USDA Vs. FHA your options comparison in Colona, Henry County, IL

In 2025, for Colona in Henry county, IL, the USDA loan limit is $336,500, whereas the FHA limit for a single-family home stands at $472,030.

Lendersa® offers a USDA loan calculator to compare today's top USDA vs. FHA rates. It helps determine the needed income, credit score, reserves, and documentation for qualification. Our advanced tool allows you to view USDA, FHA, Conforming, and VA plans side by side, aiding in selecting the ideal program in for your financial needs.

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Loan Limits and Down Payment Requirements for 2025 in Colona, Henry 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 Loan Options in Colona, IL

The goal of Lendersa® is to swiftly and seamlessly connect you with the best USDA or FHA loan. Begin from one of three paths designed to match you with suitable lenders and USDA programs.

Lendersa's USDA loan request and results

Understanding USDA Loans in IL

The USDA home loan, financed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is exclusively for rural areas. Unlike FHA loans requiring a minimum down payment of 3.5%, the USDA loan mandates no down payment, making it accessible for eligible rural residents.

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



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