FHA VS Conventional loan in Olney, Richland County, Illinois
For 2026, in Olney, within Richland county, IL, the conventional loan limit is $726,200. Meanwhile, the FHA loan limit for a single-family home is $472,030.
Try the Lendersa® Conventional loan calculator to compare current rates: Conventional Vs. FHA Vs. USDA, and find out what income, credit, reserves, and documentation you need to qualify. Our advanced mortgage calculator allows you to see Conforming Conventional, USDA, FHA, and VA loans side-by-side, assisting in choosing the best program in IL for your needs.
2026 Loan Limits and Down Payment Requirements in Olney, Richland, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
Note: These comparisons apply to zip codes: 62450
Options for Conventional and FHA Loans in Olney, IL
The aim of Lendersa® is to secure the best Conventional, USDA, or FHA loans for you swiftly and with ease. Start with one of three options to line up with prospective lenders and loan programs.
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Our Banking Team understands the value that local ownership brings to the community. We support community organizations, partner with projects, and remain sensitive to community needs. At Flora Savings Bank, you will receive the "personal touch" that is missing in many financial institutions.
In 1977, a group of area business people noticed that Flora, Illinois had limited choices when it came to financial institutions. These business leaders from Flora and the surrounding communities came together and, on January 19, 1978, Flora Bank & Trust opened for business in a temporary banking facility located at 1010 West North Avenue in Flora.
We are a community bank, with community values. Our employees are your friends and neighbors, which is why we are so passionate about helping our customers and the communities we serve. Live for Today. Bank for Tomorrow. We’ve served the people of Illinois for over 100 years. Now, the good people of Edwardsville are also in those ranks!
Since our inception on October 4th 1913, Teutopolis State Bank has been a fixture on Main Street in Teutopolis, Illinois. Over the years, we have helped local businesses, individuals, and families develop, grow, and sustain prosperity through our wide range of financial services.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2021, the Company had total assets of approximately $7.09 billion, and its Wealth Management Group had assets under administration of approximately $4.06 billion.
"Preferred Bank is a branch office of Preferred Bank. They provide the following services: Full Service Office Location and are located at 602 North Route 49 in Casey Illinois. Mobile and traditional directions to this location can be found below along with ratings, lobby hours, their phone number and additional banking information."
First Bank, an entity of Southern Illinois Bancorp, Inc. headquartered in Carmi, Illinois, has been serving businesses and families in Southeast Illinois and Southwest Indiana since 1893. We represent a return to the old-fashioned way of banking, where the staff knew everyone by name and treated you like a person instead of a number.
Established in 1910 we are a community bank located in Southern Illinois, locally owned and managed by people you can trust. The luka State Bank offers the integrity and stability of a Five Star rated financial institution — the highest rating awarded by Bauer Financial Rating Service and proof that we rank among the strongest banks in the country.
