Explore the differences! FHA VS Conventional loan programs in Benton, Franklin County, Illinois
In 2025, the conventional loan limit for Benton, within Franklin, IL is $726,200, whereas the FHA limit for single-family homes is $472,030.
The Lendersa® Conventional loan calculator allows you to weigh up today's rates for Conventional, FHA, and USDA loans. It helps identify the income, credit, reserves, and documentation required for qualification. This advanced tool lets you view Conforming Conventional, USDA, FHA, and VA loans side by side, aiding your decision on the best program in IL for your financial context.
2025 Loan Limits and Down Payments in Benton, Franklin, IL
Type
Limit
Down Payment
Conventional
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
Relevant for zip codes: 62812
Loan Options in Benton, IL
The aim of Lendersa® is to quickly connect you with the best loan, whether Conventional, USDA, or FHA, without unnecessary delay. Choose a starting point to match your requirements with suitable lenders and loan programs.
Merchants Capital is a multifamily, affordable and healthcare lender offering a direct way to access fixed-rate, long-term, non-recourse financing via our bank, Merchants Bank, all with a single point of contact.
We strive to provide the best origination and service of loan products with exceptional customer service, accuracy, creativity
865 West Carmel Drive, Suite 112, Carmel, IN, 46032
Established in July 2004 Atlantic Mortgage Inc. offers wholesale mortgage lending to consumers in Indiana and Florida. Atlantic Mortgage Inc. has developed an excellent reputation as a preferred mortgage brokerage firm. Serving the lending needs of home buyers, realtors/brokers, and custom builders.
11595 N. Meridian St, Suite 200, Indianapolis, IN, 46032
For over 40 years, the goal of INvestEd has been to provide students with solutions to put higher education within reach. We believe strong choices before college are the best way to limit excessive student loan debt after college. That’s why our efforts focus on providing friendly, free, expert financial aid help to students, families
CPL Investments company individually run with Constantine at the helm, has grown into a fully functional team focused on building systems and processes to execute investments quickly. Developing a more robust internal team of thinkers and problem solvers has increased efficiencies and helped.
Milestone Home Lending, LLC is a premier mortgage lender located in Indiana offering the highest level of expertise and personal attention to every individual client we serve. Whether you’re a first-time homebuyer or moving up to a better home, your satisfaction is our #1 priority.
First South Financial Credit Union is a member-owned, federally insured financial institution serving over 64, 000 members throughout the world. Recognized as a leader in strength, stability and service, we are ranked among the top 1% of financial institutions in the entire country by independent rating organizations.
9745 Randall Drive, Suite 130, Indianapolis, IN, 46280
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.
Spectrum Mortgage Services, LLC is a three man shop that focuses on delivering the most competitive rate with the highest level of customer service. Aaron Campbell and John Dearth are seasoned mortgage professionals who have been in the industry for close to two decades.Together, they work to provide the best mortgage experience.
