In 2026, the USDA loan limit for Champaign, within Champaign County, IL, is $336,500. In contrast, the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to check current USDA versus FHA rates and identify the income, credit, reserves, and documents needed to qualify. Our advanced mortgage calculator provides a side-by-side comparison of USDA, FHA, Conforming, and VA programs to help you determine which option in best aligns with your financial situation.
2026 Loan Limits and Down Payment Requirements in Champaign, Champaign County, 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 Loans in Champaign, IL
The mission of Lendersa® is to secure you the most advantageous USDA or FHA loan quickly and effortlessly. Select from three starting methods that lead to matching lenders and USDA loan programs.
A USDA home loan is backed by the U.S. Department of Agriculture, also known as the USDA rural development loan. It is exclusively available for rural areas. Unlike FHA loans that require a down payment of at least 3.5%, USDA loans require no down payment, making them an attractive choice for many buyers in qualifying rural zones.
Central Illinois Credit Union is a not-for-profit, member-owned financial institution whose purpose is to provide its membership a full range of quality financial services at competitive rates. We are committed to member service in a friendly atmosphere, long term financial stability, promotion of thrift, and involvement in our community.
CIBM Bank is a wholly owned subsidiary of CIB Marine Bancshares, Inc. and formerly operated as "Marine Bank" in its Indiana and Wisconsin markets, "Central Illinois Bank" in its central Illinois market, "Avenue Bank" in its Chicagoland market, and Avenue Mortgage, a division of CIBM Bank serving the communities of all CIBM Bank branches
We’re a community bank, and we want it to show. Whether it’s sponsoring little league teams, local children’s theater, or funding local charities, we’re tied to the place we live and work and are invested in its success. First Federal offers everything you’d expect from a financial institution.
BankChampaign has over 30 years of experience providing financial products and services for personal, commercial and investment customers in the community. We are a true community bank, providing exceptional relationship-based service to each customer. Our staff have unparalleled expertise in commercial banking, investment management
we began serving hourly wage earners from a janitor room at the U of I Power Plant in October 1932. At the end of that first year, the credit union had 37 members, two borrowers, & $116.97 in assets. By 1935, the credit union moved off campus to Urbana, expanded its charter to include faculty, & was renamed University of Illinois
1606 N Willow View Road, Suite 1-O, Urbana, IL, 61802
Lends in Illinois
The mission of the Urbana Municipal Employees Credit Union is to provide a member owned financial institution to encourage thrift among its members and create a source of credit at a reasonable rate of interest. The Urbana Municipal Employees Credit Union will provide members with the opportunity of borrowing money while at the same time saving mon
Philo Exchange Bank's history spans six generations of customers across East Central Illinois. Started in 1883 by Dr. Calvin Ebeneezer Parker, the bank was purchased by Elisha Hazen, a local grain and implement dealer in 1899. The bank took over Philo State Bank in 1933. Nathan Rice succeeded the Hazen family leadership in 1952.
The Fisher National Bank opened for business November 18, 1955 at a small office in downtown Fisher, IL. With numerous additions and renovations, this facility served our needs very nicely over the years. In the late 1990s, due to steady growth and the loyalty of our many clients, the board realized it was time to make another investment.
Our History: In 1958, Chanute Military Credit Union opened its doors on the Chanute Air Force Base in Rantoul, Illinois to serve military personnel and their families. With the government's announcement of plans to close the Chanute Air Force Base, plans were made to expand the credit union in order to continue to serve those faithful.
