USDA Vs. FHA Pro and Con 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.
The American National Bank was organized with Lou Cardin as its Chairman and president in 1917. Chartered as the third bank in Baxter Springs and capitalized for $50, 000.00, the company was composed of R.I. Walker, W.T. Apple, L.L. Cardin, Dr. Boswell and others. The Bank purchased property at the corner of Military & River Streets.
Security Bank's heritage is one built on financial strength and integrity. Our corporation was chartered as a state bank on April 3, 1931. At that time, it was called Newbern State Bank and was located in downtown Newbern.
In October 1968, the name was changed to Security State Bank to reflect its expansion into other Dyer County towns.
Chartered in 1988, as a bankers' bank, Independent Community Bankers' Bank has enjoyed providing community banks with personalized correspondent banking services for more than 30 years. ICBB is organized to only do business with banking institutions and is owned solely by the customer banks it serves.
Great Lakes Federal Credit Union and its members have enjoyed rich longevity in the Great Lakes Bay Region. Our story began in 1936, with the introduction of Wolverine Knitting Mills Federal Credit Union and includes mergers with the former Industrial Brownhoist Employees Federal Credit Union, Bay Medical Credit Union, and Birch Run Area Credit Uni
United Bay Community Credit Union (UBCCU) was founded with one core purpose in mind: to build and foster the financial well-being of our community. More than just a bank, UBCCU is a member-owned, not-for-profit financial institution. We provide a safe place to grow strong financial roots.
East River Federal Credit Union was founded in October 1956 through the vision of several early members who pooled their resources to create a credit union. Today, we are a healthy, growing, stable financial institution committed to the success and financial well-being of our members and our community.
The Carey Poverello Federal Credit Union was organized on April 28, 1950 with 36 members serving the O.L.C. Parish, St. Nicholas Parish in Frenchtown, and St. Joseph Parish in Salem. The credit union was founded by Father Francis Xavier Knopp and Hilda Jacob oversaw the daily operations.
Chiropractic Federal Credit Union (CFCU) began as a federally chartered credit union in 1950, when a group of Chiropractors were having difficulty obtaining loans from other financial institutions in order to advance their practices. These Doctors decided to pool their resources and form a credit union that would provide them with savings programs,
