USDA and FHA Pro and Con in Petersburg, Menard County, IL

In 2025, the USDA loan ceiling set for Petersburg in Menard county, IL, is $336,500. On the other hand, the FHA limit is established at $472,030 for a single-family residence.

Make use of the Lendersa® USDA loan calculator to weigh today’s top USDA against FHA rates. Identify the essentials for qualification, including income, credit, reserves, and necessary documentation. Our state-of-the-art mortgage calculator compares USDA, FHA, Conforming, and VA options side by side, guiding you toward the ideal choice for your unique financial condition in .

Explore loan propositions from a pool of 100 lenders

2025 Loan Boundaries and Downpayment Conditions in Petersburg, Menard County, IL

Type of Loan Loan Boundary Initial Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Alternatives in Petersburg, IL

Lendersa® strives to deliver the swiftest and most straightforward access to optimal USDA or FHA loans. Initiate one of three available methods to connect with lenders and USDA loan schemes.

Lendersa's USDA loan request and results

An Overview of USDA Loans in IL

A USDA mortgage, endorsed by the government's Department of Agriculture, sometimes called a USDA rural development loan or USDA mortgage, is designated for use in rural areas only. Unlike FHA loans which mandate a minimal down payment of 3.5%, a USDA loan does not demand any down payment.

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



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