USDA Vs. FHA Pro and Con comparison in Godfrey, Madison County, IL

For 2025, the USDA loan limit in Godfrey, within the county of Madison, IL, is $336,500. The FHA limit for a single-family home is $472,030.

Use Lendersa® USDA loan calculator to compare today's top rates between USDA and FHA loans, and figure out necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator displays USDA, FHA, Conforming, and VA side by side, helping you select the best fit for your financial scenario in .

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2025 Loan Limits and Down Payment Requirements in Godfrey, Madison, IL

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

Available USDA and FHA Loan Options in Godfrey, IL

Lendersa® aims to get you the best USDA or FHA loan quickly, without hassle. Start with one of three pathways to get matched with lenders and USDA programs.

Results of Lendersa USDA loan request and matching

Understanding USDA Loans in IL

A USDA home loan, backed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is available only in rural areas. It requires no down payment, in contrast to FHA loans which need at least 3.5% down.

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



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  • LIndell Bank is a full service community bank with 12 locations in the greater St. Louis area. It has over $500M in total assets and a capital to asset ratio of over thirteen percent. We are relationship bank and welcome your business. Please contact me for all of your banking needs.
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