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.
28870 US Highway 19 North, Suite 320, Clearwater, FL, 33761
At Mortgage Alliance, LLC, (PMA) was founded in 2014 by its President and CEO Mr. Michael L. Banner. We operate in Florida and New Jersey
Mr. Banner brings 36 years of mortgage experience to the table and has established PMA as a premier mortgage company offering Fannie Mae, Freddie Mac, FHA, VA and Reverse Mortgages.
OJ Mortgage Inc. do business the old fashioned way – one by one, family by family. We understand that obtaining a mortgage is one of the most important decisions many of us will ever make and it is our duty to make sure that you make the right one for you and your family. We will always provide you with the mortgage program that’s right for you
Heckman Mortgage Group Brian leads team of talented mortgage professionals, which is best known in the mortgage and real estate communities for closing ahead of schedule, communicating and following-up proactively throughout the entire process, and helping Realtors® and Loan Officers grow their businesses.
Home Capital Corporation was founded in 1998 by Billy Davis, who is still President and Primary Broker Loan Officer. Our motto is "Home Loans from REAL People Who Care" and we live up to this every day. We offer the best service and pricing in the industry, and our customers have rated us with 5 Stars in ALL Reviews because we follow through.
Dakota Star FCU is a full service federal credit union located in Rapid City, South Dakota. We offer a complete menu of financial products and services to our members. Because we are a not-for-profit credit union, all of our proceeds are returned to our members in the form of higher yields on their savings and lower rates on their loans.
Blue Ribbon Mortgage and Investments. We are located in Rapid City, SD, but can help you with your home loan anywhere in the Black Hills. We are not only licensed in the Black Hills but anywhere in South Dakota, North Dakota, Wyoming, Montana & Colorado. We provide Purchase or Refinance Lending.
2295 South Hiawassee Road, Suite 207, Orlando, FL, 32835
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
6735 Conroy Road, 2nd Floor, Suite 219, Orlando, FL, 32835
At Multi Home Loans, LLC we educate and empower people to make smart financial decisions with their mortgage in order to build wealth, having amazing rates and low costs! We are not your average mortgage broker, we provide our clients with an unmatched level of product, price and service will always remain our top priority.
Mortgage Solutions has created custom financing options for Commercial and Residential borrowers since 1995. We've worked with clients who have phenomenal credit scores and clients with credit challenges. Our past clients happily refer their friends, family, and co-workers to us because they know our staff delivers on our promises.
