FHA VS Conventional loan in Mattoon, Coles County, Illinois

For 2025, the maximum conventional loan limit in Mattoon, located in the county of Coles, IL, is $726,200. The FHA limit for a single-family residence is $472,030.

Utilize the Lendersa® Conventional loan calculator to evaluate today's top rates between Conventional, FHA, and USDA loans. Determine the required income, credit, reserves, and documents to qualify. By using our enhanced mortgage calculator, you can compare Conforming Conventional loans, USDA, FHA, and VA options side by side, providing clarity on which program in IL best suits your financial requirements.

Examine loan offers from a comprehensive list of 100 lenders

2025 Loan Limits and Down Payment Requirements in Mattoon, Coles County, IL

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

The comparison table is applicable for the following zip codes: 61938

Conventional and FHA Loan Options in Mattoon, IL

Lendersa® is dedicated to swiftly obtaining the optimal Conventional, USDA, or FHA loan for you without complication. Start by choosing from three potential paths that lead to matched lenders and suitable loan programs.

Lendersa USDA loan request and matched results


  • Lendexa Mortgage LLC
  • 227 W 4th Street, Office 123, Charlotte, NC, 28202
  • Lendexa Mortgage LLC is a Mortgage Broker and not empowered to lend. All loans are arranged through third party lenders. LENDEXA MORTGAGE LLC is in the Mortgage Bankers and Loan Correspondents industry in Charlotte, North Carolina. This company currently has approximately 1 to 5 employees.
  • Skyward Credit Union
  • 4 Cessna Boulevard, Wichita, KS, 67215
  • Skyward Credit Union was chartered on July 16, 1941, as a not-for-profit corporation under Kansas State law, to accept savings and make loans for those who qualify for membership. Credit unions are regulated by the Kansas State Department of Credit Unions and the National Credit Union Association (NCUA).
  • Northern State Bank
  • 321 Main St W, Ashland, WI, 54806
  • Northern State Bank has been serving the needs of our communities for over 85 years. The bank’s original charter incorporated the Marengo State Bank in 1920. In 1933 the articles of incorporation were amended, changing the name to Northern State Bank, and the main office was moved to Ashland.
  • Real Estate Funding
  • 8421 Crossland Loop, Montgomery, AL, 36117
  • The Real Estate Funding team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • Mullinix Mortgage Group
  • 2108 South Blvd, Suite 214, Charlotte, NC, 28203
  • Mullinix Mortgage Group is a trusted local lender, backed by an independent mortgage company with more than 20 years in the industry. Founded by one of The Carolina’s top mortgage professionals, Will Mullinix, Mullinix Mortgage Group has established itself as a leader in the industry
  • Peak Financial Group Inc
  • 2125 Southend Drive, Unit 451, Charlotte, NC, 28203
  • Peak Financial Group, Inc. is a family-owned mortgage business, licensed in NC and SC, located in Historic Southend, Charlotte. The business opened its doors in September 2011 and also Peak specializes in industry knowledge/expertise, personalized customer service, low interest rates, competitive pricing, and diverse loan programs.
  • Eagle Financial Services Inc
  • 2923 South Tryon Street, Suite 220, Charlotte, NC, 28203
  • At Eagle Financial Services Inc. we strive to make you a client for life. We want to be your first choice each and every time you need a home loan. We always try to go above and beyond for you so that you will always feel confident referring your family and friends to us for their mortgage financing needs
  • Oak Capital Mortgage LLC
  • 307 West Tremont Avenue, Suite 200, Charlotte, NC, 28203
  • Oak Capital Mortgage is focused on providing our clients with exactly the right mortgage for their needs. We are able to achieve that for our clients because we are an independent mortgage company that works with multiple lenders. We are able to shop around for you and find the best priced options available.
  • Bridgewater Capital Inc
  • 2108 South Boulevard, Suite 209, Charlotte, NC, 28203
  • Bridgewater Capital we take pride in our great customer service. Our staff is here for you, so don’t hesitate to contact us if you have any questions, problems or maybe a suggestion. We would love to hear from you and We make sure our clients get the best support from our staff walk you through the whole mortgage process
  • DHL Mortgage
  • 529 W Summit Ave, Suite 2A, Charlotte, NC, 28203
  • At DHL Mortgage, formerly known as Direct Home Loans, our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
  • Cardinal Financial Company
  • 3701 Arco Corporate Drive, Suite 200, Charlotte, NC, 28273
  • When we started Cardinal Financial, we set out with the intention of creating a better mortgage experience. We wanted to reimagine and modernize the way home loans are obtained by bringing increased transparency, simplicity, and speed into an industry that has oftentimes lacked all three.
  • Bankfirst Nebraska
  • 100 North 13th Street, Norfolk, NE, 68701
  • We are a locally owned, full service bank based in Norfolk, Nebraska with locally managed branches across Nebraska and Iowa. We have been serving our communities for over 50 years. BankFirst is the local bank you can trust. With 12 locations spread across Nebraska and Iowa, we are invested in the communities we serve.