USDA Vs. FHA your options comparison 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 .
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.
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.
Magnifi Financial is a member-owned financial services cooperative headquartered in Melrose, Minnesota. Magnifi offers a full array of financial products and services including consumer checking, savings, loans, mortgages, credit cards, internet and mobile banking, retirement and financial planning services as well as business accounts and loans.
Central Minnesota Credit Union was built from the ground up by its members since 1939. The credit union was chartered in Melrose under the philosophy of ‘people helping people’. Every member is an owner and dividends are returned through better rates on savings and loans and lower fees.
Cardinal is proud to announce their 5-star rating, recently awarded by Bauer Financial. Bauer Financial is a financial rating agency who provides depositor-focused ratings of banks and credit unions in the United States. The Company’s rating scale runs from zero to five, the strongest institutions being granted 5-star ratings.
At Union Capital, home loans are all we do. Since 1995, we have worked to become a trusted lending partner to countless realtors and customers. Realtors depend on us to help their buyers get into the ideal home. Customers we serve return to us again and again – we have gotten to know thousands of them personally over the past 20 years.
2200 Washington Street East, Charleston, WV, 25311
At The State Credit Union, our goal, quite simply, is to minimize your exposure to risk and the impact of any fraudulent activity on your accounts.
To protect your account, The State Credit Union monitors debit card transactions for potentially fraudulent activity through a Fraud Detection Program called EnFact Premium Testing.
West Virginia National Guard Federal Credit Union has been open since 1959. It's the 20th largest credit union in West Virginia with assets totaling $50.63 Million and providing banking services to more than 2, 000 members. The credit union is a not-for-profit, member-owned financial cooperative providing services to U.S. military members.
Legacy Bank (Formerly Grundy National Bank) was established in 1964 to serve the financial needs of the community while making a profit. Our strong capital base and good earnings have allowed us to make the technological enhancements required by the changes that are taking place in the banking industry.
In 1975, a group of individuals had a vision and a dream that banking could and should be better for YOU, the hard working citizens of this region. The goals included helping new businesses to become established and many older ones to expand ... provide opportunities for our children
First Family Federal Credit Union has been open since 1956. It's the 21st largest credit union in Oklahoma with assets totaling $122.45 Million and providing banking services to more than 16, 000 members.
The credit union is a community-based financial institution. People living, working
