FHA VS Conventional loan in Aledo, Mercer County, Illinois

In the year 2025, 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.

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2025 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.

Check results for USDA loan requests at Lendersa


  • Maquoketa State Bank
  • 203 N Main St, Maquoketa, IA, 52060
  • As a locally owned bank, Maquoketa State Bank is in touch with the community we serve and is responsive to the financial needs of our cuWe work hard to provide innovative solutions that give our customers, our neighbors, employers and friends, a safe and secure financial future...
  • Glasford State Bank
  • 305 East Main Street, Glasford, IL, 61533
  • Glasford Bank can trace its roots back to July 15, 1900, when it opened with just two deposits. Originally known as Farmers and Traders Bank, it was located at the corner of Main and Hickory in a converted cigar factory. In 1905, the bank was relocated into a new brick building on the south side of Main Street.
  • Community State Bank of Rock Falls
  • 1801 First Avenue, Rock Falls, IL, 61071
  • Community State Bank is a banking organization consisting of several "community banks" branches & financial service companies within northwest Illinois.CSB employees provide prompt, courteous and professional banking services that exceed the expectations of it's customers. COMMUNITY STATE BANK'S employees provide prompt, courteous.
  • Mount Vernon Bank and Trust Company
  • 206 First Street West, Mount Vernon, IA, 52314
  • "Mount Vernon Bank & Trust Company adheres to these values by providing personal and business banking customers the banking services they need with the quality service they deserve. Because Mount Vernon Bank & Trust Company works locally, financial decisions, large and small, can be made quickly to improve your banking experience. Mount Vernon
  • Bridge Community Bank
  • 302 Hwy 1 SE, Mount Vernon, IA, 52314
  • Community Bank with locations in Mechanicsville, Mount Vernon & Solon Iowa. Bridge Community Bank is happy to help you with all your banking needs, from deposit accounts, IRA, CDs, business products, commercial & personal loans, mortgage loans, to our BCB Investment Services. Along with banking business,
  • Libertyville Savings Bank
  • 2000 W. Jefferson, Fairfield, IA, 52556
  • At Libertyville Savings Bank, we live and work in the same community as you. We get to know you and your banking needs so that we can provide the kind of five-star service you deserve. We have 6 offices in southeast Iowa, whether you’re in Fairfield, Libertyville, Eldon, Keosauqua, Keota, Douds or the surrounding area.
  • Home Mortgage Specialists, Inc.
  • 6808 Knoxville Ave, Peoria, IL, 61615
  • 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.
  • Kemba Peoria Credit Union
  • 2318 W Willow Knolls Drive, Peoria, IL, 61614
  • KEMBA Peoria Credit Union was organized in 1934 and is a non-profit financial cooperative, chartered by the State of Illinois and regulated by the National Credit Union Administration (NCUA) who federally insures your savings account up to $250, 000. Our purpose is to promote savings by paying higher dividend rates, to provide low cost loans,
  • North Pines Financial Solutions
  • 2135 W Sunnyview Dr, Peoria, IL, 61614
  • Our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process, so that you can confidently select the best loan for you and your company from the many loan options that are available today.
  • FLAT BRANCH HOME LOANS
  • 3408 Willow Knolls Dr, Peoria, IL, 61614
  • Flat Branch Home Loans is focused on providing low rate mortgages in Missouri with unparalleled service and expertise. Our experienced staff is the brightest in the industry and is ready to help you find the mortgage for your next home purchase or refinance. Please visit our web page at flatbranchhomeloans.com.
  • Sterling Federal Bank
  • 110 E 4th St, Sterling, IL, 61081
  • We’ve been serving families in Northwest Illinois (and, more recently, Northeast Iowa) since 1885. There were just 38 states when Sterling Federal Bank was born; Grover Cleveland was President of the United States; and our hometown of Sterling, IL was only about 50 years old. Sterling Federal is even older than the Federal Reserve Bank