USDA and FHA Pro and Con in Chillicothe, Peoria County, IL

In 2025, the USDA loan limit for Chillicothe, in Peoria county, IL, is $336,500, while the FHA limit for a single-family home is $472,030.

Utilize the Lendersa® USDA loan calculator to explore and compare today's best USDA versus FHA rates, determining the necessary income, credit, reserves, and documents to qualify. With our advanced calculator, review USDA, FHA, Conforming, and VA loan options side by side, guiding you to the best program in for your financial situation.

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2025 Loan Limits and Down Payment Requirements in Chillicothe, Peoria County, IL

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Options in Chillicothe, IL

Lendersa® aims to secure the most favorable USDA or FHA loans for you quickly and seamlessly. Select one of three starting points to connect with lenders and the USDA loan programs best suited to your needs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IL

A USDA home loan, guaranteed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is exclusively available in rural neighborhoods. Differing from FHA loans which require at least a 3.5% down payment, USDA loans do not require any down payment, offering significant advantages to eligible borrowers.

Enter your location to find out if it qualifies for USDA rural housing loan?



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