FHA VS Conventional loan 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.
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