USDA and FHA Pro and Con in Pontoon-Beach, Madison County, IL
In 2026, the USDA loan cap for Pontoon-Beach, within Madison county, IL, is $285,000. Meanwhile, the FHA limit for a single-family home is set at $356,362.
Leverage the Lendersa® USDA loan calculator to compare today’s leading rates for USDA and FHA loans. Determine the necessary income, credit data, reserves, and documents needed to qualify. Our advanced mortgage calculator provides side-by-side comparisons of USDA, FHA, Conforming, and VA loans, helping you choose the best program in suited for your financial situation.
Loan Limits and Down Payment Requirements for 2026 in Pontoon-Beach, Madison County, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Options in Pontoon-Beach, IL
The mission of Lendersa® is to swiftly secure for you an optimal USDA or FHA loan hassle-free. Choose from one of the three starting options that align you with relevant lenders and USDA loan programs tailored to your needs.
A USDA home loan, often called a USDA rural development loan or mortgage, is backed by the U.S. Department of Agriculture and available exclusively in rural locations. Unlike FHA loans, which need a minimum 3.5% down payment, USDA loans require no down payment at all, providing a significant benefit to qualified borrowers.
SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
Mortgage Makers is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
1st MidAmerica Credit Union has been helping families achieve their financial goals. 1st MidAmerica is a not-for-profit financial cooperative dedicated to the financial success of its members. 1st MidAmerica is a full service financial institution offering mortgages, auto loans, checking accounts, money markets, certificates and more
230 S Buchanan St, Suite A, Edwardsville, IL, 62025
Lends in Illinois
American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.
Midwest Members Credit Union has been serving our membership since 1935. . With our recent expansion, now people in 10 Illinois Counties are eligible for the benefits of being a member of Midwest Members Credit Union. Great savings and loan rates, most recent banking technology, mobile and online banking, and service to our communities
Liberty Bank, headquartered in Alton, Illinois, was founded by area businessmen in 1994. Expanding to Godfrey in 1997 and Bethalto in 2006, it has since grown to include a total of four locations serving Madison County. In 2017, Liberty Bank joined United Community Bank and now includes more than 100 Bank & ATM locations
State Employees Community Credit Union has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, the State Employees Community Credit Union will continue a sound yet progressive asset management strategy
Altonized Community Federal Credit Union is a not-for-profit cooperative providing the best service to our most important assets – our members.
Altonized Community Federal Credit Union is a full service financial institution owned and controlled by the members who join it. Since its charter in 1939
