Explore the differences! FHA VS Conventional loan programs in Troy, Madison County, Illinois
In the year 2026, the limit for a Conventional loan in Troy, which is part of the county of Madison, IL, is set at $726,200. For single-family homes, the FHA cap is $472,030.
The Lendersa® Conventional loan calculator enables comparisons of today’s best rates between Conventional, FHA, and USDA loans. It helps you understand the income, credit, reserves, and documentation needed to qualify. Our sophisticated mortgage calculator allows you to assess Conforming Conventional loans, USDA, FHA, and VA side by side, facilitating the decision of which program in IL best suits your financial situation.
Loan Limits and Down Payment Requirements for 2026 in Troy, Madison County, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This comparison is relevant for the following zip codes: 62294
Available Conventional and FHA Loan Choices in Troy, IL
The aim of Lendersa® is to secure you an optimal Conventional, USDA, or FHA loan quickly and with ease. Choose one of these three pathways to connect with suitable lenders and loan offerings.
The Bank of O’Fallon has been proudly serving the needs of O’Fallon, Shiloh and the surrounding areas since 1959. It stands as one of the oldest businesses in O’Fallon and is committed to the future of the metro east as the area continues to grow. Please stop in today or give us a call to see what we can do for you.
1405 N. Green Mount Rd, Suite 250, O Fallon, IL, 62269
Lends in Illinois
Delmar Financial Company is a full-service mortgage company helping new and experienced buyers find their dream homes. Delmar Financial offers a wide range of mortgage products that allow us to fit the best loan to the specific needs of each client. Our products range from conventional, Jumbo, FHA, VA, and more.
SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
Mortgage Makers is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
230 S Buchanan St, Suite A, Edwardsville, IL, 62025
Lends in Illinois
American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.
Founded in 1941 as a source of loans and basic savings products, GCS Credit Union has always focused on the member. Through the years, that philosophy has served us well, helping us grow from a single office in Granite City to a full-service financial institution serving the following Illinois counties: Sangamon, Logan,
Qualify 4 mortgage common Types of Mortgage to help you determine which loan would be best for you. You should consult with Dave Anderson to determine which type of mortgage is best suited for your individual circumstance. We specialize in these loans FHA Mortgage, VA Mortgage, Conventional Loan and more.
Catholic & Community Credit Union to focus solely on serving our members and to provide the best possible loan and saving rates in a friendly and professional manner.Each member of this organization is an owner, and the money contributed to credit union accounts helps to support all members and their financial goals. Because of this cooperative.
