which one is better? Conventional or FHA Alton, IL

For the year 2026, 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.

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.

Loan Type	Loan Limit	Down Payment
Conventional Conforming	$726,200	3%
USDA	$336,500	0%
FHA	$472,030	3.5%

Lendersa USDA loan request and matching results

Alton Lenders
(618) 462-7000 Lender's profile and map Liberty Bank 2403 Homer M Adams Pkwy, Alton, IL, 62002 Lends in Illinois Liberty Bank, headquartered in Alton, Illinois, was founded by area businessmen in 1994. Expanding to Godfrey in 1997 and Bethalto in 2006, it has since grown to include a total of four locations serving Madison County. In 2017, Liberty Bank joined United Community Bank and now includes more than 100 Bank & ATM locations
(618) 463-5700 Lender's profile and map Preferred Mortgage, Inc. 2375 C Homer Adams Pkwy, Alton, IL, 62002 Lends in Illinois At Preferred Mortgage, Inc., offers the best services in mortgage financing at the lowest cost to you. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound choices. As full-service mortgage brokers, we offer a wide range of loans from government (VA, FHA)
(618) 254-0605 Lender's profile and map Midwest Members Credit Union 101 Wesley Drive, Wood River, IL, 62095 Lends in Illinois Midwest Members Credit Union has been serving our membership since 1935. . With our recent expansion, now people in 10 Illinois Counties are eligible for the benefits of being a member of Midwest Members Credit Union. Great savings and loan rates, most recent banking technology, mobile and online banking, and service to our communities
(618) 650-3760 Lender's profile and map SIUe CREDIT UNION 1566 Lewis Road, Edwardsville, IL, 62025 Lends in Illinois SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
(800) 888-4728 Lender's profile and map Scott Credit Union 101 Credit Union Way, Edwardsville, IL, 62025 Lends in Illinois Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
(618) 692-1470 Lender's profile and map Mortgage Makers Mortgage Makers, Edwardsville, IL, 62025 Lends in Illinois Mortgage Makers is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
(618) 659-8500 Lender's profile and map American Home Lending USA, LLC 230 S Buchanan St, Suite A, Edwardsville, IL, 62025 Lends in Illinois American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.
(618) 797-7993 Lender's profile and map GCS Credit Union 3970 Maryville Road, Granite City, IL, 62040 Lends in Illinois Founded in 1941 as a source of loans and basic savings products, GCS Credit Union has always focused on the member. Through the years, that philosophy has served us well, helping us grow from a single office in Granite City to a full-service financial institution serving the following Illinois counties: Sangamon, Logan,
(618) 530-7878 Lender's profile and map Qualify 4 mortgage 2245 Pontoon Rd, Granite City, IL, 62040 Lends in Illinois Qualify 4 mortgage common Types of Mortgage to help you determine which loan would be best for you. You should consult with Dave Anderson to determine which type of mortgage is best suited for your individual circumstance. We specialize in these loans FHA Mortgage, VA Mortgage, Conventional Loan and more.