As we move through 2026, the USDA loan limit in Highland, within Madison county of IL, is established at $336,500, contrasting with the FHA's cap of $472,030 for single-family residences. This is a crucial consideration for potential homebuyers evaluating options in the housing market.
To effectively compare today's premium USDA and FHA rates, make use of the Lendersa® USDA loan calculator. This powerful tool allows you to assess the necessary income levels, credit scores, financial reserves, and documentation required to secure a loan. With our advanced mortgage calculator, you can seamlessly compare USDA, FHA, Conforming, and VA loans side by side, enabling you to choose the best-fit program in that aligns with your unique financial profile.
2026 Loan Limits and Down Payment Requirements in Highland, Madison, IL
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Opportunities in Highland, IL
The mission of Lendersa® is to swiftly connect you with the optimal USDA or FHA loan, ensuring the process is straightforward and hassle-free. Start by selecting one of our three pathways, specifically designed to connect you with potential lenders and USDA loan programs suited to your needs.
The USDA home loan, underwritten by the U.S. Department of Agriculture, also referred to as the USDA rural development loan or USDA mortgage, is exclusively available in rural areas. This loan distinguishes itself from FHA loans, which demand a down payment of at least 3.5%. The USDA loan requires no down payment, which offers a significant financial advantage to eligible borrowers in designated rural communities.
Community Bank of Trenton is headquartered in Trenton and is the 295th largest bank in the state of Illinois. It is also the 4, 071st largest bank in the nation. It was established in 1963 and as of September of 2021, it had grown to 16 employees at 1 location. Community Bank of Trenton has an A health rating.
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.
The Bank of O’Fallon has been proudly serving the needs of O’Fallon, Shiloh and the surrounding areas since 1959. It stands as one of the oldest businesses in O’Fallon and is committed to the future of the metro east as the area continues to grow. Please stop in today or give us a call to see what we can do for you.
1405 N. Green Mount Rd, Suite 250, O Fallon, IL, 62269
Lends in Illinois
Delmar Financial Company is a full-service mortgage company helping new and experienced buyers find their dream homes. Delmar Financial offers a wide range of mortgage products that allow us to fit the best loan to the specific needs of each client. Our products range from conventional, Jumbo, FHA, VA, and more.
Catholic & Community Credit Union to focus solely on serving our members and to provide the best possible loan and saving rates in a friendly and professional manner.Each member of this organization is an owner, and the money contributed to credit union accounts helps to support all members and their financial goals. Because of this cooperative.
