FHA VS Conventional loan in Mount-Carmel, Wabash County, Illinois
In 2025, the conventional loan limit available in Mount-Carmel, within the county of Wabash, IL, is set at $647,200. Meanwhile, for FHA loans, the limit is determined at $420,680 for a house designed as a single-family home.
The Lendersa® Conventional loan calculator is a great tool to compare the best available rates for Conventional, FHA, and USDA loans currently offered. It helps you accurately understand the income, credit, reserves, and necessary documents required to qualify for these loans. With our advanced mortgage calculator, you see Conforming Conventional loans alongside USDA, FHA, and VA loans, providing you with a clear comparison to determine which program in IL best suits your financial circumstances.
Loan limits for 2025, including downpayment requirements, 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%
This comparison table is applicable to the following zip codes: 62863
Explore Conventional and FHA loan options available in Mount-Carmel, IL
The primary goal of Lendersa® is to swiftly provide you with the most suitable Conventional, USDA, or FHA loans effortlessly and without any hassle. You can choose from three different pathways as starting points that will guide you towards matching lenders and appropriate loan programs that satisfy your needs.
At Bank of Halls, our highest priority is the health of our customers, employees, and communities. While we know there are rising concerns surrounding COVID-19, we are monitoring the situation closely with local healthcare experts, the Centers for Disease Control and Prevention (“CDC”), World Health Organization (“WHO”), and Tennessee Bankers.
For 150 years, Farmers State Bank has supported Elmwood and the surrounding areas. From the first location in H.P. Tracy’s dry goods store to our current site on East Main Street, we have always been focused on community.
When you choose to bank with us at Farmers State, you are choosing to bank with real people with real expertise
8150 Corporate Park Dr, Suite 200, Cincinnati, OH, 45242
We will treat you with the respect due an esteemed customer and give you the personal service you deserve. We understand the big commitment you are making in buying a home, refinancing a mortgage, or cashing out your home equity. So we make a commitment to you: we will help you qualify, apply and be approved for the ideal mortgage for you.
4520 Cooper Road, Suite 301, Cincinnati, OH, 45242
McKinley Mortgage was founded in 1997 as the vision of its owner Paul V. Luck III. The company is named after the late President McKinley.
We are here to help our goal at McKinley Mortgage is to try and put you in a better financial position than you are now. After the loan process McKinley Mortgage has been servicing Ohio and Kentucky since 1997
4555 Lake Forest Drive, Suite 450, Cincinnati, OH, 45242
River City Mortgage is a full service direct mortgage lender offering an easy, customized experience for each client. In the beginning, they grew steadily by staying abreast of daily market trends and partnering with lenders in neighboring states to service clients in the Tristate area.
In 1931, a group of seventy-five farmers in Wabash County, Indiana joined together to form their own financial cooperative. This group of leaders' simple vision was to provide savings and dependable loan programs, particularly to farmers, in the area. Beacon Credit Union has remained a leader in serving the agricultural community.
Blue Grass Federal Savings and Loan has served Bourbon County and the surrounding area since 1959. As a mutual thrift, Blue Grass Federal is owned by those we serve. Our goal is, and has always been, to meet the financial needs of our customers by maintaining a staff of knowledgeable, friendly employees.
Sharefax was founded by Ford Motor Company employees of Cincinnati, Ohio in 1960. Named in honor of the Sharonville Ford plant and the Fairfax (no longer in operation) Ford plant, Sharefax was born! As the years have passed, we have grown to serve over 32, 000 members from twelve counties.
