USDA and FHA Pro and Con in Pontiac, Livingston County, IL
As of 2025, in Pontiac, located in Livingston, IL, the USDA loan ceiling is $336,500. On the other hand, the FHA loan limit for a single-family home is set at $472,030. This difference highlights the range of lending capacities available for diverse loan types, specifically tailored to varied geographical locations.
Utilize the Lendersa® USDA loan calculator for a detailed comparison between today's USDA and FHA premium rates. Determine the necessary income level, credit score, financial reserves, and documentation required to qualify for these loans efficiently. With our sophisticated mortgage calculator, you can view USDA, FHA, Conforming, and VA loans side by side, aiding in selecting the most suitable mortgage solution for your specific financial circumstances in .
Comprehensive Overview of 2025 Loan Limits and Downpayment Details in Pontiac, Livingston, IL
Loan Type
Loan Limit
Down payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Options for USDA and FHA Loans in Pontiac, IL
The mission of Lendersa® is to swiftly and effectively secure the best USDA or FHA loan for you, minimizing the hassle involved. Initiate your journey by selecting from one of our three pathways, which result in suitable lenders and comprehensive USDA loan programs that best align with your needs.
The USDA home loan, endorsed by the U.S. Department of Agriculture, often termed as a USDA rural development loan or USDA mortgage, is designated exclusively for rural locales. This loan is distinct from FHA loans, which mandate a minimum 3.5% down payment—whereas the USDA mortgage requires no down payment, providing a notable financial advantage to qualified applicants within eligible areas.
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