USDA Vs. FHA Pro and Con comparison in Gibson-City, Ford County, IL
For the present year 2025, the USDA loan limit for Gibson-City in Ford county, IL, is $285,000, whereas the limit for FHA in the same area for a single-family home is $356,362.
Utilize the Lendersa® USDA loan calculator for comparing today's USDA and FHA top rates. This tool aids in identifying income, credit, reserves, and necessary documentation for qualification. Our advanced mortgage calculator lays out USDA, FHA, Conforming, and VA options side by side, providing clarity on which program is optimal for your financial situation in .
2025 Loan Limits and Down Payment Needs in Gibson-City, Ford, IL
Loan Category
Max Loan
Initial Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Paths in Gibson-City, IL
The primary aim of Lendersa® is to facilitate obtaining an ideal USDA loan or FHA loan efficiently and with ease. Choose from three initial options to match with lenders and explore various USDA loan programs.
The USDA home loan, supported by the Department of Agriculture, also known as the USDA rural development loan, is solely for rural areas. This differs from FHA loans that demand a minimum down payment of 3.5%, as USDA loans require no down payment whatsoever.
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market.
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