FHA VS Conventional loan programs in Colona, Henry County, Illinois

For 2025, the conventional loan limit in Colona, located within Henry county, IL, is set at $726,200. The FHA limit for a single-family home is $472,030.

The Lendersa® Conventional loan calculator allows you to evaluate the best rates for Conventional, FHA, and USDA loans today. Determine the necessary income, credit history, reserves, and documentation for qualification. Our advanced mortgage calculator offers side-by-side comparisons of Conforming Conventional, USDA, FHA, and VA loans, guiding your choice of the ideal program in IL suited to your financial situation.

Compare loan offers from 100 different lenders

2025 Loan Limits and Downpayment Requirements in Colona, Henry County, IL

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

This comparison table applies to the zip codes: 61241

Conventional and FHA Loan Options in Colona, IL

Lendersa® strives to deliver the most suitable Conventional, USDA, or FHA loan efficiently without hassle. Choose one of three pathways to find matching lenders and loan solutions aligned with your needs.

Matching results for Lendersa's USDA loan requests


  • Residential Mortgage Network, Inc.
  • 2507 Highlander Place, Iowa City, IA, 52245
  • Residential Mortgage Network, Inc. is a mortgage bank providing USDA Rural Development, VA, Conventional, FHA and New Construction Loans to borrowers throughout the state of Iowa.Since 1987, our loan officers have been passionate about providing excellent home loan programs and outstanding customer service.
  • Farmers and Merchants State Bank of Bushnell
  • 484 East Main Street, Bushnell, IL, 61422
  • Farmers & Merchants State Bank is Bushnell's only locally-owned bank, serving our community since 1913. We offer low rates on loans, competitive earnings on savings, and leading edge technology in all our services, along with the trust and privacy you deserve. Discover the difference of an employee owned bank
  • Peoples Trust and Savings Bank
  • 90 E. Railroad St, Riverside, IA, 52327
  • Peoples Trust and Savings Bank was founded in 1928. We are a locally-owned-and-operated community bank serving Riverside, Iowa and the surrounding areas. Peoples Trust and Savings Bank offers the services of a modern financial institution while maintaining the integrity of a community bank.
  • MidAmerica National Bank
  • 100 West Elm Street, Canton, IL, 61520
  • MidAmerica National Bank has offices located in Canton, Cuba, Henry, Lewistown, & Macomb and provides full-service banking to its customers. Throughout its history, MidAmerica National Bank’s principal guiding force has been the desire to serve the community and its residents. We pride ourselves on our local decision making at each banking center.
  • Glasford State Bank
  • 305 East Main Street, Glasford, IL, 61533
  • Glasford Bank can trace its roots back to July 15, 1900, when it opened with just two deposits. Originally known as Farmers and Traders Bank, it was located at the corner of Main and Hickory in a converted cigar factory. In 1905, the bank was relocated into a new brick building on the south side of Main Street.
  • Mount Vernon Bank and Trust Company
  • 206 First Street West, Mount Vernon, IA, 52314
  • "Mount Vernon Bank & Trust Company adheres to these values by providing personal and business banking customers the banking services they need with the quality service they deserve. Because Mount Vernon Bank & Trust Company works locally, financial decisions, large and small, can be made quickly to improve your banking experience. Mount Vernon
  • Bridge Community Bank
  • 302 Hwy 1 SE, Mount Vernon, IA, 52314
  • Community Bank with locations in Mechanicsville, Mount Vernon & Solon Iowa. Bridge Community Bank is happy to help you with all your banking needs, from deposit accounts, IRA, CDs, business products, commercial & personal loans, mortgage loans, to our BCB Investment Services. Along with banking business,
  • Citizens State Bank
  • 117 West First Street, Monticello, IA, 52310
  • Citizens State Bank, with assets over $400 million, is one of the largest financial institutions in the state of Iowa. We operate seven banking offices & 12 ATMs in four Iowa counties. Citizens State Bank provides a full line of banking, brokerage, insurance, investment, mortgage, income, trust & payment service products to consumers & businesses.
  • Citizens State Bank of Lena
  • 102 W. Main Street, Lena, IL, 61048
  • At Citizens State Bank, we are committed to being your full service, independent, locally-owned community bank. Our customers rely on our expertise, professional staff and diverse products and services, many of which can be customized to suit your specific needs. All business decisions are made locally by people who live and work where you do.
  • Apple River State Bank
  • 103 North Main Street, Apple River, IL, 61001
  • Apple River State Bank and our First Community Bank branch for your banking needs. As a community bank we provide a wide variety of financial services but delivered in a personalized manner only small banks can offer. Apple River State Bank was chartered in 1948 and opened in Apple River, Illinois which still remains a locally owned finan
  • Danville State Savings Bank
  • 109 North Main Street, Danville, IA, 52623
  • Danville State Savings Bank is a community institution with a legacy of strong and steady relationships. We look back at our history to help you move forward. Today’s customer requires access to account information after regular business hours — and from wherever she or he happens to be at the time. Your bank is ready to meet this demand.
  • GreenState Credit Union
  • 2355 Landon Rd, North Liberty, IA, 52317
  • GreenState Credit Union is a member owned financial cooperative with 18 office locations. GreenState has grown to over $5.5 billion in assets and 200, 000 members. Membership is open to anyone living or working in Iowa and 4 Illinois Counties, as well as direct relatives of current members and University of Iowa students, staff, and alumni.