FHA VS Conventional loan in Urbana, Champaign County, Illinois
In the year 2026, the maximum for conventional loans in Urbana, located in Champaign county, IL, is $726,200, whereas, for FHA loans, the limit is $472,030 for a single-family home.
Utilize the Lendersa® Conventional loan calculator for a side-by-side comparison of today's best Conventional, FHA, and USDA rates. Determine the necessary income, credit score, reserves, and documentation needed to qualify. Evaluate Conforming Conventional, USDA, FHA, and VA loans simultaneously to discover the program that best fits your financial needs in IL.
Loan limits and down payment details for 2026 in Urbana, Champaign, IL
Loan Type
Loan Limit
Down payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
This table relates to zip codes: 61801
Explore Conventional and FHA loans in Urbana, IL
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BankChampaign has over 30 years of experience providing financial products and services for personal, commercial and investment customers in the community. We are a true community bank, providing exceptional relationship-based service to each customer. Our staff have unparalleled expertise in commercial banking, investment management
we began serving hourly wage earners from a janitor room at the U of I Power Plant in October 1932. At the end of that first year, the credit union had 37 members, two borrowers, & $116.97 in assets. By 1935, the credit union moved off campus to Urbana, expanded its charter to include faculty, & was renamed University of Illinois
CIBM Bank is a wholly owned subsidiary of CIB Marine Bancshares, Inc. and formerly operated as "Marine Bank" in its Indiana and Wisconsin markets, "Central Illinois Bank" in its central Illinois market, "Avenue Bank" in its Chicagoland market, and Avenue Mortgage, a division of CIBM Bank serving the communities of all CIBM Bank branches
Philo Exchange Bank's history spans six generations of customers across East Central Illinois. Started in 1883 by Dr. Calvin Ebeneezer Parker, the bank was purchased by Elisha Hazen, a local grain and implement dealer in 1899. The bank took over Philo State Bank in 1933. Nathan Rice succeeded the Hazen family leadership in 1952.
Our History: In 1958, Chanute Military Credit Union opened its doors on the Chanute Air Force Base in Rantoul, Illinois to serve military personnel and their families. With the government's announcement of plans to close the Chanute Air Force Base, plans were made to expand the credit union in order to continue to serve those faithful.
The Fisher National Bank opened for business November 18, 1955 at a small office in downtown Fisher, IL. With numerous additions and renovations, this facility served our needs very nicely over the years. In the late 1990s, due to steady growth and the loyalty of our many clients, the board realized it was time to make another investment.
Villa Grove State Bank opened for business on November 1, 1919. Our story began at 10 N. Main Street in Villa Grove, in what was then known as the Combs building and had been previously occupied by the Morrison Grocery Store, and we are still there today to serve our customers and community. As the bank has continued to grow
The Frederick Community Bank has a storied and community-focused history since the beginning. The bank started out as the Clarence State Bank and was founded in 1908 by the bank’s first president David Arthur Frederick. The Frederick family wanted to help serve the local farmers and their communities in the Clarence and Goodwine areas.
Arcola First Bank is a branch office of Arcola First Bank. They provide the following services: Full Service Office Location & are located at 127 South Oak Street in Arcola Illinois. Mobile & traditional directions to this location can be found below along with ratings, their phone number, online banking website and additional banking information
