USDA and FHA Pro and Con in Abingdon, Knox County, IL
In 2025, the USDA loan cap in Abingdon, within Knox county, IL, is set at $336,500, while the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to see how today's USDA compares to FHA rates at their best. This tool is invaluable in understanding the income, credit, reserves, and documents required for qualification. With our advanced mortgage calculator, you can evaluate USDA, FHA, Conforming, and VA options side by side, helping you determine which program in matches your financial situation best.
2025 loan limits and downpayment requirements in Abingdon, Knox, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Paths in Abingdon, IL
Lendersa® is focused on acquiring the best USDA or FHA loan options swiftly and with minimal hassle. Choose from three starting ways that lead to matching lenders and explore USDA loan programs.
A USDA home loan is backed by the government's Department of Agriculture and is often called a USDA rural development loan or USDA mortgage. This type of loan is available exclusively in rural areas. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans require no down payment, simplifying the qualification process for eligible applicants.
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