USDA Vs. FHA Pro and Con comparison in Candlewick-Lake, Boone County, IL
In 2025, within Candlewick-Lake, located in the county of Boone, IL, the USDA loan limit is set at $285,000, while for a single-family residence, the FHA limit stands at $356,362.
Utilize the USDA loan calculator from Lendersa® to compare today's top USDA and FHA rates, and determine the necessary income, credit standing, reserves, and paperwork required to qualify. Our advanced mortgage calculator allows you to evaluate USDA, FHA, Conforming, and VA options side by side, enabling you to choose the best program in that suits your financial circumstances.
2025 Loan Limits and Downpayment Requirements in Candlewick-Lake, County of Boone, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
USDA and FHA Loan Alternatives in Candlewick-Lake, IL
The aim of Lendersa® is to secure the optimal USDA or FHA loan promptly, straightforwardly, and without difficulty. Begin with any of these three options to find matching lenders and USDA loan programs.
A USDA home loan, backed by the United States Department of Agriculture, known also as a USDA rural development loan or USDA mortgage, is available exclusively in rural areas. Unlike FHA loans that require at least a 3.5% down payment, the USDA mortgage does not necessitate any initial down payment.
SRU Federal Credit Union is committed to providing exceptional, personalized service and promoting sound financial practices while maintaining a secure and stable environment for the economic well-being of our members.
SRU Federal Credit Union began in 1958 as the Slippery Rock State Teachers College Federal Credit Union.
Veritas Federal Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973 to serve the employees of Nissan Motor Corporation and other employers.Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973.
FNB Washington was originally chartered as a national bank in 1883, the same year the Brooklyn Bridge opened and the year Buffalo Bill Cody debuted his "Wild West Show". We've been around longer than radio, neon lights and crayons, Hershey bars and Duct tape. We were serving customers before Einstein published the Theory of Relativity
The Bank of Ripley is committed to being a friendly, locally owned community bank that consistently and profitably delivers high quality personal service and financial products to meet the needs of, and be recognized as a leader by, the communities we serve for the benefit of those who make our existence possible
When you’re a member of Coteau Valley Federal Credit Union, you’re not just a customer but part-owner of your credit union. Member assets are pooled to provide loans and other financial services to fellow members. Coteau Valley Federal Credit Union was founded as a federally chartered credit union in November of 1950.
45665 Veterans Memorial Drive, Agency Village, SD, 57262
Sisseton Wahpeton FCU is a member-owned credit union which has been providing financial services to special member groups in and around the Lake Traverse Reservation in South Dakota since 1979 and also Sisseton-Wahpeton FCU ! We’ll give you personalized service that goes above and beyond what you’ll find at any other regional financial institution.
The Bank of Perry County was founded in 1905. With the motto of “The Bank on the Go, ” we have provided fast and courteous service to our customers. With three convenient locations in Perry and Lewis County, the employees at the Bank of Perry County have been committed to getting to know their customers on a personal level and providing them with e
Peoples Bank & Trust Company was chartered in 1923 and has operated continuously since its inception. Since its inception, the Bank’s primary mission has been to serve the banking needs of Hazard, as well as Perry County and the surrounding counties Peoples Bank & Trust Company has occupied the same building at 524 Main Street for 90 years.
The Organizers of 1st Trust Bank decided to establish the Bank because of their belief in the value of customer service. Prior to 2004, some Hazard banks have been acquired by regional multi-bank holding companies headquartered outside of Hazard. In many cases, these acquisitions and consolidations have been accompanied by fee changes,
Our mission is to support and strengthen our community through financial stewardship and education, ethical and compassionate business practices and a member-first service attitude. Our hearts, homes, families and friends are here and we have a vested interest in seeing the Pittsburgh region, its businesses and organizations
