USDA Vs. FHA your options comparison in Granite-City, Madison County, IL
During 2026, within Granite-City, located in Madison county, IL, the USDA loan ceiling is $285,000, while the limit for FHA loans is $356,362 for a single-family home.
Utilize the Lendersa® USDA loan calculator to compare leading USDA against FHA rates currently available and evaluate the income, credit score, reserves, and paperwork necessary to qualify. Our advanced mortgage calculator showcases USDA, FHA, Conforming, and VA loans in parallel, assisting you in selecting the program that best suits your specific financial scenario in .
2026 Loan Limits and Down Payment Requirements in Granite-City, Madison, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Explore USDA and FHA Loan Options in Granite-City, IL
Lendersa® strives to quickly find you an optimal USDA or FHA loan without hassle. Choose one of three entry points for connecting with lenders and USDA loan programs.
The USDA home loan is a government-backed loan by the Department of Agriculture, also known as a USDA rural development loan, available exclusively in rural communities. Unlike FHA loans that demand a minimum of 3.5% down payment, USDA mortgages require no down payment.
Midwest Members Credit Union has been serving our membership since 1935. . With our recent expansion, now people in 10 Illinois Counties are eligible for the benefits of being a member of Midwest Members Credit Union. Great savings and loan rates, most recent banking technology, mobile and online banking, and service to our communities
Founded in 1941 as a source of loans and basic savings products, GCS Credit Union has always focused on the member. Through the years, that philosophy has served us well, helping us grow from a single office in Granite City to a full-service financial institution serving the following Illinois counties: Sangamon, Logan,
Qualify 4 mortgage common Types of Mortgage to help you determine which loan would be best for you. You should consult with Dave Anderson to determine which type of mortgage is best suited for your individual circumstance. We specialize in these loans FHA Mortgage, VA Mortgage, Conventional Loan and more.
SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
Mortgage Makers is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
1st MidAmerica Credit Union has been helping families achieve their financial goals. 1st MidAmerica is a not-for-profit financial cooperative dedicated to the financial success of its members. 1st MidAmerica is a full service financial institution offering mortgages, auto loans, checking accounts, money markets, certificates and more
230 S Buchanan St, Suite A, Edwardsville, IL, 62025
Lends in Illinois
American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.
Liberty Bank, headquartered in Alton, Illinois, was founded by area businessmen in 1994. Expanding to Godfrey in 1997 and Bethalto in 2006, it has since grown to include a total of four locations serving Madison County. In 2017, Liberty Bank joined United Community Bank and now includes more than 100 Bank & ATM locations
