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.

(502) 694-2978 242 miles Lender's profile and map Reviews Select Mortgage Advisors LLC 600 Glen Court, Louisville, KY, 40207 Select Mortgage Advisors - Kentucky and Indiana.These devoted professionals work Kentucky with individuals, couples and families every day to help them obtain the best mortgage rates with the lowest closing costs. and No Closing Costs Mortgage Loans! 100% Financing Available and Our primary focus.
(502) 565-2511 242 miles Lender's profile and map Reviews Lightpoint Mortgage Company, Inc 161 St Matthews Ave, Suite 10, Louisville, KY, 40207 The Lightpoint Mortgage Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of Kentucky . Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt
(502) 473-1817 242 miles Lender's profile and map Reviews Multiple Option Mortgage Services 295 North Hubbards Lane, Suite 102, Louisville, KY, 40207 Multiple Option Mortgage Services is a mortgage broker. Servicing Louisville & surrounding areas. Specializing in all types of residential lending including Conventional, FHA, VA & KHC. With over twenty-five years of experience, our knowledgeable team is confident that they will facilitate a smooth closing in the purchasing of your new home.
(502) 438-9884 242 miles Lender's profile and map Reviews Encore Mortgage LLC 1001 Dupont Road, Suite 110 B, Louisville, KY, 40207 Encore Mortgage, LLC, we understand your house is your home—not a loan. We know this because we’ve always been in the business of caring about our customer’s journey, writing our story right alongside yours. Whether you are first time home buyer, purchasing your dream home, or refinancing an outstanding loan.
(502) 400-3011 242 miles Lender's profile and map Reviews MM Lending 4165 Westport Rd, Suite 204, Louisville, KY, 40207 MM Lending, in Louisville, KY, is a private lending association that provides short-term financing to residential "fix and flip" investors. and also MM Lending offers short-term, hard money loans for residential real estate investors.are the primary means of funding for these investors.
(708) 366-4700 242 miles Lender's profile and map Reviews Byline Bank 7751 Lake St, River Forest, IL, 60305 Byline Bank is a full-service commercial bank with nearly $6.5 billion in assets, serving small businesses, mid-market companies, and consumers. Operating over 40 branch locations throughout the Chicago and Milwaukee metro areas, Byline’s been a community partner in its neighborhoods for over 100 years
(800) 459-2328 242 miles Lender's profile and map Reviews Autotruck Financial Credit Union 7651 Jefferson Green Way, Louisville, KY, 40219 Autotruck Financial Credit Union was chartered in the State of Kentucky on June 13, 1961 as a not for profit cooperative to serve the employees of the Ford Motor Company. In 1965, the Credit Union was granted a Federal Charter & operated under Federal Law until 2011. On November 8 2011 the State of Kentucky issued the Credit Union a state charter.
(502) 964-7575 242 miles Lender's profile and map Reviews Class Act Federal Credit Union 3620 Fern Valley Rd, Louisville, KY, 40219 Class Act Federal Credit Union was established by a small group of JCPS teachers in 1954 to serve the personal finance needs of JCPS teachers and other school employees. At that time, teachers had very limited access to loans or credit of any kind. The credit union filled this need and did so at very competitive rates.
(816) 221-2734 242 miles Lender's profile and map Reviews Holy Rosary Credit Union 533 Campbell Street, Kansas City, MO, 64106 We offer Online Banking, Visa Credit Cards, Financial Education, Checking and Savings accounts, Secured and Unsecured Loans and Mortgages. We also offer Credit Builder education, Preparing for a Mortgage education and Business accounts. Holy Rosary Credit Union is a financial cooperative owned by all its members.
(855) 659-1656 242 miles Lender's profile and map Reviews Commerce Bank 1000 Walnut Street, Kansas City, MO, 64106 At Commerce Bank, we know life’s best moments can come with some financial complexity. Our job is to help people and businesses navigate challenges so they can get back to focusing on what matters most. We do this by getting to know our customers and communities and accepting their goals as our own to deliver the right financial solutions.
(800) 867-2265 242 miles Lender's profile and map Reviews Bank Midwest 1111 Main St, Kansas City, MO, 64106 Bank Midwest is a leading community banking franchise, headquartered in Kansas City, Missouri. We serve clients throughout Missouri & Kansas by providing a comprehensive portfolio of products and services to meet the needs of commercial, consumer and small business clients. As we grow, our goal is to continue to deliver a superior level of service.