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.
"Bridgeway Capital takes a market-based approach to community and economic development. We invest in people and places that mainstream finance considers too risky. Where others see risk, we see opportunity.
Bridgeway provides patient, flexible capital and business education to ignite small business growth, develop communities"
The Guaranty State Bank & Trust Company had its beginnings during the days following the First World War. During the war times bank charters were easy to come by, and two new banks started business in Beloit. The result was five banks competing for business. We have five locations, Beloit, Jewell, Burr Oak, Esbon, & Smith Center.
As the First National Bank of Beloit, we opened our doors for business on July 29, 1884, at the corner of Main and Mill. Five generations of service later, we are now chartered as a state bank under our new name, First Bank of Beloit. Although our “official” charter date is now August 5, 2019,
A credit union is defined as "a cooperative association organized to promote thrift among its members and accumulate a fund from these savings to make needed loans to members for useful purposes at reasonable interest rates." This was the theory that started Farmway Credit Union back in 1950 and still holds true today.
5100 N. Classen Blvd, Suite 500, Oklahoma City, OK, 73118
First Fidelity Bank takes pride in its legacy as a community Bank. Since 1920, we’ve been serving clients with the high level of individual care that community Banks are known for, while using the same sophisticated technology as large national Banks. An award-winning financial institution, First Fidelity Bank’s commitment to our clients
4335 N Classen, Suite 101, Oklahoma City, OK, 73118
We are a local mortgage brokerage dedicated to finding the best product for our clients while providing a great experience.Our platform allows us to give our clients great rates while on average being $1, 500 cheaper in lender fees than our competitors. We have a loan program for just about every situation.
Red Dirt Lending is an Oklahoma City, OK based private money lender. They offer loans throughout Minneapolis, St Paul, Oklahoma City, and Tulsa. They offer loans for a variety of needs and situations, including loans for rental properties and fix and flip hard money loans. They offer terms up to 1 year, loans with a maximum LTV of 70%
2201 Liberty Avenue, Room 201, Pittsburgh, PA, 15222
At the Iron Workers Federal Credit Union, we are improving the accessibility and usability of our website for our members and potential members. Our efforts are based on the standards for Web Content Accessibility Guideline 2.0. It is our policy to ensure that persons with disabilities have full and equal opportunity to benefit from our services.
