USDA Loan Vs. FHA loan pro & con for Mount-Carmel, Wabash County, IL

In 2025, 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.

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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.

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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.

(800) 311-8040 243 miles Lender's profile and map Reviews THE ANDERSON FINANCIAL GROUP, INC. 2421 N. Ashland Ave, Chicago, IL, 60614 The Anderson Financial Group, Inc., an Illinois Corporation, was founded in 1998 by Mike Anderson. We are headquartered in Chicago, Illinois, with branch offices located in Illinois, Michigan and Arizona.We are licensed to assist homeowners with residential mortgage loans in the following states: Arizona, California, Colorado and more
(800) 522-6611 243 miles Lender's profile and map Reviews Notre Dame Federal Credit Union 1828 Moreau Dr, Notre Dame, IN, 46556 Notre Dame Federal Credit Union was born on a sunny afternoon in May 1941, during the course of a conversation at a small tavern off of Notre Dame Avenue. From our humble beginnings operating out of the night watchman's office in the Main Building on the campus of the University of Notre Dame,
(773) 377-9319 243 miles Lender's profile and map Reviews Key City Lending Inc. 2121 W. Army Trail Rd, Suite 108, Addison, IL, 60101 "Key City Lending, America's Lender, matches borrowers through technology and high-touch customer care with the credit they need. As a fast-growing national consumer lender, Key City Lending is at the fore-front of the mortgage industry. Key City Lending is passionate about emerging financial technology"
(260) 637-5546 243 miles Lender's profile and map Reviews Farmers and Merchants Bank PO Box 158, Laotto, IN, 46763 Our mission is to be a profitable and sound community bank, perceived as the best in our market area through the eyes of our customers, community, employees, & shareholders Our mission is to be a profitable and sound community bank, perceived as the best in our market area through the eyes of our customers, community, employees, and sharehold
(309) 593-2117 244 miles Lender's profile and map Reviews 1st Community Bank 407 Third Street, Sherrard, IL, 61281 1st Community Bank is a branch office of 1st Community Bank. They provide the following services: Full Service Office Location & are located at 407 Third Street in Sherrard Illinois. Mobile & traditional directions to this location can be found below along with ratings, their phone number, online banking website and additional banking information
(800) 348-7468 244 miles Lender's profile and map Reviews Everence Trust Company 1110 North Main Street, Goshen, IN, 46527 Everence® is a Christian-based, member-owned financial services organization dedicated to helping individuals, organizations and congregations incorporate their faith and values with their decisions about money. Through our national team of professionals, Everence offers banking, insurance, investments, asset management, financial planning, charita
(573) 214-4207 244 miles Lender's profile and map Reviews Shelter Insurance FCU 1817 West Broadway, Columbia, MO, 65218 Shelter Insurance Federal Credit Union was chartered by the State of Missouri in 1958 to serve its members in financial matters—to promote thrift among members by providing an opportunity to accumulate savings and a source of credit at fair and reasonable rates. The Credit Union received a federal charter in 1979,
(573) 874-1477 244 miles Lender's profile and map Reviews MISSOURI CREDIT UNION 111 E Broadway, Columbia, MO, 65205 We are not a bank. We are member–based. When you work for your members, you deliver a completely different experience. At Missouri Credit Union, our members matter and we’re committed to seeing them and their money do more. Serving central Missouri, with branches in Columbia and Jefferson City.
(773) 404-7800 244 miles Lender's profile and map Reviews NETWORK MORTGAGE, LLC 3516 North Ashland Ave, Unit C, Chicago, IL, 60657 Network Mortgage has been dedicated to providing the highest level of customer service. At Network Mortgage we take pride in what we do and are committed to continually improving and expanding the quality of service offered. Our continued growth and success is evidence of our record and speaks to the trust
312-741-3656 244 miles Lender's profile and map Reviews FBC Funding 3047 N. Lincoln Ave., Suite 400, Chicago, IL, 60657 FBC Funding is a Commercial Mortgage Broker specializing in helping residential and commercial real estate investors meet their financing goals. We offer a wide variety of financing terms for investors including fix and flip, buy and hold, blanket and lines of credit for residential and commercial properties.