USDA Loan Vs. FHA loan pro & con for East-Alton, Madison County, IL

In 2025, USDA loan limit in East-Alton, county of Madison, IL is $285,000 while FHA limit is $356,362 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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USDA and FHA loan options in East-Alton, 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.

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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.

(785) 988-4453 279 miles Lender's profile and map Reviews The Bendena State Bank 933 Friendship Road, Bendena, KS, 66008 Bendena State Bank was chartered on January 13, 1904 and open for business February 3 of the same year. The Bank was located at the corner of Main & Commercial Streets in Bendena. The first Board of Directors consisted of J. H. Hamilton, A. L. Wynkoop, J. P. Severin, Walter Zimmerman and A. F. Albers.
(855) 663-8328 279 miles Lender's profile and map Reviews Veritas Federal Credit Union 685 Ken Pilkerton Drive, Smyrna, TN, 37167 Veritas Federal Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973 to serve the employees of Nissan Motor Corporation and other employers.Credit Union is a Federally Chartered, Federally Insured Independent Financial Institution originally chartered on July 13, 1973.
(812) 537-0928 279 miles Lender's profile and map Reviews Community Spirit Credit Union 160 Industrial Drive, Lawrenceburg, IN, 47025 Founded in 1937 as Seagrams Employees CU. In 2007 we began serving anyone working or residing in Dearborn, Ripley, Switzerland, and Ohio counties. Community Spirit offers Savings, Checking, IRA's, Christmas Clubs, and Kid's Club accounts. We offer Share Certificates (CD's), Auto loans, Personal Loans, Vacation Loans, and Christmas Loans
(574) 232-8403 280 miles Lender's profile and map Reviews IMECO Federal Credit Union 3404 West Boland Drive, South Bend, IN, 46628 IMECO Federal Credit Union was organized in August l949 by 7 employees of Indiana & Michigan Electric Company. The credit union is a cooperative association organized in accordance with the Federal Credit Union Act and for the purpose of promoting thrift among it’s members and creating a source of credit for provident or productive purposes.
(574) 232-8021 280 miles Lender's profile and map Reviews AAA Federal Credit Union 1112 N Bendix Drive, South Bend, IN, 46628 AAA Federal Credit Union is a community based credit union dedicated to serving those who live, work, worship, attend school or volunteer in St. Joseph County, Indiana. OUR MISSION is to EFFECTIVELY ENHANCE THE FINANCIAL WELL BEING OF THE MEMBERSHIP IN AN EVER CHANGING ECONOMIC ENVIRONMENT BY PROVIDING APPROPRIATE FINANCIAL SERVICES.
9015265261 280 miles Lender's profile and map Reviews Fairway Independent Mortgage 2220 Highway 51 S, Hernando, MS, 38632 Here at Fairway Independent Mortgage Corporation, we offer a variety of loan options that can help you achieve homeownership with the speed and service you deserve. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond. We look forwar
(574) 232-2192 280 miles Lender's profile and map Reviews South Bend Transit Federal Credit Union 1401 S Lafayette Boulevard, Suite 100, South Bend, IN, 46613 South Bend Transit Federal Credit Union is a member owned non-profit financial institution. We provide services to persons working/retirees from Transpo and their immediate family members. Putting our members first for over 75 years and ensuring the growth of our credit union to continue to serve families present and future.
(574) 287-6161 281 miles Lender's profile and map Reviews South Bend Firefighters Credit Union 1122 South Main Street, South Bend, IN, 46601 Our credit union Motto is “People Helping People.” We’re all working together to help each other. As member-owners, we all have a stake in the credit union’s success. The better our credit union does, the better you do. That’s the value of credit union membership. South Bend Firefighters Federal Credit Union was organized on October 1959.
(574) 234-1524 281 miles Lender's profile and map Reviews Policemen's Federal Credit Union 1130 South Main Street, South Bend, IN, 46601 We proudly serve the law enforcement community of St. Joseph County, IN, membership with PFCU is available to others as well. By supporting local law enforcement with a minimal, one time membership fee to the Fraternal Order of Police Associates (FOPA), you too can become a member of Policemen's Federal Credit Union.
(574) 233-6773 281 miles Lender's profile and map Reviews Centennial Mortgage, Inc. 218 W. Washington Street, Suite 900, South Bend, IN, 46601 Centennial Mortgage is a privately held results-driven lender providing proactive, end-to-end solutions exclusively for multi-family and healthcare owners/developers seeking HUD and USDA financing. Our approach is delivered with a high-touch level of customer service found only with a specialized lender.
(260) 356-6220 281 miles Lender's profile and map Reviews Community Link Federal Credit Union 325 Etna Avenue, Huntington, IN, 46750 CLFCU has served Huntington and surrounding areas since 1932. We take pride in providing exceptional service to our members. CLFCU is federally insured by NCUA and is an Equal Housing Lender. Our Mission: Community Link Federal Credit Union is committed to being the first-choice financial institution in the community.