USDA Vs. FHA Pro and Con comparison in Aledo, Mercer County, IL
In the current year of 2025, the USDA loan cap for Aledo, situated in the county of Mercer, IL, is set at $336,500. On the other hand, the FHA limit for a single-family residence stands at $472,030.
Utilize the Lendersa® USDA loan calculator to juxtapose today's USDA and FHA top rates. Assess the income, credit, reserve requirements, and documents needed to qualify. With our sophisticated mortgage calculator, you can compare USDA, FHA, Conforming, and VA options side by side, aiding you in selecting the best program in suited to your financial scenario.
2025 Loan Caps and Down Payment Requirements in Aledo, Mercer, IL
Loan Category
Limit
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Choice of USDA and FHA Loans in Aledo, IL
The aim of Lendersa® is to swiftly secure the most favorable USDA or FHA loans for you with minimal inconvenience. You have the flexibility to choose from three initial options that connect you with matching lenders and USDA loan offerings.
A USDA home loan is a government-backed mortgage offered by the Department of Agriculture, known as a USDA rural development loan or USDA mortgage, available only in rural areas. It contrasts with FHA loans which have a minimum down payment requirement of 3.5%, as the USDA loan does not need any down payment.
5115 Maryland Way, Suite 124, Brentwood, TN, 37027
P3 Home Loans serves all of Tennessee, making sure to save local home owners money and time. Rod Freeman is the voice of P3 Home Loans and has managed the success of hundreds of clients’ mortgage closings. When it comes to getting the lowest rate and the quickest mortgage approval, you can depend on our mortgage professionals.
"MCL Private Lending is a direct private money lender that was established to provide time sensitive, creative, short term financing to builders, developers, and real estate investors.
MCL Private Lending is Nashville’s leading direct, private money lender. Based in Brentwood, Tennessee,
Truity Credit Union was founded in 1939 by the Jane Phillips Sorority in Bartlesville, OK. Mildred Hunt was the first treasurer and she conducted credit union business at her desk in the pipeline department at Phillips Petroleum Company during her lunch break and after hours. At that time a single quarter opened a savings account
PhysicianLoans was founded in 1993. We offer a unique product The Doctor Loan, available only to medical doctors, dentists and veterinarians. Although we are a “brick & mortar” company based in Columbus, Ohio, PhysicianLoans is licensed in 18 states. As such, each of our Loan Officers holds all the appropriate licenses to conduct business.
We continue that philosophy by serving our mission to be the most trusted bank in the communities we
serve by knowing and understanding the needs of customers, employees and shareholders while
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For starters, our roots began right here South Dakota. For 130 years, we have earned long-term customer relationships by helping our customers and communities succeed. We pride ourselves in adapting to meet our customers’ changing banking needs — while retaining our hometown values and roots.
Since establishing business in 1887, the bank has built its reputation on personal service and community promotion. Family owned and locally operated in the communities of Tescott, Lincoln, Salina, and Lindsborg, The Bank of Tescott strives to provide customers with a competitive array of loan and deposit products that aid in their financial succes
Kimberly Clark Credit Union, chartered in 1947, serves the employees of Kimberly Clark Corporation across the country.
KCCU is a not-for-profit financial institution where you, our member-owner, come first. After expenses and legal reserves are set aside, all profits are returned to members as higher dividends on savings, lower rates on loans.
