In 2025, the USDA loan limit for a home in Shelbyville, part of Shelby county, IL, stands at $336,500, compared to the FHA limit of $472,030 for a single-family property.
To compare the USDA and FHA rate advantages today, consider using Lendersa® USDA loan calculator. This tool helps you assess the necessary income, credit score, reserves, and documentation to qualify. It allows you to view USDA, FHA, Conforming, and VA program details side by side so you can choose the best fit for your financial needs in .
Loan limits and down payment details for 2025 in Shelbyville, Shelby county, IL
Type of Loan
Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA loans in Shelbyville, IL
At Lendersa®, our aim is to quickly and efficiently secure the optimal USDA or FHA loan for you. Choose from three different starting points to connect with the right lenders and USDA loan programs.
A USDA home loan, endorsed by the U.S. Department of Agriculture, also referred to as the USDA rural development loan or USDA mortgage, is exclusive to rural areas. Unlike FHA loans, which require a minimum down payment of 3.5%, USDA loans necessitate no down payment at all.
The Community Bank, Avon SD, originally chartered as the Bank of Kingsburg, Kingsburg, SD opened for business May 20, 1914 with $10, 000.00 in capital all being supplied by local citizens and farmers. It was founded by Tom C. Pier who began his banking career as an employee in a Ravinia, SD bank.
Founded in 1965, Hodge Bank & Trust Company serves the banking needs of Jackson Parish and its surrounding communities. For nearly a half-century, Hodge Bank has provided personal and business banking services with an unparalleled commitment to customer service. At Hodge Bank, trust is more than a word.
The Minden Exchange Bank opened for business on September 1, 1883. Establishing themselves as frontrunners in the Minden scene, the founders of the Minden Exchange Bank (Kingsley and Webb) constructed the first brick building in Minden in 1884, locating on a portion of the lots still occupied by the Bank structure.
The Jonesboro State Bank was founded in January of 1913 and for over 100 years has provided sound, reliable hometown banking services for the people and businesses of Jackson Parish and surrounding communities. The well-being of the citizens of our area drives our efforts to deliver the personal financial assistance.
Jackson Parish Bank – Jonesboro & Jackson Parish’s oldest financial institution, has been serving the financial needs of Jonesboro & other outlying communities continually since our establishment in 1904. During these past 100 plus years we have operated as a community bank, with our main focus of providing top-flite, personal banking services.
S&T Bank was founded in 1902 as Savings and Trust Company of Indiana with a single location in Indiana, Pa. S&T provides a full range of financial services to families and businesses throughout Pennsylvania, Ohio, and New York.
Our mission is to build relationships with our customers based on mutual confidence, trust, and performance.
Central Virginia Federal Credit Union offers a fresh, unique alternative to banks. Like other financial institutions, we offer a full range of financial products and services. Unlike the others, we are not-for-profit. putting those savings in your pocket! Here you are more than a customer, you're a member.
Northwoods Credit Union has 2 offices in Cloquet, one in Floodwood and one in Moose Lake. We started out as Northwest Paper Company Employees Credit Union back in 1936 & we have grown to serve all those who live, work, worship, attend school, or volunteer in Carlton, Pine, or St Louis County! We offer big bank products with local, hometown service.
