USDA and FHA Pro and Con in Momence, Kankakee County, IL
For 2025 in Momence, part of Kankakee county, IL, the USDA loan limit is $336,500, while the FHA cap for a single-family home is $472,030.
Take advantage of the Lendersa® USDA loan calculator to evaluate today's top USDA against FHA rates. Determine the income, credit, reserves, and required documents to qualify. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA options side by side, helping you decide on the best program in for your financial needs.
2025 Loan Limits and Down Payment Requirements in Momence, Kankakee County, 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 Momence, IL
Lendersa® is committed to swiftly securing the best USDA or FHA loan for you without hassle. Choose one of three starting points to connect with matching lenders and USDA programs.
A USDA home loan, guaranteed by the U.S. Department of Agriculture and also called a USDA rural development loan or USDA mortgage, is available only in rural areas. FHA loans require a minimum 3.5% down payment, whereas USDA loans have no down payment requirement.
Heartland Credit Union was formed April 1, 1948. The Credit Union started life with 14 members and $315.00 in assets. The original place of business was in the home of Clyde and Lela Burk at 528 E. Sherman in Hutchinson. We've grown to many branches throughout Central Kansas, a far cry from our original home in a residence on E. Sherman Avenue.
Farmers State Bank is a locally owned and operated community bank which has been proudly serving the CSRA for over 100 years. We offer a wide array of deposit products and services to our customers with competitive rates on checking, savings, certificates of deposit, and IRA accounts.
At First National Bank, we strive to provide our customers with the friendliest and most efficient banking services possible. We are confident we will be able to serve you and meet your banking needs. We offer convenience at your fingertips with our state-of-the-art mobile banking app and other 24-hour online services.
On March 22, 1892, a citizens meeting was held at the Jasper County Courthouse, Monticello, Georgia, to issue stock at $100.00 per share to establish Bank of Monticello. The Jackson Banking Company was custodian for the funds. Operations began in a storeroom rented from M. S. and L. O. Benton. A lot was offered by James Lewis
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2440 Market Street NE, Suite 901, Washington, DC, 20018
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Fortis Mortgage is a respected mortgage brokerage company that helps clients in Washington, DC, Maryland and Virginia get the best possible mortgage for their home-buying or refinancing dollars. Guided by the deep industry expertise of our President, Shawn Williams, we collaborate closely with clients to determine their loan eligibility, and work
