USDA and FHA Pro and Con in Salem, Marion County, IL

In 2024, USDA loan limit in Salem, county of Marion, 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.

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2024 loan limits and downpayment requirments in Salem, county of Marion, 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 Salem, 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.

Lendersa USDA loan request and matching results

What is USDA Loan in Illinois?

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?



  • OPTIONS MORTGAGE SERVICES LLC
  • 4005 Nine McFarland Dr, Suite 250, Alpharetta, GA, 30004
  • OPTIONS MORTGAGE SERVICES We don't want you to be a story we hear at our next Dinner Party. We specialize in thoroughly pre- qualifying our clients before they ever go out looking for their dream homes. Many Lenders will promise you anything to get you in the door. Then, when and if you get to closing, they will change the loan program
  • WD Little Mortgage Corp
  • 707 Whitlock Avenue, Suite A-37, Marietta, GA, 30064
  • W. D. Little Mortgage Corp. is an award winning mortgage company serving Georgia and the Southeast since 1983. As one of the oldest and most well-respected mortgage brokers in Georgia, we provide honest and efficient service from start to finish. Our staff has unprecidented knowledge, experience, and expertise in real estate financing.
  • AMSTAR MORTGAGE NETWORK, INC
  • 2478 Burnt Hickory Road NW, Marietta, GA, 30064
  • Amstar Mortgage Network can help you achieve your mortgage financing goals. As a broker, we have access to companies all over the US and are able to shop around to get the best rate and program for you. To set up the right plan for you, get in touch with us -- we're happy to help. Randy McMullin
  • Westside State Bank
  • 401 First Street, Westside, IA, 51467
  • Westside State Bank first opened the doors of our Westside, Iowa location in 1906. Since those early days, we've been dedicated to offering the conveniences and value of a big bank, while still maintaining the integrity and charm of a community bank — where decisions are made locally and interactions are handled by people you know and trust.
  • Epic Mortgage Group
  • 12750 S Saginaw St, Suite 102, Grand Blanc, MI, 48439
  • Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
  • MD Mortgage Inc
  • 6436 E Maple Ave, Grand Blanc, MI, 48439
  • We keep you informed and return all emails and calls promptly so that you never have to wonder what is going on with your loan. Count on us to be there with you and to help you navigate the entire mortgage process. We'll help you cut through the red tape and avoid the common mistakes people make.
  • Dort Financial Credit Union
  • 9048 Holly Rd, Grand Blanc, MI, 48439
  • Dort Financial Credit Union is a not-for-profit financial cooperative whose mission is to open doors to our members by providing quality financial services. Each member owns one share of the cooperative, represented by the initial deposit made to a primary savings account. Dort Financial Credit Union values communication with our members.
  • Grand Oak Mortgage
  • 5225 E Cook Rd, Grand Blanc, MI, 48439
  • Grand Oak Mortgage Company is privately owned. We specialize in Mortgage Residential Lending. We are a licensed Mortgage Broker in the State of Michigan. We assist borrower's looking to refinance their current home or purchase a new home.Grand Oak Mortgage specializes in finding the perfect loan program to fit the individual needs of our borrowers.
  • Elizabethton Federal Savings Bank
  • 112-114 North Sycamore Street, Elizabethton, TN, 37643
  • Elizabethton Federal Savings Bank has been serving the communities of Northeast Tennessee and the Tri-Cities since 1937. With branch offices in Carter County, Johnson County and Washington County, Tennessee, we provide our customers with a complete selection of financial products.
  • Northeast Community Credit Union
  • 980 Jason Witten Way, Elizabethton, TN, 37643
  • Northeast Community Credit Union began in 1952 as Elizabethton Teachers Credit Union to provide financial services to area educators. A small group of school teachers petitioned the Tennessee Department of Financial Institutions for a charter to begin the credit union, due to school staff finding it more difficult to borrow since they were paid.
  • Happy Valley Credit Union
  • 210 East C Street, Elizabethton, TN, 37643
  • Happy Valley Credit Union was chartered by the State of Tennessee in 1933 to service the employees of NARC & Bemberg. Our Name was originally Bemberg-Glanzstoff Credit Union. Our name changed to Happy Valley Credit Union in 1934. Membership is open to anyone who worships, lives, or works within one of our census tract areas of Carter County, TN.