FHA VS Conventional loan in 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.
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.
We provide expert advice on mortgage lending. Whether you are purchasing or refinancing, a primary home or a second mortgage, a condominium or a multi-family, we can handle the transaction. We do what we do best, Mortgages.We are a team of professionals, dedicated to our work and thrilled to help families gain home ownership.
We are Bravera, an employee- and director-owned company of advisors who help build the financial strength, stability and growth of every community to which we belong. We’re driven to serve you, coming together to forge new paths to help you achieve your business and personal goals.
We’re a member-owned, non-profit financial cooperative, governed by a volunteer Board of Directors. At RTN, we’re committed to helping you achieve financial well-being through quality products & services, personalized service & access to financial education.We provide individualized attention, whether you’re opening an account, applying for a loan.
We have been helping our clients finance their homes in the Commonwealth of Massachusetts since 1990. Our value proposition is simple: we take the time to understand your needs and provide personal service you can rely on. Buyer’s agents love working with us because we don’t just pull a credit report like so many big banks often do.
Norwood Bank is a community bank established in 1889 for the purpose of homeownership. Today our assets total more than $676 million dollars and our message remains the same. We are committed to the financial needs of our community. We specialize in consumer banking, residential mortgage lending, and construction and commercial real estate lending.
661 Washington Street, Suite 209, Norwood, MA, 02062
Lighthouse Funding have been in business for over 15 years providing people with quality service and loans that fit their needs. Our team consists of knowledgeable loan consultants and originators that go above and beyond to make sure their clients have a smooth loan process. There are many advantages to working with our company.
United Community Credit Union has been open since 1950. The credit union has assets totaling $123.53 Million and provides banking services to more than 13, 000 members as of March 2022.
The credit union is a member-owned financial cooperative providing banking services including savings, loans
The Omni Mortgage Company is a locally owned and operated mortgage brokerage agency with the in-depth mortgage industry knowledge and expertise necessary to provide financing solutions that best meet your specific needs. We have a wide range of conventional and government FHA & VA mortgage products.
At New England Regional Mortgage Corporation, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We make all loan decisions locally and find you the program with the lowest fixed rate..
At New England Regional Mortgage, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the lowest rate program. Call us at (800) 220 0959 x 150 for Dan Gennarelli NMLS 26970.
