FHA Vs. USDA loan program for Columbia, Monroe County, Illinois

For the year 2025, the USDA loan limit in Columbia, situated in the county of Monroe, IL, is set at $336,500, while the FHA limit for a single-family home is $472,030.

Take advantage of the Lendersa® USDA loan calculator to evaluate today's optimal USDA versus FHA rates, and identify the necessary income, credit, reserves, and documentation required for eligibility. With our sophisticated mortgage calculator, you can compare USDA, FHA, Conforming, and VA loans side by side, helping you assess which option in best suits your financial circumstances.

Exploring USDA and FHA Loan Solutions in Columbia, IL

Lendersa® aims to promptly secure the most favorable USDA or FHA loans without any complications. Start with one of the three approaches below to connect with lenders and access USDA loan programs.

Lendersa USDA loan request and result matchings

Understanding USDA Loans in IL

A USDA home loan is a government-guaranteed mortgage facilitated by the Department of Agriculture, also known as a USDA rural development loan or mortgage. It's specifically designed for rural areas. Unlike FHA loans, which require at least a 3.5% down payment, a USDA mortgage requires no down payment, making it more accessible.

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(309) 853-3333 Lender's profile and map Reviews Peoples National Bank of Kewanee 207 North Tremont Street, Kewanee, IL, 61443 Peoples National Bank of Kewanee is a long-standing institution in Central Illinois. Serving Kewanee for over 90 years, Peoples National Bank of Kewanee also serves the communities of Annawan, Bradford, Dwight, Manlius, Reynolds, Seneca On March 1, 1928, Peoples State Savings Bank opened its doors at the corner of Tremont and Second Streets.
(660) 593-3313 Lender's profile and map Reviews Home Savings and Loan Association, F.A. 210 E Second Street, Norborne, MO, 64668 Home Savings & Loan Association of Carroll County is a federally chartered savings association that has been serving our community since 1919. We pride ourselves in offering friendly personalized service to our customers. We offer a variety of services including real estate loans, auto loans, certificates of deposit, IRA’s, checking accounts.
(660) 951-8432 Lender's profile and map Reviews farmbank 701 North Pearl Street, Milan, MO, 63556 farmbank serves Adair, Sullivan and surrounding counties from our Green City, Milan and Kirksville, MO locations. All farmbank banking facilities are conveniently located for our customers. farmbank is a locally owned community bank that provides a full array of banking services with a partnership approach of Growing Together.
(815) 268-7226 Lender's profile and map Reviews Federated Bank 107 North Chestnut, Onarga, IL, 60955 At Federated Bank, you can still find great hometown service. That has been our way of doing business since since our founding in 1918 (read about it here). Today Federated is a community bank offering complete personal banking, business banking, and trust services in North Central Illinois along Interstate 57.
(309) 584-4146 Lender's profile and map Reviews Farmers-Merchants Bank of Illinois 101 W Main St, Joy, IL, 61260 Farmers-Merchants Bank of Illinois, formerly known as Joy State Bank and Farmers-Merchants National Bank of Paxton, has served Illinois communities for more than 100 years. We strive to maintain the values that have driven the bank’s longevity: friendly customer service and a wide range of valuable products and services.
(765) 294-2228 Lender's profile and map Reviews CentreBank 128 North Main Street, Veedersburg, IN, 47987 CentreBank, previously known as The Veedersburg State Bank, was founded in 1917. Upon opening, the Bank only consisted of one branch located in Veedersburg, Indiana; it remained the only bank in Veedersburg for over 80 years. In 1982 CentreBank expanded with a drive up location in Sterling, followed with a location in Covington in 1990.
(309) 593-2117 Lender's profile and map Reviews 1st Community Bank 407 Third Street, Sherrard, IL, 61281 1st Community Bank is a branch office of 1st Community Bank. They provide the following services: Full Service Office Location & are located at 407 Third Street in Sherrard Illinois. Mobile & traditional directions to this location can be found below along with ratings, their phone number, online banking website and additional banking information
(765) 795-4221 Lender's profile and map Reviews First National Bank 302 S Main St, Cloverdale, IN, 46120 First National Bank is a community bank committed to serving you better. As one of the oldest and most stable banks in the Indianapolis area, First National Bank has been a staple of the community for more than 100 years. As a full-service financial institution, we serve both individuals and small businesses alike, with a full range of banking
(641) 472-3161 Lender's profile and map Reviews Iowa State Bank and Trust Company of Fairfield, Iowa 55 South 4th Street, Fairfield, IA, 52556 Iowa State Bank & Trust Company opened its doors for the first time on May 19, 1934, after a merger between Iowa State Savings Bank and the Iowa Loan and Trust Company was agreed to create a strong unified bank during the Great Depression. That same year, the bank was accepted into the Federal Reserve System.
(641) 472-9839 Lender's profile and map Reviews Libertyville Savings Bank 2000 W. Jefferson, Fairfield, IA, 52556 At Libertyville Savings Bank, we live and work in the same community as you. We get to know you and your banking needs so that we can provide the kind of five-star service you deserve. We have 6 offices in southeast Iowa, whether you’re in Fairfield, Libertyville, Eldon, Keosauqua, Keota, Douds or the surrounding area.
(870) 793-9876 Lender's profile and map Reviews First Community Bank Arkansas 1325 Harrison Street, 2nd Floor, Batesville, AR, 72501 First Community Bank is a locally owned and operated bank with a big heart for the communities we serve. Upon founding First Community Bank in 1997, we made a pledge to put community first in every decision we made. Our slogan "Where Community Comes First" is our commitment to be good community partners.
(870) 793-4441 Lender's profile and map Reviews Citizens Bank 655 St. Louis Street, Batesville, AR, 72501 Citizens Bank now exceeds assets of $1.1 billion and remains headquartered in Batesville, AR. Citizens Bank is a financial services organization committed to meeting the needs of the communities it serves. Our progressive community Banking model focuses on the delivery of exceptional customer service while employing advanced technology.