USDA Vs. FHA your options comparison in Milan, Rock Island County, IL
In 2025, the USDA loan limit in Milan, county of Rock Island, IL is $336,500, whereas the FHA limit is $472,030 for a single-family home.
Use the Lendersa® USDA loan calculator to compare today's top rates between USDA and FHA programs. This tool helps you understand the income, credit, reserves, and documents required for qualification. By using this advanced mortgage calculator, you can see USDA, FHA, Conforming, and VA options side by side to determine which program in best suits your financial situation.
2025 Loan Limits and Down Payment Requirements in Milan, County of Rock Island, 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 Options in Milan, IL
Lendersa® aims to provide you with the best possible USDA or FHA loan quickly and without hassle. Start with one of three options to match you with appropriate lenders and USDA loan programs.
The USDA home loan, guaranteed by the government's Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is exclusively available for rural neighborhoods. In contrast to FHA loans requiring at least a 3.5% down payment, USDA loans need no down payment, thus simplifying the path to homeownership for qualified rural residents.
As a leading hard money lender, our focus is more on collateral and less on your financial situation. If you have satisfying collateral, we can close your hard money loan in a matter of days. We can close loans quicker than traditional loans. Get your Funds closed quicker than with usual loans.
188 Valley Street, Suite 225, Providence, RI, 02909
It’s the shortest path to your new home. We’ve compressed a meandering journey into a Beeline. We’re inverting the power imbalance felt during the home loan process so you don’t feel small, judged or interrogated — only included and at ease. we’ve succeeded when it no longer feels daunting — but feels less important than your housewarming party.
Cumberland Municipal Employees Federal Credit Union
2145 Diamond Hill Road, Cumberland, RI, 02864
Cumberland Municipal Employees Federal Credit Union of Cumberland, RI has 1163 members and assets of $7.5 million. The Credit Union, opened in 1962, as the Cumberland School Employees Credit Union. Then in 1993 it was changed to Cumberland Municipal Employees Federal Credit Union.
Home Loan Investment Bank is a Federally Regulated Savings Bank that has been assisting homeowners for over 35 years. Since 1971 we have helped over 75, 000 people refinance their homes, consolidate their debt, purchase new homes and take cash out for life expenses. We take pride in our ethical business conduct, superior customer service.
Wave was originally established in 1938 as the Narragansett Electric Employee's Federal Credit Union. In 2003 we merged with Hasbro Employee's Federal Credit Union & in 2008 merged with Anchor Federal Credit Union, formerly Warwick Municipal Employee's Federal Credit Union. Then in 2011, we merged with Cottrell Federal Credit Union in Westerly, RI.
Greenwood Credit Union has a long history of providing high quality financial services to individuals and families throughout Warwick, Kent County, the State of Rhode Island and beyond. Founded in 1948, Greenwood Credit Union has always shown a strong commitment to the financial well-being of the families, businesses and communities that we serve.
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services.
The Mortgage Corner® of New England is a licensed mortgage broker in Massachusetts and Rhode Island offering a full selection of mortgage products represented by many national mortgage lenders. Our combined 60 years of mortgage experience assures you that we will guide you through each step of the mortgage process with ease.
