FHA VS Conventional loan in Litchfield, Montgomery County, Illinois
In 2025, the conventional loan limit in Litchfield, situated in Montgomery, IL, is set at $726,200. Meanwhile, the FHA limit for a single-family home has been established at $472,030, providing a robust option for homebuyers.
The Lendersa® Conventional loan calculator is designed to enable users to evaluate today's top rates among Conventional, FHA, and USDA loans. This cutting-edge calculator reveals the necessary income, credit scores, reserves, and documents to facilitate smooth qualification. With the advanced mortgage calculator, you can view Conforming Conventional loans alongside USDA, FHA, and VA options together, helping you confidently choose the best program in IL tailored to your financial circumstances.
Comprehensive Overview of 2025 Loan Limits and Down Payment Criteria in Litchfield, Part of Montgomery County, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA Rural Development Loan
$336,500
0%
FHA Insured Loan
$472,030
3.5%
This table is pertinent to the following zip codes: 62056, 62015
Navigating Conventional and FHA Loan Opportunities in Litchfield, IL
At Lendersa®, the aim is to quickly and effectively provide access to the most advantageous Conventional, USDA, or FHA loans, ensuring a hassle-free experience. You can choose from three distinct starting points, designed to align you with matching lenders and suitable loan programs efficiently.
The Bank of Steinauer was established in 1888, but was not expected to transact much business. However, it soon became an essential part of the community, and needed to be properly organized and equipped with experienced help. Because of his advanced age, Joseph put his son, John, in charge of the bank as cashier.
BMI Federal Credit Union is a not-for-profit financial cooperative owned by its members. The mission of BMI FCU is to improve the financial lives of our members. We provide high quality financial services and products that are competitive, convenient, and responsive to member needs.
At First Alliance Credit Union, we place our members' (and future members) needs first by providing compassion, guidance, and resources to promote their financial well-being. At First Alliance Credit Union, we want to be the trusted partner of choice for the financial success of our members and the communities we serve.
Dynamic Mortgage Concepts, Inc is a lender who works for you! Whether you are looking to prequalify to purchase a home, refinance your existing loan, or complete a construction loan, we have products to fit your needs! We offer A-F credit loans, and have access to several national lenders to place your loan with.
Ohio HealthCare was chartered in 1973, to serve the financial needs of Riverside Methodist Hospital employees in Columbus. For years, the credit union operated out of a small office in the basement of the hospital. Eventually, RMH evolved into OhioHealth and also incorporated Grant Medical Center.
6371 Riverside Drive, Suite 1600, Dublin, OH, 43017
Our emphasis on people, pricing, process and product, has created a customer experience second to none in the mortgage industry. In many cases we have closed loans in 10 days or less. With First National Bancorp you can do an entire mortgage from application to closing without leaving your family room.
Quick App Mortgage LLC Based in Dublin, Ohio and with origination experience of over 1000 loans, we know what programs are best suited for our clients. We are familiar with virtually all home loan types from FHA to Conforming and VA to Jumbo.Conventional 1st Time Home Buyer, Fannie Mae – as little as 3% down and more.
Stratton Mortgage, LLC full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan.
PFCU is a credit union located in West/Central Michigan dedicated to improving our members’ lives.With assets of over $690 million, more than 52, 000 members and 12 branches, PFCU provides every type of financial service our members require. From loans to credit cards to business banking solutions, members trust PFCU to provide financial service.
