USDA Vs. FHA Pro and Con comparison in Riverton, Sangamon County, IL
In the year 2025, the USDA loan limit set for Riverton, located in the county of Sangamon, IL, stands at $336,500. Meanwhile, the FHA limit for a single-family dwelling reaches $472,030.
Use the Lendersa® USDA loan calculator to compare the top USDA versus FHA rates today. This tool aids in understanding the income, credit, reserves, and documentation necessary to qualify. Our enhanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, guiding you to choose the best program in that aligns with your financial circumstances.
2025 Loan Limits and Down Payment Requirements in Riverton, County of Sangamon, IL
Type of Loan
Loan Cap
Initial Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Riverton, IL
Lendersa® is dedicated to swiftly securing the most favorable USDA or FHA loan available, aiming for a streamlined and hassle-free experience. Begin with any of three available paths to connect with lenders and explore USDA loan opportunities.
A USDA home loan, endorsed by the government through the Department of Agriculture, is sometimes referred to as a USDA rural development loan or USDA mortgage. It is specifically available for rural areas. FHA loans, in contrast, require a minimal down payment of 3.5%, whereas the USDA mortgage allows for a no-down-payment structure.
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In 1899 the three sons of William H. Greer opened the doors of a bank at 122 North Main Street in Magnolia. The original name was William H. Greer’s Sons, but in 1910 the bank was incorporated as The Bank of Magnolia Company.
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Members Choice WV Federal Credit Union is a community chartered not-for-profit financial cooperative serving all who live, work, worship, attend school or do business in Kanawha County, WV.Credit Union is a community chartered not-for-profit financial cooperative serving all who live, work, worship.
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The Mission of Oklahoma Central Credit Union is to make a difference in the lives of our employees, members and the communities we serve.
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6600 South Yale Avenue, Suite 101, Tulsa, OK, 74136
Saint Francis Federal Credit Union was founded in 1969 to serve the employees, staff physicians, and volunteers of Saint Francis Hospital. Over the years other select employee groups including healthcare related and non-health care related companies have been added to the field of membership.
