Explore the differences! FHA VS Conventional loan programs in Cherry-Valley, Winnebago County, Illinois
As of 2025, the loan limit for Conventional loans in Cherry-Valley, located in Winnebago county, IL, is $647,200. For a single-family home, the FHA limit is $420,680.
Utilize the Lendersa® Conventional loan calculator to compare the best current rates for Conventional, FHA, and USDA loans. Discover the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator provides side-by-side comparisons of Conforming Conventional, USDA, FHA, and VA loans, helping you choose the best financial program in IL.
2025 Loan Limits and Down Payment Requirements in Cherry-Valley, Winnebago, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$647,200
3%
USDA
$285,000
0%
FHA
$420,680
3.5%
Applies to the following zip codes: 61112, 61016, 61109
Explore Conventional and FHA Loan Options in Cherry-Valley, IL
Lendersa® is committed to securing the best possible Conventional, USDA, or FHA loan quickly and conveniently. Opt for one of three starting pathways to match with lenders and loan offerings.
First Southern Bank has been helping Shoals residents with their mortgage needs for over 80 years. Whether you are buying, building, or refinancing, First Southern Bank has the right loan to meet your needs. We offer competitive rates for your mortgage lending needs.Let First Southern Bank’s mortgage loan.
At Meridia Community Credit Union, we’re forward thinkers focused on doing more for our members and helping them achieve financial results that go beyond ordinary. Whether it’s offering progressive products, staying open a little longer each day, or simply taking time to truly listen, we go beyond expectations.
Our mission is to serve our customers with honesty, integrity, & competence while taking the mystery & anxiety our of home financing. With each of our loan officers bringing 20+ years of lending experience to the transaction, we take the time to understand your personal financial circumstances & craft a mortgage.
Here at Fairway Independent Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve.
Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond. We look forwar
Preston Federal Credit Union has been open since 1978. The credit union has assets totaling $33.13 Million and provides banking services to more than 2, 000 members as of March 2022.
The credit union is a not-for-profit, member-owned financial cooperative providing financial banking services to multiple member groups
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.
