USDA Loan Vs. FHA loan pro & con Coal-City, Grundy County, IL

In 2026, the USDA loan limit for Coal-City, located in Grundy county, IL, is $303,600. In contrast, the FHA limit for a single-family home is $379,500.

Utilize the Lendersa® USDA loan calculator to explore and compare today's best rates for USDA and FHA loans, determining the income, credit, reserves, and documents needed for qualification. Our advanced mortgage calculator provides a side-by-side view of USDA, FHA, Conforming, and VA options, helping you determine which program in suits your financial needs best.

USDA and FHA Loan Choices in Coal-City, IL

Lendersa® is focused on swiftly obtaining the best USDA or FHA loan for you without any hassle. Choose one of the three starting options to connect with lenders and find the suitable USDA loan programs.

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Understanding the USDA Loan in IL

A USDA home loan, also known as a USDA rural development loan or mortgage, is guaranteed by the Department of Agriculture and available exclusively in rural areas. Unlike FHA loans, which require a minimum 3.5% down payment, USDA loans have no down payment requirement, offering a significant benefit for those who qualify.

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Coal-City Lenders
(815) 942-0130 Lender's profile and map Grundy Bank 201 Liberty Street, Morris, IL, 60450 Lends in Illinois Captain Sam Hull built his frame grocery store and 2nd floor residence in 1847. It had other tenants, but was moved to make way for the bank in 1867. Mrs. Atwater & N.C. Pettey built the present 3 storefront 2 story brick building in 1867. The bank was on the corner with the Widney & Viner Hardware next south
(815) 942-3232 Lender's profile and map Morris Building & Loan 211 E Jefferson St, Morris, IL, 60450 Lends in Illinois Morris Building and Loan is a branch of First Secure Community Bank that serves residents of Morris and the surrounding areas. We offer a full range of personal and business banking products. We have been proud to serve the Morris area for more than 100 years. Member FDIC. Equal Housing Lender.
(815) 426-2156 Lender's profile and map State Bank of Herscher 10 Tobey Drive, Herscher, IL, 60941 Lends in Illinois The State Bank of Herscher was chartered in 1902 by a group of residents who understood what a local bank meant for the well-being of their community. The growth that we have experienced since that time has allowed us to move to our present location in Herscher as well as expand to Limestone.
(815) 729-3211 Lender's profile and map NuMark Credit Union 1654 Terry Drive, Joliet, IL, 60436 Lends in Illinois NuMark’s mission is to enrich the financial lives of our members. NuMark Credit Union offers a full menu of financial services from mortgage and auto loans to free checking accounts and business services. We remain dedicated to putting our members first, treating them like family and helping them do more with their money.
(815) 478-4611 Lender's profile and map First Bank of Manhattan 230 South State Street, Manhattan, IL, 60442 Lends in Illinois The First Bank of Manhattan has been providing high quality, full service personal and business banking services to Manhattan and our neighboring communities of New Lenox, Elwood, Wilmington and Wilton Center. The bank offers a full range of deposit products such as Checking, savings, CD’s, IRA’s, children’s and teen’s accounts.
920 267 7682 Lender's profile and map Peak Choice Capital, LLC 601 Silver Creek Drive, Joliet, IL, 60431 Lends in Illinois Your home for real estate financing. Multi-Family and Single Family financing. We keep the process simple so you can focus on growing your business. We focus on our experience to achieve the best results. Our investment rental property programs are suited specifically for investors only. Here are a few of the perks we offer for single family ren
(815) 932-7131 Lender's profile and map Maternity BVM CU 299 East Marsile Street, Bourbonnais, IL, 60914 Lends in Illinois In March 1957, James M. Burns opened Maternity BVM Credit Union in the basement of the church rectory. The Credit Union was only open after the Masses on Sunday. In December 1973, the Credit Union moved to 299 E. Marsile Street, where it remains at this time. The Credit Union bought the original Senesac Home built in 1900
(815) 933-7711 Lender's profile and map Elite Community Credit Union 515 S Main Street, Bourbonnais, IL, 60914 Lends in Illinois Elite Community Credit Union, formerly Envision Credit Union, has been in business since 1957. Throughout the years, we have remained financially stable. We provide competitive share and loan rates, free online banking and mobile banking, along with a variety of other services such as, checking accounts
(815) 937-7447 Lender's profile and map CommonWealth Credit Union 563 William Latham Drive, Bourbonnais, IL, 60914 Lends in Illinois It grew to become CommonWealth Credit Union, a multi-site, full-service financial cooperative that is now community chartered to serve anyone who lives or works in Kankakee, Ford, Iroquois, Livingston, Kendall, Grundy, or Will Counties. CommonWealth Credit Union is the largest credit union in Kankakee County.