USDA Vs. FHA Pro and Con comparison in Bushnell, McDonough County, IL
In 2025, the USDA loan limit for Bushnell in McDonough County, IL, is set at $336,500, while the FHA limit for a single-family home is $472,030.
Use Lendersa®'s USDA loan calculator to evaluate the most competitive rates for USDA versus FHA loans, determining necessary income, credit score, reserves, and documents for qualification. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, helping you decide which program in best fits your financial situation.
2025 Loan Limits and Downpayment Requirements in Bushnell, McDonough County, IL
Loan Type
Loan Limit
Minimum Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Options in Bushnell, IL
The aim of Lendersa® is to provide the best USDA or FHA loan quickly and with ease. Choose one of three starting points to connect with lenders and explore USDA loan offerings.
USDA home loans, guaranteed by the government's Department of Agriculture, also known as rural development loans or USDA mortgages, are exclusively available in rural areas. Differing from FHA loans that require a minimum down payment of 3.5%, USDA loans do not require any down payment at all.
New Tripoli Bank is dedicated to remaining independent and providing the financial needs of individuals, families, and small businesses in the Lehigh Valley by providing high-quality, competitively priced services in a caring, friendly environment. Our success is directly linked to the growth and vitality of our community.
Transform your home buying dreams into reality. We offer personalized mortgage solutions tailored to meet all financial needs. Whether you're a first-time buyer or looking to refinance, our expert team, led by industry professional Michelle Lee Zamora, ensures seamless transactions. Contact us at 346-816-1900 or [email protected] for unpara
Upward Home Loans, you will be our client for life. We believe that it’s our responsibility to assist you in managing the largest indebtedness that you’re ever going to take on in your life. Most people that do what I do for a living, provide you with the debt and then you don’t ever hear from them again, they walk away after they’ve gotten paid.
NC Community Credit Union has provided quality financial services to help members achieve their financial goals. Your Community Credit Union is committed to serving individuals, businesses, and other organizations who live, work, worship, or attend school in Wayne County. As a credit union member, you’re also the owner!
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