Explore the differences! FHA VS Conventional loan programs in Wood-River, Madison County, Illinois
For 2025, the maximum limit for a Conventional loan in Wood-River, within Madison County, IL, is set at $647,200. Additionally, the FHA loan limit for a single-family residence is $420,680.
Use the Lendersa® Conventional loan calculator to compare the top rates available today for Conventional loans against FHA and USDA options. This tool helps determine the necessary income, credit, reserves, and documentation for qualification. Our state-of-the-art mortgage calculator places Conforming Conventional, USDA, FHA, and VA loans side by side, enabling you to choose the most suitable program for your financial needs in IL.
Loan Limits and Down Payment Requirements for 2025 in Wood-River, Madison County, IL
Loan Type
Loan Limit
Down Payment
Conventional Conforming
$647,200
3%
USDA
$285,000
0%
FHA
$420,680
3.5%
This table of comparisons applies to the following zip codes: 62024, 62095
Explore Conventional and FHA Loan Options in Wood-River, IL
With Lendersa®, the goal is to quickly and efficiently secure the optimal Conventional, USDA, or FHA loan for you, with minimal hassle. Start with one of three pathways to find the perfect match with lenders and loan programs.
1108 North Truman Boulevard, Crystal City, MO, 63019
Wright Financial Inc. has been in business for over 25 years with experience in the financial industry. Rex and Susan Wright are the owners of the company.
We work on effective options, aimed at giving you the best solution. We operate in St. Louis and surrounding areas and specifically Jefferson County.
The Great Depression, expansion and breakthroughs in technology; Peoples Bank & Trust has survived and experienced it all since we opened our doors as Peoples Bank of Hawk Point in 1924. There have been peaks and valleys along the way, but we have never stopped in our commitment to providing the best banking and lending products
First National Bank of Nokomis has been awarded five-star rating (the highest award given) by Bauer Financial Reports, Inc., since they started their bank-rating service in 1989. We've also received "A" ratings from Sheshunoff Information Service, Inc., a national bank rating service
The Bank of Tradition and Progress Founded in 1894 as The Bank of Otterville, our Bank has a long-standing tradition of providingMidwest Regional Bank is a Bank with operations in fifty states. Midwest Regional Bank offers numerous mortgage programs including conventional, jumbo, non-owner occupied, FHA, VA and USDA mortgages
The FNB Community Bank, a financially strong, independent community bank, serves individuals and businesses with a full range of banking, investing, asset management and other financial and risk management products and services. The FNB Community Bank is Hometown People with Hometown Spirit, supporting local organizations, events, and causes.
The Bank of Washington, headquartered in Washington, Missouri, is proud to be the oldest and largest independently owned bank in Franklin County. Since 1877, as a community bank we have focused on hometown friendliness, personal attention and treating every customer like family. The spirit of the Bank of Washington is deeply rooted.
1381 High Street, Suite 107, Washington, MO, 63090
Franklin Mortgage Company proudly serves Franklin and St. Charles counties, working to provide home loans with competitive interest rates and low closing costs. Our experienced mortgage professionals are committed to top-notch customer service that is honest and fair. We’re proud to serve repeat customers throughout the years.
Our mission is to protect customer deposits through safe and sound operations of the bank, to be leaders in supporting our community while providing an above average return on our stockholders' investments and providing our employees with an excellent opportunity for growth and advancement.
