Explore the differences! FHA VS Conventional loan programs in Alton, Madison County, Illinois
For the year 2025, the Conventional loan limit in Alton, within Madison county of IL, is set at $726,200. In contrast, the FHA loan limit for a single-family home is $472,030.
Utilize the Lendersa® Conventional loan calculator to evaluate today's top rates between Conventional, FHA, and USDA. Identify the income, credit, reserves, and documents required for qualification. Our advanced mortgage calculator presents options for Conforming Conventional loans, USDA, FHA, and VA side by side, assisting in your decision-making for the best program in IL tailored to your financial situation.
2025 Loan Limitations and Down Payment Requirements in Alton, Madison, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This comparison is applicable to the following ZIP codes: 62002
Exploring Conventional and FHA Loan Opportunities in Alton, IL
The objective of Lendersa® is to swiftly arrange the most advantageous Conventional, USDA, or FHA loans with ease. Choose from three starting points for lenders and loan program matches.
TN Members 1st was Oak Ridge’s first credit union chartered by the Federal Government to service the employees of the Department of Energy. In October 2005, TN Members 1st received its community charter for Anderson, Knox, and Roane counties. Tennessee Members 1st Federal Credit Union exists to provide quality financial services for its members.
Kimberly Richards President has been in the industry since 1985. She has worked as a forensic underwriting auditor with the federal government and private investors; operated several mortgage branches in TN, TX, GA, MS, and AL; and knows every step of a loan from beginning to end.
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Our mission is to serve as our member's primary financial institution by providing competitive products and services with superior customer service and delivering those services utilizing technology by a highly trained and motivated staff. To provide these products and services in a professional, personal and competitive manner.
Chattanooga Area Schools Federal Credit Union has been open since 1935 with assets totaling $176.83 Million and providing banking services to more than 12, 000 members as of March 2022. The credit union is a not-for-profit, member-owned financial cooperative providing services to members in the education community.
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