USDA and FHA Pro and Con in Mattoon, Coles County, IL
In 2026, the USDA loan limit in Mattoon, located in Coles county, IL, is set at $336,500. Meanwhile, the FHA limit for a single-family home stands at $472,030.
Utilize the Lendersa® USDA loan calculator to compare the best current rates for USDA vs. FHA options and determine the necessary income, credit, reserves, and documents needed for qualification. Our sophisticated mortgage calculator provides a side-by-side comparison of USDA, FHA, Conforming, and VA loans, helping you choose the most suitable option for your financial condition in .
2026 Loan Limits and Down Payment Requirements in Mattoon, Coles, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA Loan Solutions in Mattoon, IL
Lendersa® aims to secure the best USDA or FHA loan for you swiftly, without complications. Choose one of three starting points to connect with matching lenders and the USDA loan options.
The USDA home loan, supported by the government Department of Agriculture and known as a USDA rural development loan or mortgage, is specifically for rural areas. Unlike FHA loans that require a minimum 3.5% down payment, USDA loans need no down payment.
Blaw Knox Credit Union is a great place to save your money. Our share accounts provide a great vehicle for saving money for those special events in life. Maybe you are saving for Christmas, or a wedding. It could be for college education, or just for that rainy day. Whatever the reason, Blaw Knox Credit Union provides better
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