USDA and FHA Pro and Con in Mount-Zion, Macon County, IL
In 2026, the USDA loan limit for Mount-Zion, located in Macon county, IL, is set at $285,000. Meanwhile, the FHA limit for a single-family home is $356,362.
Use the Lendersa® USDA loan calculator to assess the best current rates between USDA and FHA loans. Determine what income, credit, reserves, and documentation are required to qualify. Our advanced mortgage calculator allows you to see USDA, FHA, Conforming, and VA side by side, helping you decide which program in is best suited to your financial situation.
2026 Loan Limits and Down Payment Requirements in Mount-Zion, Macon County, 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-Zion, IL
The aim of Lendersa® is to provide you with the best USDA or FHA loan quickly and without hassle. Choose from one of three starting points to connect with lenders and USDA loan programs that match your needs.
A USDA home loan is backed by the Department of Agriculture, also known as a USDA rural development loan or mortgage. This is available exclusively in rural neighborhoods. Unlike FHA loans that require a minimum 3.5% down payment, USDA loans require no down payment, offering significant benefits to eligible borrowers.
Land of Lincoln Credit Union was founded in 1947. As a full-service financial institution, LLCU serves over 30, 000 members. Membership in LLCU is open to anyone who lives or works in 26 Illinois counties and their immediate family members. Land of Lincoln Credit Union offers 12 convenient locations in 8 cities to best serve
United Equity Credit Union celebrates an over 85-year tradition of being a member owned financial institution. Credit Union membership is available to employees and retirees of Ameren Illinois, Vistra Energy and Subsidiaries Clinton Power Station (IL), Decatur Firefighters, ADM (Archer Daniels Midland)
Decatur Postal Credit Union began in 1928. At that time, it was for postal employees only. In 1949 the board of directors decided to open our field of membership to include postal employees, spouses and immediate family members. This holds true to this day. The Credit Union is located in the downtown post office in the main lobby.
Hickory Point Bank is proud to call Central Illinois home. It’s that pride that shapes us and influences the way we interact with our customers and our communities. What affects you, affects us, and that includes everything from the economy to the weather to the results of last night’s games.
IBEW Local #146 Credit Union was founded in 1958 by members of the IBEW Local 146 Union and is celebrating 60 years of being a member owned financial institution. Membership is open to members of the IBEW Local 146 and their immediate family members. Immediate family eligible for membership is limited to the spouse of the member
Staley Credit Union is a not-for-profit financial cooperative, owned by the members and operated solely for their benefit. Currently, membership at SCU is open to individuals who live or work in the Illinois counties of Macon, Moultrie, Piatt, DeWitt and Shelby, and the Indiana counties of Tippecanoe, Carroll, Clinton, Montgomery and White.
The Gerber State Bank, Argenta, Illinois, was founded by James W. Brown and Samuel Gerber as a partnership under the names of “Brown and Gerber Bankers”, in 1887.
The bankers opened for business in a wooden frame building just north of the railroad tracks along North Street. Eventually, that wooden structure burned to the ground.
Scott State Bank, originally named The Exchange Bank, was established in 1887. A. R. Scott, the founder, had an iron safe in his mill office and a number of his customers would leave money in it for safekeeping. He also cashed grain checks, and in this manner he “drifted” into the banking business.
130 South Washington Street, Mount Pulaski, IL, 62548
Lends in Illinois
The history of The Farmers Bank of Mt. Pulaski, Illinois begins in 1872 when Leonard K. Scroggin, with the assistance of Walter Sawyer, formed a private bank, known as the Scroggin & Sawyer Bank. Mr. Scroggin was a local land owner and had a successful farming business which had grown to such an extent that he decided to open a private bank.
