USDA Vs. FHA Pro and Con comparison in Effingham, Effingham County, IL
As of 2025, the USDA loan cap for Effingham, situated in the county of Effingham, IL, stands at $336,500, while the FHA limit for a single-family residence is $472,030.
To compare the current USDA and FHA rates, as well as to understand the income, credit scores, reserve needs, and documents required for eligibility, try the Lendersa® USDA loan calculator. Our state-of-the-art mortgage calculator lets you evaluate USDA, FHA, Conforming, and VA options side by side, assisting in choosing which plan in best fits your unique financial circumstances.
For 2025, loan limits and down payment details in Effingham, county of Effingham, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conforming (Conventional)
$726,200
3%
USDA and FHA financing possibilities in Effingham, IL
The objective of Lendersa® is to swiftly and conveniently secure you the most suitable USDA or FHA loan. You can initiate this process with one of the three options provided, leading to a match with lenders and available USDA loan schemes.
A USDA home loan, officially termed a USDA rural development loan or USDA mortgage, is backed by the government Department of Agriculture and designated strictly for rural areas. Contrasting with FHA loans, which mandate a minimum of a 3.5% down payment, USDA mortgages require no down payment whatsoever.
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