USDA Loan Vs. FHA loan pro & con for Gillespie, Macoupin County, IL

In 2025, USDA loan limit in Gillespie, county of Macoupin, 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 Gillespie, 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.

(479) 321-3355 309 miles Lender's profile and map Reviews Bank of Little Rock Mortgage 500 SE Walton Blvd, Suite 18, Bentonville, AR, 72712 Bank of Little Rock Mortgage is a leading mortgage lender founded and headquartered in Arkansas. We originate residential home loans such as FHA, VA, Conventional, Rural Development and bond loans. We have several branches located throughout Arkansas, Alabama, Missouri. Florida and Utah.
(479) 250-4485 309 miles Lender's profile and map Reviews Hero Mortgage, LLC 609 SW 8th Street, Suite 600, Bentonville, AR, 72712 Hero Mortgage, LLC you’re buying, selling, refinancing or building your dream home, you have a lot riding on your Loan Officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who can give you quick and accurate financial advice.
(479) 279-3037 309 miles Lender's profile and map Reviews New Season Mortgage, LLC 900 SE 5th Street, Suite 22, Bentonville, AR, 72712 New Season Mortgage is a wholesale mortgage company. This simply means that we have more options to offer you. It allows you to shop for the best loan within your budget from one convenient place. No application fee. No Processing fee. The lowest interest rates in the industry.We’re local but offer a completely digital, streamlined experience.
(931) 528-9400 310 miles Lender's profile and map Reviews Middle Tennessee Federal Credit Union 1255 East Spring Street, Cookeville, TN, 38501 We are a not-for-profit federally chartered and insured financial institution. Not-for-profit means that there are no outside investors and our Board of Directors is elected by the membership. They donate their time and expertise to serve you, the member. Further, all the credit union’s earnings are returned to you, our member-owner.
(931) 528-6372 310 miles Lender's profile and map Reviews Putnam 1st Mercantile Bank 200 West Jackson Street, Cookeville, TN, 38501 Putnam 1st Mercantile is one of only two banks that is both locally owned & operated in Putnam County. The bank was organized by a group of Putnam County residents looking for a true community bank. The organizers wanted a bank where customers could still be treated like family and were they could interact with someone capable of making a decision.
(615) 589-3999 310 miles Lender's profile and map Reviews Skyway Financial 905 W Broad St, Suite A4, Cookeville, TN, 38501 At Skyway Financial, LLC. We are a full-service mortgage company. We specialize in Conventional Refinance and Home Purchases. Whether you are buying a home or refinancing, we can help you realize your dream of homeownership or save you money when getting your new lower monthly payment.
(931) 526-9942 310 miles Lender's profile and map Reviews GUARANTY MORTGAGE SERVICES, LLC 312 E Broad St, Suite B, Cookeville, TN, 38501 "We offer hundreds of loan programs and mortgage choices to our customers, but our strength lies in the knowledge and experience of our loan officers. Many of our loan officers have been in the industry for decades and have successfully handled all types of home buying situations. Our loan officers are responsive.
(931) 284-7236 310 miles Lender's profile and map Reviews Seagrave Mortgage 530 W Jackson St, Cookeville, TN, 38501 Whether you dream of buying your first home, refinancing your current mortgage or consolidating debt, our highly experienced team of mortgage professionals will work with you to find the best loan program to fit your budget and your needs. Seagrave Mortgage officers and refinance experts
(402) 245-2491 310 miles Lender's profile and map Reviews F&M Bank 1701 Stone Street, Falls City, NE, 68355 F&M Bank in Falls City. We offer a comprehensive package of financial products and services. But perhaps most importantly, our bank is built on a friendly and knowledgeable staff who truly enjoy helping our customers meet their financial needs. At F&M Bank, you will find that our bank is large enough to meet all of your financial needs
(859) 987-2951 310 miles Lender's profile and map Reviews Blue Grass Federal 600 High Street, Paris, KY, 40361 Blue Grass Federal Savings and Loan has served Bourbon County and the surrounding area since 1959. As a mutual thrift, Blue Grass Federal is owned by those we serve. Our goal is, and has always been, to meet the financial needs of our customers by maintaining a staff of knowledgeable, friendly employees.
(785) 266-7533 311 miles Lender's profile and map Reviews Topeka Firemen's Credit Union 2447 SE 29th Street, Topeka, KS, 66605 The Topeka Firemen's Credit Union was established to foster economic democracy by bringing the ideal of economic freedom to our members through the use of money based upon the beneficial needs of the members and not greed. We promote thrift by receiving our Members' savings in the payment of shares and extend loans to our Members.