FHA VS Conventional loan programs in 2026 for Nokomis, Montgomery County, Illinois

In 2026, the Conventional loan limit for Nokomis, situated in Montgomery, IL, is $726,200. Meanwhile, the FHA limit for a single-family home is $472,030.

Utilize Lendersa® Conventional loan calculator to compare the current best rates for Conventional, FHA, and USDA loans. Determine necessary income, credit details, reserves, and qualification documents. With our advanced mortgage calculator, view Conforming Conventional loans, USDA, FHA, and VA options side-by-side to decide which program in IL best suits your financial circumstances.

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2026 Loan Limits and Down Payment Information in Nokomis, Montgomery, 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 zip codes: 62075

Conventional and FHA Loan Options in Nokomis, IL

Lendersa® is committed to obtaining the best available Conventional, USDA, or FHA loan for you quickly and hassle-free. Choose from three starting points that connect you with matching lenders and programs.

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Nokomis Lenders

  • First National Bank of Nokomis
  • 122 W. State St., Nokomis, IL, 62075
  • Lends in Illinois
  • First National Bank of Nokomis has been awarded five-star rating (the highest award given) by Bauer Financial Reports, Inc., since they started their bank-rating service in 1989. We've also received "A" ratings from Sheshunoff Information Service, Inc., a national bank rating service

  • Bank of Hillsboro
  • 230 S Main St, Hillsboro, IL, 62049
  • Lends in Illinois
  • Bank of Hillsboro, previously known as, National Bank, is headquartered in Hillsboro, Illinois with 11 branches serving South Central Illinois. Bank of Hillsboro is locally owned by and operated. We believe our local ownership provides valuable Insight into the needs of our communities.

  • The First National Bank of Raymond
  • 403 East Broad, Raymond, IL, 62560
  • Lends in Illinois
  • Our success is no secret. Since our founding in 1903, the First National Bank of Raymond has dedicated itself to our customers and communities. Below you will find important milestones in our history that have led to our hundreds of years of total combined experience and commitment to excellence in all five of our locations.

  • Midland Community Bank
  • 112 Market Street, Kincaid, IL, 62540
  • Lends in Illinois
  • Midland Community Bank is a full-service community bank serving the residents of Christian and Sangamon Counties. Some of the communities served are Kincaid, Tovey, Bulpitt, Taylorville, Edinburg, Pawnee and Springfield.

    In 1966, a group of local businessmen and residents began the process to organize a community bank to serve the Midland area

  • Community Banks of Shelby County
  • 126 North Grand Ave, Cowden, IL, 62422
  • Lends in Illinois
  • At Community Banks of Shelby County, our industry leading consumer and business credit card products offer competitive pricing combined with a full range of reward options - making it easy to select and apply for the card that meets your needs. At COMMUNITY BANKS OF SHELBY COUNTY our Focus is You.

  • LITCHFIELD NATIONAL BANK
  • 316 N. State St., Litchfield, IL, 62056
  • Lends in Illinois
  • Litchfield National Bank was organized in 1907 originally as a state bank known as First State & Savings Bank. On September 19, 1911, it was converted to a National Banking Association. Former bank presidents include M.M. Morrison, T.T. Lackey, Herb Herrick, Charles McBride and Leighton Wesley Cline.

  • First State Bank of Beecher City
  • 101 South Charles Street, Beecher City, IL, 62414
  • Lends in Illinois
  • First State Bank of Beecher City has been providing personal service to its friends and neighbors.

    Beginning as a private institution, P.R. Phillips & Co, Bankers of Beecher City started in 1907. Later in 1910, The First State Bank of Beecher City was incorporated with 14 original stockholders and began construction of a new building.

  • First Federal Savings and Loan Association of Central Illinois
  • 200 N Morgan Street, Shelbyville, IL, 62565
  • Lends in Illinois
  • First Federal Savings & Loan Association of Central Illinois is the result of the merger of First Federal Savings & Loan Association of Shelbyville and Charleston Federal Savings & Loan. Both institutions were originally formed under state charters as cooperative home financing organizations to provide a safe place for their members.

  • The First National Bank of Brownstown
  • 108 E. Main Street, Brownstown, IL, 62418
  • Lends in Illinois
  • The First National Bank of Brownstown was founded in 1913 to provide smart banking products and services to a growing agricultural community. Over 100 years and generations later, the bank remains locally owned and operated with a focus on community. Visit the bank for all your banking needs including checking, savings, personal loans.