USDA Vs. FHA Pro and Con comparison in Petersburg, Menard County, IL
In 2025, USDA loan limit in Petersburg, county of Menard, IL is $336,500 while FHA limit is $472,030 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.
2025 loan limits and downpayment requirments in Petersburg, county of Menard, IL
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA loan options in Petersburg, 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.
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.
Enter your location to find out if it qualifies for USDA rural housing loan?
At GraCo Federal Credit Union, we all benefit from the cooperative nature of our members! If it’s time for a change, it’s time for GraCo FCU and GraCo Federal Credit Union is a member owned financial co-operative dedicated to member service and community involvement through responsible leadership.
Commercial Bank has been a proud local bank since 1893. We have an unwavering devotion to our neighbors and their futures. We make it our mission to reinvest in the community through donations, sponsorships and loans to support the growth of our local residents and businesses. We firmly believe that being local matters.
We have over 50 years of experience servicing the residents and workforce of Gratiot County. We are aware of our responsibility to serve our members and community. We strive to deliver professional, responsive, and personalized banking services to its depositors, borrowers, local businesses, and area professionals.
Frandsen Bank & Trust is a full-service community Bank with offices in Minnesota, North Dakota, and Wisconsin. Our complete selection of Banking products and services is delivered with superior customer service. We proudly offer business and personal Banking solutions along with wealth management trust* services.
When Monticello Banking Company first opened in 1895, we did our bookkeeping by hand. Our transportation to work was on horseback and no one had ever heard of air-conditioning. Today, over 125 years later, Monticello Banking Company has seen a lot of things come and go. We were one of the few banks in Kentucky that survived the great depression.
Northwest Arkansas Federal Credit Union is a member owned and operated cooperative. We provide personalized services to assist our members in meeting their financial goals. We are dedicated to maintaining an informed membership and providing service in an efficient, convenient, and friendly manner.
Signature Bank of Arkansas was established in 2005 by a team of well-respected and experienced local Bankers who had the dream of building a Bank where decisions were made locally and in the best interests of not only the Bank but customers and team members as well.
Signature Bank of Arkansas
Member FDIC - Equal Housing Lender
Generations Bank has served Arkansas families and businesses for over 100 years. Established in 1907 in the small, South Arkansas town of Harrell, Generations Bank has expanded into a full-service financial institution serving South and Northwest Arkansas. Our experienced team of bankers are committed to providing convenient, friendly.
1450 East Zion Road, Suite 10, Fayetteville, AR, 72703
Generations Mortgage specializes in home purchase and refinance loans. We are committed to helping you obtain the ideal mortgage for your unique situation. Our knowledgeable, experienced staff will help you evaluate your options, identify the best-suited loan program and clear the way to a timely closing.
