FHA VS Conventional loan programs in Mount-Carmel, Wabash County, Illinois

In 2025, Convetional loan limit in Mount-Carmel, county of Wabash, IL is $647,200 while FHA limit is $420,680 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in IL is best for your particular financial situation.

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2025 loan limits and downpayment requirments in Mount-Carmel, county of Wabash, IL

Loan Type Loan Limit Down payment
Conventional Conforming $647,200 3%
USDA $285,000 0%
FHA $420,680 3.5%

The comparison table applies to zip codes: 62863

Conventional and FHA loan options in Mount-Carmel, IL

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • Wool Finance Partners, LLC
  • 1121 Lake Cook Road, Suite L, Deerfield, IL, 60015
  • Wool Finance Partners, LLC is active in the placement of debt and equity for institutional quality office, retail, industrial, healthcare, hospitality and multifamily properties. Our approach is relationship-oriented, seeking to build upon an impressive client base of developers and lenders.
  • Prism Mortgage
  • 770 Lake Cook Road, Suite 145, Deerfield, IL, 60015
  • Prism Mortgage has 30 years of experience in the residential and commercial real-estate industry. Prism Mortgage LLC, Chicago's leading group of financial advisors here to serve your entire mortgage lending needs. Strict, new federal and state regulations have imposed dramatic changes upon the mortgage lending process.
  • Cambridge Lending Group Inc
  • 1020 Milwaukee Avenue, Suite 232, Deerfield, IL, 60015
  • Cambridge Lending Group has established itself as a trusted resource and respected mortgage leader in the Chicago’s North Shore community. we have helped thousands of clients find the optimal mortgage plan tailored to their needs, and provided successful solutions for those who have previously been turned down by other lenders.
  • Infiniti Financial Group Inc
  • 1020 Milwaukee Avenue, Suite 230, Deerfield, IL, 60015
  • Our mortgage brokers know what they’re doing. They use the latest comparative analysis software which allows them to research and compare various loan programs to find the best option to meet your needs. We take pride in treating our clients with honesty and integrity. We have many very happy costumers.
  • Chuck Sorensen, Mortgage Loan Originator
  • 4301 East 53rd Street, Davenport, IA, 52807
  • American Bank and Trust Company, began as a neighborhood bank on the Hilltop in Rock Island, Illinois. It began with a simple idea – that customers should receive the same kind of friendly and personalized service we would appreciate ourselves. 46 years later, this simple philosophy has helped us grow to become a $375 million.
  • MidTown Mortgage Company
  • 500 Providence Main St, Suite 2, Huntsville, AL, 35806
  • We know that each customer has specific needs and we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving you the mortgage information, loan options and convenient assistance you're looking for. With a variety of loan programs & we will find the loan that best suits your needs.
  • The Hicksville Bank
  • 144 E. High Street, Hicksville, OH, 43526
  • Shortly after the turn of the century, prominent citizens of Hicksville saw the need for a bank for the community. Upon application, a charter was granted to Mr. J.M. Ainsworth, Mr. I.M. Boone, and Mr. J.L. Bevington. The bank was organized under "The Hicksville National Bank" in October of 1901.
  • Bank of Salem
  • 207 West Church St, Salem, AR, 72576
  • Bank of Salem was organized and incorporated in December 1908 with stockholders: B.H. Castleberry, Rex Castleberry, J.L. Short, Harry Pickren, George T. Humphries, H.J. (Race) Humphries, C.W. Dixon, J.A. Sigler, and J.A. Watson. Since 1908, the following people have served as president of the bank: B.H. Castleberry (1908-1919)