused on removing the frustrations of everyday banking and ALWAYS acting in the best interest of our members.
By constantly investing in our people and technologies, Deere Employees Credit Union is able to provide consistent
SENB Bank has proudly served the Quad Cities and neighboring communities since forming in 1961 and is approximately $370 million in assets. In 2019 the bank expanded into the Stateline (Roscoe/Beloit) region of Illinois and Wisconsin, with six banking centers serving Illinois, Iowa and Wisconsin.
