USDA Loan Vs. FHA loan for Mount-Vernon, IL 2026

As of 2026, the USDA loan limit in Mount-Vernon within Jefferson county, IL, is $285,000. For a single-family home, the FHA limit is $356,362.

Utilize the Lendersa® USDA loan calculator to assess today's best USDA versus FHA rates, determining the required income, credit, reserves, and necessary documents for qualification. Our advanced mortgage calculator allows side-by-side comparison of USDA, FHA, Conforming, and VA programs, guiding you in choosing the most suitable option for your financial needs in .

USDA and FHA Loan Options in Mount-Vernon, IL

Lendersa®'s objective is to efficiently provide you with an optimal USDA or FHA loan without hassle. Begin with one of three paths to connect with matching lenders and USDA loan programs.

Understanding USDA Loans in IL

The USDA home loan, backed by the Department of Agriculture and also known as a USDA rural development loan or USDA mortgage, is exclusively available in rural areas. Unlike FHA loans that require a minimum of 3.5% down payment, USDA mortgages require no down payment at all.

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(618) 658-8312 Lender's profile and map Reviews River 2 River Credit Union. 1895 State Route 146 East, Vienna, IL, 62995 The Credit Union was officially founded March 30th, 1972 as the Vienna Correctional Center Credit Union. The name was changed in 2008 to the River to River Credit Union. The credit union was organized for employees working at the Vienna Correctional Center to have a place to save and borrow money.
(618) 833-8506 Lender's profile and map Reviews The Anna -Jonesboro National Bank 201 South Main Street, Anna, IL, 62906 AJNB is proud to be the bank of choice for convenience and customer service in the area. With over a century of service, we have the knowledge and experience that our community has grown to trust and expect. We offer three locations with friendly and knowledgeable staff to serve you.
(618) 833-2151 Lender's profile and map Reviews Anna State Bank 100 East Vienna Street, Anna, IL, 62906 Anna State Bank opened for business on September 18, 1930. When the bank first opened at the corner of Main Street and Vienna Street in Anna, the bank’s resources were around $300, 000, compared to over $75 million today. A.W. Walter was the first President of the bank and was succeeded in 1934 by P.M. West who held the position for many years
(573) 824-5221 Lender's profile and map Reviews Peoples Bank of Altenburg 8537 Main St, Altenburg, MO, 63732 Peoples Bank of Altenburg is here to provide the banking services you need. Serving the communities of Altenburg and Jackson, as well as the surrounding areas, we know the important role community banks play in making communities successful, and we take our role very seriously. We live and work in these communities, and provide the banking services
(217) 532-2030 Lender's profile and map Reviews First Community Bank of Hillsboro 807 South Main Street, Hillsboro, IL, 62049 First Community Bank of Hillsboro was organized, chartered and opened in 1998 by a group of local investors who felt the need for a locally owned and operated bank. In March 2002, the former Bass Funeral Home, with all its beauty and local history, became the new home of First Community Bank of Hillsboro.
(217) 532-3991 Lender's profile and map Reviews Bank of Hillsboro 230 S Main St, Hillsboro, IL, 62049 Bank of Hillsboro, previously known as, National Bank, is headquartered in Hillsboro, Illinois with 11 branches serving South Central Illinois. Bank of Hillsboro is locally owned by and operated. We believe our local ownership provides valuable Insight into the needs of our communities.
(573) 547-6541 Lender's profile and map Reviews Bank of Missouri 916 N Kingshighway, Perryville, MO, 63775 The Bank of Missouri is reaching new heights of service and customer care. Our rich history, reaching back over 12 decades, is our source of motivation. As we look back with pride, we look forward with excitement as our continued growth enables us to meet the ever changing needs of the communities we serve.
(618) 650-3760 Lender's profile and map Reviews SIUe CREDIT UNION 1566 Lewis Road, Edwardsville, IL, 62025 SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
(800) 888-4728 Lender's profile and map Reviews Scott Credit Union 101 Credit Union Way, Edwardsville, IL, 62025 Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
(618) 692-1470 Lender's profile and map Reviews Mortgage Makers Mortgage Makers, Edwardsville, IL, 62025 Mortgage Makers 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 and straightforward.
(618) 977-3386 Lender's profile and map Reviews 1ST MIDAMERICA CREDIT UNION 1702 Troy Road, Edwardsville, IL, 62025 1st MidAmerica Credit Union has been helping families achieve their financial goals. 1st MidAmerica is a not-for-profit financial cooperative dedicated to the financial success of its members. 1st MidAmerica is a full service financial institution offering mortgages, auto loans, checking accounts, money markets, certificates and more
(618) 659-8500 Lender's profile and map Reviews American Home Lending USA, LLC 230 S Buchanan St, Suite A, Edwardsville, IL, 62025 American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.