USDA and FHA Pro and Con in Mount-Carmel, Wabash County, IL

In 2024, USDA loan limit in Mount-Carmel, county of Wabash, IL is $285,000 while FHA limit is $356,362 for a single-family home.

Use Lendersa® USDA loan calculator to compare today's USDA VS FHA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the USDA, FHA, Conforming, and VA side by side to help you decide which program in is best for your particular financial situation.

Compare loan offers from 100 lenders

2024 loan limits and downpayment requirments in Mount-Carmel, county of Wabash, IL

Loan Type Loan Limit Down payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

USDA and FHA loan options in Mount-Carmel, IL

Lendersa®' goal is to get you the best possible USDA loan or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and the USDA loan programs.

Lendersa USDA loan request and matching results

What is USDA Loan in Illinois?

USDA home loan is a loan guaranteed by the government Department of Agriculture AKA USDA rural development loan or USDA mortgage and is available in rural neighborhoods only. Unlike FHA loans that require a minimum of 3.5% down payment, the USDA mortgage loan does not require any down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



  • Safe Haven Mortgage Inc
  • 1355 Terrell Mill Rd, Building 1464, Suite 216, Marietta, GA, 30067
  • At Safe Haven Mortgage Inc in Marietta, Georgia, we keep in mind your best interest. We value our relationships with you and won’t hesitate to go over and beyond your expectations. Our mission is to serve you with integrity, honesty, and competence. We can help you overcome any challenges that arise when securing your home loan.
  • Mortgage Atlanta LLC
  • 601 Woodlawn Dr. NE, Suite 340, Marietta, GA, 30067
  • Mortgage Atlanta LLC Launched in 2009 by a team of financial experts who are passionate about helping people realize their dreams, Mortgage Atlanta understands that no two homebuyers or homeowners are exactly the same. That’s why we seek first to get to know you and your needs on a granular level.
  • Grace Financial Network LLC
  • 113 Atlanta Country Club Drive SE, Marietta, GA, 30067
  • Grace Financial Network we're 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 and straightforward.
  • Residential Funding Consultants LLC
  • 111 Village Parkway NE, Bldg 2, Suite 100, Marietta, GA, 30067
  • Residential Funding Consultants provide lending knowledge to best suit your current needs. With over 15 years of experience, our Consultants have excelled in both good and poor economic times by adapting with the changing markets and searching out the best solutions for their clients.
  • STONE OAK MORTGAGE LLC
  • 2470 Windy Hill Rd, Suite 211, Marietta, GA, 30067
  • STONE OAK MORTGAGE LLC IS a full service mortgage broker with an experienced staff offering expertise in every area of mortgage lending…from purchase to refinance to construction lending. We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates
  • Central Bank of Kansas City
  • 2301 Independence Boulevard, Kansas City, MO, 64124
  • Central Bank of Kansas City is a local community bank that has provided financial services for individuals and businesses since 1951. Central Bank has been family-owned since the 1960s and has been certified as a Community Development Financial Institution (CDFI) since 1998 by the US Treasury Department.
  • The Baraboo National Bank
  • 101 Third Avenue, Baraboo, WI, 53913
  • Baraboo State Bank has served the people of Baraboo and its surrounding communities since 1857. The bank is locally owned and operated. We are a member of The Baraboo Bancorporation, Inc. holding company. We take pride in providing our customers with excellent customer service, a wide variety of accounts, and competitive loan rates.
  • Silverline Lending
  • 39500 Orchard Hill Place, Suite 300, Novi, MI, 48375
  • Silverline Lending is an equal housing lender and we specialize in brokering residential mortgages throughout the great state of Michigan (MI). We provide all the services offered by big banks without the red tape and high pricing. We see the best in you and deliver the best for you.
  • Pathway Mortgage
  • 39555 Orchard Hill Place, Suite 600, Novi, MI, 48375
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. We've been helping customers afford the home of their dreams for many years and we love what we do.
  • Advisors Capital, Inc.
  • 9810 Grand River Ave, Suite C-200, Novi, MI, 48375
  • We are a privately owned, Michigan Corporation, licensed as a First Mortgage Broker and Lender in the State of Michigan. We are also registered as a Second Mortgage Broker and Lender. Our in-house mortgage team expedites the process and our technology keeps you informed and connected all the way through closing and beyond.