In 2025, the loan limit for USDA in Mount-Carmel, located in Wabash county, IL, is $285,000. In comparison, the FHA limit for a single-family home is $356,362.
Utilize the Lendersa® USDA loan calculator to compare the best current rates from USDA versus FHA, and figure out the necessary income, credit score, reserves, and documents needed to qualify. Our advanced mortgage calculator lets you examine USDA, FHA, Conforming, and VA programs side by side, enabling an informed decision about which option in best suits your unique financial situation.
2025 Loan Limits and Down Payment Requirements in Mount-Carmel, Wabash County, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Options for USDA and FHA Loans in Mount-Carmel, IL
The core objective of Lendersa® is to secure the best USDA or FHA loan for you swiftly and without hassle. Start with one of three paths to find matching lenders and USDA loan programs.
A USDA home loan, often referred to as a USDA rural development loan or mortgage, is backed by the U.S. Department of Agriculture and is available exclusively in rural areas. Unlike FHA loans that impose a minimum down payment of 3.5%, USDA loans require no down payment, providing a significant benefit for eligible borrowers.
East Idaho Credit Union was founded in 1935 under the name Idaho Falls U.S. Government Employees Federal Credit Union. In 1963, the name was changed to East Idaho Federal Credit Union and in 1998 became East Idaho Credit Union. Today, it remains one of the oldest Credit Unions in Eastern Idaho. Of the sixteen credit unions started in 1935,
Rebound Financial is locally owned & operated in Idaho Falls, ID. We believe in local, personal service because not every customers situation is the same. We truly look at each application on a case by case basis working with bad credit since 2008. WE SPECIALIZE IN CUSTOMIZING A LOAN FOR EACH PERSON based on what they are wanting to accomplish.
Westmark Credit Union has been helping the people of Idaho grow financially since 1954. We are a full service financial cooperative, entirely owned by our members and committed to the development of their future. We now have 13 convenient locations throughout Idaho to better serve you.
Lib Properties makes loans to individuals who are unable to go through traditional financing, whether it's credit issues, timing issues, or the type of property. We meet with each borrower so we can clearly understand each and every one of their needs. Our goal is to make sure that every borrower receives professional
Valued Merchant Services has a history of providing merchants and small businesses with electronic payment services at competitive rates. Our promise is simple. if we can not beat your current rates & fees we will give you $500. All we need is a copy of a recent processing statement from your current provider.
The Bank of Commerce. We are looking for enthusiastic, customer service oriented individuals to join our workforce. The Bank of Commerce offers many opportunities for personal growth and professional advancement. Apply Online today to join our team at the best bank in Southeastern Idaho and Western Montana
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Our goal is to professionally and courteously serve the financial needs of our members, while maintaining a sound financial position. We love our community and are grateful to serve you! We provide various deposit accounts, consumer loans, credit cards, home equity loans, electronic account access and online Bill Pay. We are a Credit Union located
North Star Mortgage understands that purchasing a home is one of the biggest purchases of a lifetime. Our competitor’s approach to the mortgage process is notorious for being drawn out, stressful, and risky. We’ve streamlined our process to ensure that the experience of obtaining your mortgage.
Elevate Credit Union is your lifelong financial advocate and we will be there to walk with you through all the journeys and experiences of your financial life. Join us. Let’s create something great together!vate Credit Union is your lifelong financial advocate and we will be there to walk with you through all the journeys.
