USDA Loan Vs. FHA loan pro & con for Forsyth, Macon County, IL

In 2024, USDA loan limit in Forsyth, county of Macon, IL is $336,500 while FHA limit is $472,030 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 Forsyth, 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.

(218) 768-2410 https://grandtimberbank.com/ 512 miles Lender's profile and map Reviews Grand Timber Bank 204 North Maddy Street, McGregor, MN, 55760 A local, community bank is important to the area. All financial decisions are made by people who live and work in the community, understanding its needs. Originally located in the northern portion of the bowling alley building, the bank grew and a narrow addition was added to the north connecting it to the former Iverson garage building.
(678) 284-3305 https://www.heritagebank.com/ 512 miles Lender's profile and map Reviews Heritage Bank USA 101 N. Main St, Jonesboro, GA, 30236 Heritage Bank, a state chartered commercial bank, has been serving metro Atlanta's Southern Crescent since 1955. The independent community bank has six full service offices, features a well-rounded offering of commercial and consumer products, and is an active, involved member of the community it serves.
(877) 491-4848 https://www.eldertonbank.com/ 512 miles Lender's profile and map Reviews Elderton State Bank 143 Main Street, Elderton, PA, 15736 Elderton State Bank’s mission is to create long-term value for customers, shareholders, employees, and the communities we serve by providing high quality, personal service Elderton State Bank was founded in Elderton, Pennsylvania in 1919. Since that time, the Bank has grown in assets to over $230 million and serves customers in 20 Pennsylvania coun
(218) 829-9065 https://bbncu.org/ 513 miles Lender's profile and map Reviews Brainerd BN Credit Union 804 Laurel Street, Suite 101, Brainerd, MN, 56401 Brainerd BN Credit Union was organized on November 25, 1940 as Brainerd NP Credit Union to serve the needs of the Northern Pacific Railway workers in central Minnesota. In 1970, after a merger changed the name of the local railway, Brainerd NP Credit Union changed its name to the name we use today, Brainerd BN Credit Union.
(540) 474-2430 https://bluegrassvalleybank.com/ 513 miles Lender's profile and map Reviews The Blue Grass Valley Bank 2583 Blue Grass Valley Road, Blue Grass, VA, 24413 With locations in Blue Grass and Monterey, Virginia, we have been serving our neighbors in Highland County, Virginia, and Pendleton County, West Virginia, as well as surrounding counties, since 1915. We take pride in providing our customers with a level of sincerity and service unlike any other.
(404) 425-3875 http://www.hlpros.com 513 miles Lender's profile and map Reviews Home Loan Pros, Inc 2011 Commerce Drive N F, Suite 113, Peachtree City, GA, 30269 Lead by our president Les Pruitt, we have assisted hundreds of individuals and families get the home of their dreams without putting them in tough spot financially.When you work with one of trusted loan officers you will always have the ability to customize your loan to fit your mortgage needs.
(540) 344-4419 https://www.salemvafcu.org/ 513 miles Lender's profile and map Reviews SalemVA Credit Union 112 West Main Street, Salem, VA, 24153 Salem VA Credit Union is a member-owned cooperative that operates on a not-for-profit basis. As a federal credit union, we are chartered, supervised and insured by the federal government through the National Credit Union Administration (NCUA). The NCUA insures member share accounts up to $250, 000 per member.
(540) 387-5267 https://kembafcu.org/ 513 miles Lender's profile and map Reviews Kemba Roanoke Federal Credit Union 2812 West Main Street, Salem, VA, 24153 KEMBA has been providing families financial security for well over seventy-five years. Since we're a non-profit financial institution, we return our profits back to our members in the form of better rates, lower fees, and free or low-cost services. We are run by a volunteer board of directors elected by members like you.
(580) 388-4345 https://stateexchangebank.com/ 513 miles Lender's profile and map Reviews The State Exchange Bank 1280 Main Street, Lamont, OK, 74643 The State Exchange Bank opened in Salt Fork, Oklahoma on October 1, 1901. As a result of circumstances brought about by the nation’s financial crisis in the early 1930s, the bank was moved to Lamont in 1935. Since its beginning, the bank has remained a locally-owned independent community bank.
(814) 354-7311 https://fun-bank.com/ 513 miles Lender's profile and map Reviews First United National Bank 19535 Route 208, Fryburg, PA, 16326 First United National Bank was founded in August 1909 and is based in Fryburg, Pennsylvania. The bank operates as a subsidiary of Fryburg Banking Company, Inc.. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, First United National Bank is classified as a commercial bank, national charter
(864) 948-8200 https://www.vitalfcu.com/ 513 miles Lender's profile and map Reviews VITAL FCU 1000 Asheville Highway, Spartanburg, SC, 29303 VITAL Federal Credit Union exists for you – for your financial health, for your access to a fair source of credit, for your community, and for your ability to reach your financial goals. We believe these are necessary aspects of your life. You could say we think they are VITAL.As a member of VITAL Federal Credit Union.