FHA VS Conventional loan programs in 2025 for Watseka, Iroquois County, Illinois

In 2025, the Conventional loan limit in Watseka, situated within the county of Iroquois, IL, is set at $726,200. The FHA limit for a single-family home, on the other hand, is $472,030. This information is vital for prospective homebuyers planning their financing options in these areas.

Lendersa® offers a detailed Conventional loan calculator to compare current leading rates for Conventional, FHA, and USDA loans. This tool helps determine the income, creditworthiness, reserves, and necessary documents required for qualification. Reviewing Conforming Conventional, USDA, FHA, and VA loans side by side can help you decide which program in IL aligns with your specific financial needs.

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2025 Loan Limits and Down Payment Requirements in Watseka, County of Iroquois, IL

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

This table pertains to the applicable zip codes: 60970

Conventional and FHA Loan Options Available in Watseka, IL

The aim of Lendersa® is to provide you with the best possible Conventional, USDA, or FHA loan options swiftly and without hassle. Choose one of three initial pathways to connect with matching lenders and appropriate loan programs that meet your specific needs.

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  • North Alabama Mortgage
  • 7501 Memorial Pkwy SW, Suite 100, Huntsville, AL, 35802
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  • Davidson Homes. Heritage Mortgage
  • 336 James Record Road, Huntsville, AL, 35824
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  • United Prairie Bank
  • 1141 3rd Ave, Mountain Lake, MN, 56159
  • United Prairie was founded in 1973 when James G. Sneer purchased Farmers State Bank of Mountain Lake, also the community he called home. As the years passed and the bank thrived, Mr. Sneer began acquiring other banks and insurance agency offices to build the organization now known as United Prairie
  • First Mortgage Group
  • 118 E Moulton St, Decatur, AL, 35601
  • The First Mortgage Group team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • DREAM HOME MORTGAGE LLC
  • 1690 Beltline Road SW, Suite A, Decatur, AL, 35601
  • "Dream Home Mortgage is a locally owned mortgage company offering its services to customers in the entire state of Alabama. Our company helps clients secure mortgages with low rates and minimal out-of-pocket cost. We understand the value of one-on-one support for all clients. We've dedicated ourselves to providing unmatched service at every tu
  • Woodmen Federal Credit Union
  • 1700 Farnam Street, Suite 1000, Omaha, NE, 68102
  • Woodmen Federal Credit Union has been open since 1934. The credit union has assets totaling $10.66 Million and provides banking services to more than 1, 000 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups,
  • Omaha Public Power District Employees Federal Credit Union
  • 444 S 16th Street, Omaha, NE, 68102
  • The Omaha Public Power District Employees Federal Credit Union (OPPD EFCU) was established in 1938 as a nonprofit financial cooperative for the employees of the Omaha Public Power District and their families. We are member owned and operated under the direction of an elected volunteer board made up of OPPD employees.
  • Gallup Federal Credit Union
  • 1001 Gallup Drive, Omaha, NE, 68102
  • Gallup Federal Credit Union has been open since 1979. The credit union has assets totaling $21.6 Million and provides banking services to more than 2, 000 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups
  • LeverageRx
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  • LeverageRx is a digital lending and insurance marketplace exclusively for doctors. We make it incredibly simple to compare rates on physician mortgage loans, physician disability insurance, student loan ReFinancing, and other financial services for medical professionals. Make smart, swift financial decisions with LeverageRx.
  • Dynamic Mortgage Concepts, Inc.
  • 2516 Platte River Dr, Bellevue, NE, 68123
  • Dynamic Mortgage Concepts, Inc is a lender who works for you! Whether you are looking to prequalify to purchase a home, refinance your existing loan, or complete a construction loan, we have products to fit your needs! We offer A-F credit loans, and have access to several national lenders to place your loan with.