Explore the differences! FHA VS Conventional loan programs in Peoria, Peoria County, Illinois

In the year 2025, the conventional loan limit in Peoria, within Peoria county, IL, is $726,200. In contrast, for a single-family home, the FHA limit is $472,030.

Take advantage of the Lendersa® Conventional loan calculator to evaluate today's leading rates among Conventional, FHA, and USDA loans. This tool helps you understand the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator presents Conforming Conventional, USDA, FHA, and VA loans side by side, assisting you in choosing the best program for your financial scenario in IL.

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Loan limits and down payment requirements for 2025 in Peoria, Peoria, IL

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

This comparison table applies to zip codes: 61625, 61606, 61615, 61614, 61605, 61602, 61603, 61604, 61601, 61613, 61629, 61630, 61634, 61636, 61637, 61638, 61639, 61643, 61651, 61652, 61653, 61654, 61655, 61656

Options for Conventional and FHA loans in Peoria, IL

The aim of Lendersa® is to swiftly provide you with the best possible Conventional, USDA, or FHA loan with minimal hassle. Choose one of three starting points that lead to matching lenders and loan programs.

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  • House of Professionals Inc
  • 14363 Torrey Chase, Suite F-1, Houston, TX, 77014
  • We have been in the real estate/mortgage industry for 33 years. I can help direct you on the best plan for you with your current financial status mixed with your future plans. We offer different financial solutions and sometimes can even help you if you were turned down from a different company. Don't go home shopping without knowing.
  • Spencer Savings Bank
  • 611 River Drive, Elmwood Park, NJ, 07407
  • Spencer Savings Bank is a leading New Jersey-based community bank headquartered in Elmwood Park, N.J. For over 100 years, we have been serving our local communities with integrity and pride. Roots matter, because they mean experience. They mean real insight into what makes our communities strong.
  • Porch Light Mortgage
  • 45 N. Broad Street, Ridgewood, NJ, 07450
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
  • Hudson Home Mortgage LLC
  • 171 East Ridgewood Ave, Suite 204, Ridgewood, NJ, 07450
  • In 2001, after working for two local mortgage companies Nick Emanuel decided to go out on his own and open Hudson Home Mortgage. Nick had one thing in mind, to be able to offer my clients the best possible rates and programs combined with the best possible service. Hudson Home Mortgage is your local mortgage source.
  • BIRCH MORTGAGE LLC
  • 45 N Broad Street, Ridgewood, NJ, 07450
  • Birch Mortgage LLC Provides Mortgage, Home Loans, Home Financing, Re-Finance, Home Purchase, Jumbo Mortgage, Lender, Real Estate And Financing To The Ridgewood, NJ Area. Protecting your private information is our priority. This Statement of Privacy applies to the www.birchmortgage.com and Birch Mortgage LLC and governs data collection and usage.
  • 1st Liberty Lending
  • 1215 Reserve Drive, Longmont, CO, 80504
  • 1st Liberty Lending, we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly. Also, the big banks have a limited number of lending options available.
  • Fidelity Home Mortgage LLC
  • 1906 Kristy Court, Longmont, CO, 80504
  • Fidelity Home Mortgage, LLC, 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 and your family from the many mortgage options.
  • Option 1 Mortgage
  • 2274 Tyrrhenian Circle, Longmont, CO, 80504
  • Option 1 Mortgage was started with the sole purpose of helping clients have a stress free mortgage experience. Here's our business model: Give our clients such an amazing experience, so they refer everyone they know to Option 1 Mortgage. That's it! We want you to have an incredible experience & get a great deal.