Explore the differences! FHA VS Conventional loan programs in Granite-City, Madison County, Illinois
In 2025, the Conventional loan limit in Granite-City, under Madison county, IL, is set at $647,200, while for an FHA loan applicable to single-family homes, the limit is $420,680.
Use our Lendersa® Conventional loan calculator to assess today's leading rates for Conventional, FHA, and USDA loans. Identify the needed income, credit, reserves, and documents for qualification. Our advanced mortgage calculator offers side-by-side comparisons of Conforming Conventional, USDA, FHA, and VA loans, helping you choose the best program in IL that meets your financial requirements.
2025 Loan Ceilings and Down Payment Needs in Granite-City, Madison, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$647,200
3%
USDA
$285,000
0%
FHA
$420,680
3.5%
This table applies to the following zip codes: 62048, 62040
Available Conventional and FHA Loan Options in Granite-City, IL
The goal at Lendersa® is to secure the best possible Conventional, USDA, or FHA loans quickly and hassle-free. Choose from one of three starting methods to align with lenders and find the loan programs that suit your needs.
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