USDA Vs. FHA Pro and Con comparison in Galesburg, Knox County, IL

In 2024, USDA loan limit in Galesburg, county of Knox, 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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2024 loan limits and downpayment requirments in Galesburg, county of Knox, IL

Loan Type Loan Limit Down payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA loan options in Galesburg, 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.

Lendersa USDA loan request and matching results

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.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Sage Lending, LLC
  • 222 East Renfro St, Suite 134, Burleson, TX, 76028
  • Exceptional Service is only the beginning! Our team of mortgage professionals are knowledgeable and use first-hand experience to make sure your transaction is as seamless as possible. We’ll guide you through every step of the process. Helping you meet your real estate goals is why we do what we do.
  • NetFunding Corporation
  • 162 Budd Rd, Newark, NY, 14513
  • NetFunding Corporation's mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a home or refinancing a mortgage. So we make a commitment to you and will help you qualify, apply and be approved for the right mortgage loan for you.
  • Security Federal Bank
  • 238 Richland Ave NW, Aiken, SC, 29801
  • Security Federal Bank is committed to providing the highest level of financial services in a trustworthy, courteous and professional manner, treating all of our customers equitably and fairly. In fact, we have a long tradition of focusing on the customers we serve. Our central theme is Do what’s in the best interest of the customer
  • MOPAC Employees Federal Credit Union
  • 200 South Queen Street, Palestine, TX, 75801
  • MOPAC Employees Federal Credit Union was chartered in 1936 to serve employees of the International Great Northern (IGN) Railroad. In 1956, the IGN Railroad was merged into the reorganized Missouri Pacific Railroad Company (MoPac). In 1999, Southern Pacific Railroad merged with Union Pacific.
  • Texas Exchange Bank
  • 109 N Crowley Road, Crowley, TX, 76036
  • Texas Exchange Bank first opened for business in 1970 and its current location in Crowley, Texas, was opened in 1974. Our second location opened in Fort Worth in November 2010. The Bank is proud of its heritage and that it is the only Crowley-based bank that has stayed committed to the community.
  • Dakota Star Federal Credit Union
  • 3122 W St Louis Street, Rapid City, SD, 57702
  • 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.
  • Affiliated Mortgage
  • 2920 W Main St, Suite 2, Rapid City, SD, 57702
  • Affiliated Mortgage, headquartered in Rapid City, South Dakota is a trusted national mortgage lender and home search tool that is bettering the way customers search and purchase real estate properties. Over the last 15 years, Affiliated Mortgage has helped 1, 000’s of veterans, conventional loan, and first-time homebuyers purchase
  • Blue Ribbon Mortgage and Investments
  • 2025 Jackson Blvd, Rapid City, SD, 57702
  • 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.
  • Bank of Wiggins
  • 109 West Pine Avenue, Wiggins, MS, 39577
  • The Bank of Wiggins opened on December 4, 1916, after the former Peoples Bank in Wiggins was liquidated. According to an article in the Stone County Enterprise, December 1, 1966, Murphy Cooper arrived in Wiggins on the night of December 3, 1916, by train with the necessary cash with which to open the bank.