FHA VS Conventional loan programs in 2026 for Hillsboro, Montgomery County, Illinois

In 2026, the conventional loan ceiling in Hillsboro, located in the county of Montgomery, IL, is $726,200. For a single-family home, the FHA loan limit is $472,030.

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Lendersa® offers a Conventional loan calculator to evaluate today's top rates across Conventional, FHA, and USDA options. Determine the necessary income, credit, reserves, and documents with ease. Our advanced mortgage calculator displays Conforming Conventional, USDA, FHA, and VA loans side by side, guiding you to the best program for your financial needs in IL.

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2026 Loan Limits and Down Payment Requirements in Hillsboro, Montgomery County, IL

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

The table applies to the zip codes: 62049

Exploring Conventional and FHA Loan Options in Hillsboro, IL

The mission of Lendersa® is to quickly secure you the most favorable Conventional, USDA, or FHA loan with ease. You can start with one of three pathways that lead you to suitable lenders and loan programs.

  1. Start with an all-encompassing request for Conventional/USDA/FHA loan optimization
  2. Investigate Conventional, USDA, and FHA terms & rates ahead of others
  3. Browse the extensive directory of Conventional lenders
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Hillsboro Lenders


  • Bank of Hillsboro
  • 230 S Main St, Hillsboro, IL, 62049
  • Lends in Illinois

  • Bank of Hillsboro, previously known as, National Bank, is headquartered in Hillsboro, Illinois with 11 branches serving South Central Illinois. Bank of Hillsboro is locally owned by and operated. We believe our local ownership provides valuable Insight into the needs of our communities.

  • LITCHFIELD NATIONAL BANK
  • 316 N. State St., Litchfield, IL, 62056
  • Lends in Illinois

  • Litchfield National Bank was organized in 1907 originally as a state bank known as First State & Savings Bank. On September 19, 1911, it was converted to a National Banking Association. Former bank presidents include M.M. Morrison, T.T. Lackey, Herb Herrick, Charles McBride and Leighton Wesley Cline.

  • The First National Bank of Raymond
  • 403 East Broad, Raymond, IL, 62560
  • Lends in Illinois

  • Our success is no secret. Since our founding in 1903, the First National Bank of Raymond has dedicated itself to our customers and communities. Below you will find important milestones in our history that have led to our hundreds of years of total combined experience and commitment to excellence in all five of our locations.

  • First National Bank of Nokomis
  • 122 W. State St., Nokomis, IL, 62075
  • Lends in Illinois

  • First National Bank of Nokomis has been awarded five-star rating (the highest award given) by Bauer Financial Reports, Inc., since they started their bank-rating service in 1989. We've also received "A" ratings from Sheshunoff Information Service, Inc., a national bank rating service

  • CNB Bank & Trust
  • 450 W. Side Square, Carlinville, IL, 62626
  • Lends in Illinois

  • Our roots go back to the mid-nineteenth century with the founding of a bank in Carrollton, IL, in 1854. Prior to July of 2011 CNB Bank & Trust, N.A. operated as 4 individual sister banks under the Carlinville National Bank Shares, Inc. Holding Company; Carlinville National Bank, Citizens State Bank, Palmer Bank, and Cornerstone Bank & Trust, N.A.

  • The FNB Community Bank
  • 432 W. Gallatin St., Vandalia, IL, 62471
  • Lends in Illinois

  • The FNB Community Bank, a financially strong, independent community bank, serves individuals and businesses with a full range of banking, investing, asset management and other financial and risk management products and services. The FNB Community Bank is Hometown People with Hometown Spirit, supporting local organizations, events, and causes.

  • The First National Bank of Brownstown
  • 108 E. Main Street, Brownstown, IL, 62418
  • Lends in Illinois

  • The First National Bank of Brownstown was founded in 1913 to provide smart banking products and services to a growing agricultural community. Over 100 years and generations later, the bank remains locally owned and operated with a focus on community. Visit the bank for all your banking needs including checking, savings, personal loans.

  • Community Banks of Shelby County
  • 126 North Grand Ave, Cowden, IL, 62422
  • Lends in Illinois

  • At Community Banks of Shelby County, our industry leading consumer and business credit card products offer competitive pricing combined with a full range of reward options - making it easy to select and apply for the card that meets your needs. At COMMUNITY BANKS OF SHELBY COUNTY our Focus is You.

  • Midland Community Bank
  • 112 Market Street, Kincaid, IL, 62540
  • Lends in Illinois

  • Midland Community Bank is a full-service community bank serving the residents of Christian and Sangamon Counties. Some of the communities served are Kincaid, Tovey, Bulpitt, Taylorville, Edinburg, Pawnee and Springfield.

    In 1966, a group of local businessmen and residents began the process to organize a community bank to serve the Midland area
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