USDA VS FHA in Collinsville, Madison County, IL

In 2024, USDA loan limit in Collinsville, county of Madison, IL is $336,500 while FHA limit is $472,030 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.

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2024 loan limits and downpayment requirments in Collinsville, county of Madison, 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 Collinsville, 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.

Lendersa USDA loan request and matching results

What is USDA Loan in Illinois?

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?



  • Williamsville Federal Credit Union
  • 656 North French Road, Suite 7, Amherst, NY, 14228
  • Williamsville Federal Credit Union to serve our member’s by providing convenience, exceptional service with advanced products. Williamsville Central School District Employees have an opportunity to become a member of the Williamsville FCU It is a not-for-profit financial institution owned and controlled by the members and is operated for your benef
  • Sweet Home FCU
  • 1960 Sweet Home Road, Amherst, NY, 14228
  • Since its inception in 1957 the Sweet Home Federal Credit Union has been serving its members in the AMHERST, New York area with exceptional financial products and also Sweet Home Credit Union is a financial institution offering favorable rates on savings & loans, serving the Town of Amherst and the Town of Tonawanda, NY.
  • Boulevard Federal Credit Union
  • 2787 Niagara Falls Boulevard, Amherst, NY, 14228
  • We are a full service not for profit financial institution. Your success is our success with people helping people A credit union is a not-for-profit financial cooperative, owned by its members. Yes, Boulevard Federal Credit Union offers loans, checking and savings accounts, and other financial services that banks offer. But we're quite different f
  • Queen City Funding, Inc.
  • 1416 Sweet Home Road, Suite 9B, Great Neck, NY, 14228
  • Queen City Funding, Inc., a professional mortgage company specializing in residential mortgages. At Queen City Funding, Inc., we will find a loan that fits each borrower. Unlike big banks that have order takers helping you with your loan, we have highly skilled and trained loan consultants.
  • Florida Rural Electric Credit Union
  • 2916 Apalachee Parkway, Tallahassee, FL, 32301
  • Florida Rural Electric Credit Union was chartered in December 1975 to serve the Rural Electric Cooperatives in Florida. The Credit Union was housed in the Florida Electric Cooperatives Association, Inc., (FECA) building in Tallahassee and served as a supported entity of the Associations member January 1999 the Credit Union Board.
  • FAMU FCU
  • 1610 South Monroe Street, Tallahassee, FL, 32301
  • FAMU Federal Credit Union is a not for profit financial institution located at 1610 South Monroe Street Tallahassee, Florida 32301 in the United States. Established in 1935, FAMU Federal Credit Union is a low income and minority designated federal credit union with a Community Development Financial Institutions (CDFI) certification
  • Envision Credit Union
  • 600 N Monroe St, Tallahassee, FL, 32301
  • Envision Credit Union in North Florida and South Georgia is dedicated to providing products and services that improve our members’ financial positions including checking accounts, savings accounts, mortgages, auto loans, business loans and much more. Bank online, with our mobile app or visit one of our conveniently located branches in FL and GA
  • First Commerce Credit Union
  • 1741 Old St. Augustine Road, Tallahassee, FL, 32301
  • "First Commerce is committed to the well being of our community and all of us living in it. We're committed to making a difference with every person we meet and proudly support organizations that show that same level of passion and commitment. Initially, it may be difficult to see the difference in the types of services"
  • Tallahassee Lender's Consortium
  • 224 Office Plaza Drive, Tallahassee, FL, 32301
  • The Consortium provides information and education regarding credit counseling and the process of purchasing a home to low income and very low income families. In addition, the Consortium administers the City of Tallahassee's Down Payment Assistance Programs and assists local lenders.