USDA Vs. FHA Pro and Con comparison in Candlewick-Lake, Boone County, IL
In 2025, USDA loan limit in Candlewick-Lake, county of Boone, IL is $285,000 while FHA limit is $356,362 for a single-family home.
Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.
2025 loan limits and downpayment requirments 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 options in Candlewick-Lake, IL
Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.
USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.
Enter your location to find out if it qualifies for USDA rural housing loan?
Sovita Credit Union serves education and healthcare workers in Genesee, Lapeer, Livingston, Oakland and Shiawassee counties. We provide low-cost, high-value financial services to people who enrich, heal, lift and lead all others in the community. Founded in 1934 as Flint Teachers Credit Union,
Simple Mortgage was formed in February 2012 and has been in a growth mode ever since. The company is a Direct Endorsed Lender and offers all mortgage products at market competitive rates. It is privately owned by an individual with more than a decade of experience in the mortgage banking industry and a primary focus on superior customer service.
In 1906 a group of local farmers gathered to talk about a vision they had of opening a local community bank. In September of 1906, their dream became reality when they opened the doors for business to the Bank of Old Monroe.
Today, the Bank of Old Monroe serves Lincoln, Pike, Warren and St. Charles counties with 5 locations in Old Monroe,
At City State Bank we are proud to be a locally owned, family owned, community bank. And during a time of mergers, acquisitions, and 'bigger is better' philosophy, we like being different. Sure, we have great products, but more importantly, we have the great service that should go with those products.
Founded in 1882, Wayne Bank and Trust Co. is a well-established, reputable community bank, serving Wayne County, Indiana for over 130 years. As Indiana’s oldest family owned bank, Wayne Bank has successfully served its clientele for over a century by maintaining the core values of providing the finest personal banking services,
Established in 1910 we are a community bank located in Southern Illinois, locally owned and managed by people you can trust. The luka State Bank offers the integrity and stability of a Five Star rated financial institution — the highest rating awarded by Bauer Financial Rating Service and proof that we rank among the strongest banks in the country.
MCSB is a mutual community bank that is owned by you, our depositors! Our goal is to protect the mutual community banking philosophy, which is to make serving customers and community a priority, while keeping profits at a reasonable level. Most banking organizations that are owned by shareholders expect a return on their investment
Our mission is to remain an independent community bank by offering the most flexible and comprehensive financial solutions delivered by our team of top performing professionals who go to work every day with the goal of helping families, businesses, and our communities find their better state.
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Lightning Home Loans is determined to achieve excellence in the mortgage origination industry and we have built a team to best service your needs. From start to finish our team goes above and beyond making sure that you understand every part of the process. We understand that the most critical decision for you as a borrower is to choose a team.
