USDA Vs. FHA your options comparison in Monticello, Piatt County, IL
In 2025, the USDA loan limit for Monticello, situated in the county of Piatt, IL, is $336,500. Meanwhile, the FHA limit for a single-family home is set at $472,030.
Utilize the Lendersa® USDA loan calculator to assess today's best rates between USDA and FHA loans. Determine the necessary income, credit, reserves, and documents for eligibility. Our advanced mortgage calculator allows comparison of USDA, FHA, Conforming, and VA options side by side, helping you select the best program in that suits your financial needs.
2025 Loan Limits and Down Payment Requirements in Monticello, County of Piatt, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Monticello, IL
Lendersa® is committed to finding you the most suitable USDA or FHA loan quickly and hassle-free. Choose one of three starting paths to connect with lenders offering USDA loan programs matched to your needs.
A USDA home loan, also known as a USDA rural development loan or mortgage, is backed by the U.S. Department of Agriculture. It is available solely in rural areas. Unlike FHA loans needing a minimum down payment of 3.5%, USDA loans require no down payment, providing a significant benefit to those who qualify.
409 Center Street, Suite C, Johnsonburg, PA, 15845
PennTech Federal Credit Union has been open since 1960. The credit union has assets totaling $12.12 Million and provides banking services to more than 1, 000 members. The credit union is a member-owned financial cooperative providing financial banking services to multiple member groups, but primarily serves manufacturing employees.
RiverHills Bank has been the financial institution of choice for many individuals, businesses and organizations throughout Mississippi since 1890. Our customers value the personal service we provide and are secure in the knowledge they are working with a locally owned bank that shares their sense of community.
AMS Mortgage, a Mississippi Licensed Mortgage Company, 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.
Lowry State Bank was first organized in 1899 but wasn’t officially chartered until December 26, 1907. Andrew Jacobson was the Bank’s first President; he served in that position until January 6, 1926 when Iver Engebretson succeeded him as President.
On November 8, 1932, the Bank assumed the assets.
CCSE Federal Credit Union was founded by local teachers in 1977. Initially a teacher’s credit union, we have now expanded to serve everyone who lives or works in Cattaraugus County. CCSE is a full service financial institution. We offer savings and checking accounts, as well as low rates on a variety of lending products.
We commit to treat each customer exactly as we want to be treated. We choose to preserve our history of perseverance, determination, hard work. We choose to respect our heritage of commerce and transport, of culture and gracious living, of fields of industry. We choose to build on that foundation with professionalism, technology.
Horatio State Bank has been family owned and operated since 1905, putting us in the unique position of living and working alongside you. As a full service bank, we at HSB would love for you to join our family and let us help you meet your financial needs. At Horatio State Bank in Arkansas, they have supplied customers with various options.
At The Bank N.A., we offer a full range of credit options. Whether you are making a major purchase - like a house, car, boat, or even a herd of cattle - we have a loan that fits your needs. Or, maybe you’re starting the business of your dreams or simply want to spruce up the one you have, well, we have loans for that too
