FHA VS Conventional loan programs in Fairfield, Wayne County, Illinois

In the year 2026, the upper limit for Conventional loans in Fairfield, within the county of Wayne, IL, is $726,200. Meanwhile, the FHA loan limit for a single-family home is $472,030.

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Comparison of loan calculators

Utilize the Lendersa® Conventional loan calculator to compare today's best rates across Conventional, FHA, and USDA loans. Determine the required income, credit score, reserves, and documents needed to qualify with our advanced mortgage calculator. It provides a side-by-side view of Conforming Conventional, USDA, FHA, and VA loans, helping you choose the optimal program in IL for your financial needs.

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Loan Limits and Down Payment Requirements for 2026 in Fairfield, Wayne County, IL

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

This comparison chart applies to the following ZIP codes: 62837

Available Loan Options for Conventional and FHA in Fairfield, IL

Lendersa® aims to ensure you obtain the best possible loan option, whether it's Conventional, USDA, or FHA, quickly and with minimal hassle. Begin by selecting one of the three pathways to connect with suitable lenders and loan programs.

  1. Complete optimization request for Conventional/USDA/FHA loans
  2. Discover terms for Conventional, USDA, and FHA rates first
  3. Browse the largest Conventional lender database
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  • Daviess County Teachers Federal Credit Union
  • 1900 Southeastern Parkway, Owensboro, KY, 42303

  • The Daviess County Teachers Federal Credit Union is a not-for-profit financial cooperative which was chartered in 1971 and established to serve the employees of Daviess County Public Schools and their families. What began as a small organization has now grown into a full service financial institution.

  • Elite Mortgage
  • 3943 Hwy 54, Owensboro, KY, 42303

  • 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.

  • Catholic & Community Credit Union
  • 1109 Hartman Lane, Shiloh, IL, 62221

  • Catholic & Community Credit Union to focus solely on serving our members and to provide the best possible loan and saving rates in a friendly and professional manner.Each member of this organization is an owner, and the money contributed to credit union accounts helps to support all members and their financial goals. Because of this cooperative.

  • Miner Capital Funding LLC
  • 3419 Caton Run Crossing, Belleville, IL, 62221

  • Miner Capital Funding has stepped its foot on the financial industry in 2006, This company is designed to simplify the financing experience for you. With the CEO’s extensive 11 years of experience in the commercial real estate business and our streamlined process and competitive rates, we make buying or refinancing a commercial property easy.

  • Peoples Bank of Altenburg
  • 8537 Main St, Altenburg, MO, 63732

  • Peoples Bank of Altenburg is here to provide the banking services you need. Serving the communities of Altenburg and Jackson, as well as the surrounding areas, we know the important role community banks play in making communities successful, and we take our role very seriously. We live and work in these communities, and provide the banking services

  • Bank of O'Fallon
  • 901 S. Lincoln Ave., O Fallon, IL, 62269

  • The Bank of O’Fallon has been proudly serving the needs of O’Fallon, Shiloh and the surrounding areas since 1959. It stands as one of the oldest businesses in O’Fallon and is committed to the future of the metro east as the area continues to grow. Please stop in today or give us a call to see what we can do for you.

  • Delmar Mortgage
  • 1405 N. Green Mount Rd, Suite 250, O Fallon, IL, 62269

  • Delmar Financial Company is a full-service mortgage company helping new and experienced buyers find their dream homes. Delmar Financial offers a wide range of mortgage products that allow us to fit the best loan to the specific needs of each client. Our products range from conventional, Jumbo, FHA, VA, and more.

  • First Community Bank of Moultrie County
  • 1 South Main Street, Sullivan, IL, 61951

  • The First Community Bank Of Moultrie is a branch office of The First Community Bank Of Moultrie County. They provide the following services: Full Service Office Location and are located at 1 South Main Street in Sullivan Illinois.
    Mobile and traditional directions to this location can be found below along with ratings

  • First United Bank and Trust Company
  • 162 North Main Street, Madisonville, KY, 42431

  • First United Bank and Trust Company is a real community bank, formed in 1996 to fill a need for traditional, personal banking in the area. Today, even though we’ve grown, our roots remain in community banking. Our focus is to support the communities we serve with the best possible products and services.

  • Labor Management Federal Credit Union
  • 8225 US Highway 60 W, Lewisport, KY, 42351

  • Labor Management FCU was chartered on December 18, 1974. The membership was chartered for Employees of Harvey Aluminum. Harvey Aluminum later became Martin Marietta, Commonwealth Aluminum & is known today as Aleris Aluminum. Today Aleris Aluminum employees 1000+ employs and is a global leader in the manufacture and sale of aluminum rolled products.

  • Bank of Belleville
  • 215 South Illinois St, Belleville, IL, 62220

  • We are invested in making the communities we serve stronger and providing the best experience for our clients. “Smaller Bank, Bigger Service, Stronger Community” is not just a tagline; it’s a promise. Our commitment to client and community service is at the forefront of everything we do.

  • SUPERIOR HOME LOANS LLC
  • 301 West A Street, Belleville, IL, 62220

  • 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
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