FHA VS Conventional loan programs in Madison, Madison County, Illinois
In 2026, the limit for Conventional loans in Madison, county of Madison, IL is set at $726,200, while the FHA limit for a single-family home is $472,030.
Leverage the Lendersa® Conventional loan calculator to compare today's top rates for Conventional, FHA, and USDA loans. Determine the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator presents Conforming Conventional loans, USDA, FHA, and VA options side by side, helping you choose the best program in IL for your financial situation.
2026 Loan Limits and Down Payment Requirements in Madison, Madison County, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This table applies to the following zip codes: 62040
Conventional and FHA Loan Options in Madison, IL
Lendersa® is committed to quickly securing the best possible Conventional, USDA, or FHA loan for you, without hassle. Choose one of three starting paths to connect with matching lenders and loan programs.
Founded in 1941 as a source of loans and basic savings products, GCS Credit Union has always focused on the member. Through the years, that philosophy has served us well, helping us grow from a single office in Granite City to a full-service financial institution serving the following Illinois counties: Sangamon, Logan,
Qualify 4 mortgage common Types of Mortgage to help you determine which loan would be best for you. You should consult with Dave Anderson to determine which type of mortgage is best suited for your individual circumstance. We specialize in these loans FHA Mortgage, VA Mortgage, Conventional Loan and more.
Midwest Members Credit Union has been serving our membership since 1935. . With our recent expansion, now people in 10 Illinois Counties are eligible for the benefits of being a member of Midwest Members Credit Union. Great savings and loan rates, most recent banking technology, mobile and online banking, and service to our communities
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