USDA Vs. FHA Pro and Con comparison in Shelbyville, Shelby County, IL
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.
Securing a home or business mortgage is a harrowing process. The search for a quality mortgage broker and lender is like going in circles through a revolving door, with no end in sight. Your search is over. Open your door of opportunity at BANCO Mortgage Centre. We're located in downtown Birmingham, MI, which is a part of the greater Detroit area.
Century Mortgage Lending was founded over 20 years ago in Birmingham, Michigan to assist people in building their wealth through mortgage management strategies. We have 50+ years of experience in business and banking and work with many lenders to find our clients the best deals. Our goal is to make sure our your best interest served.
Rockwood Mortgage is proud to be serving the Great Lakes state of Michigan. As a mortgage broker we are able to give you the lowest rate & the attention that you deserve.We are always available for our clients and partners and is your online resource for personalized mortgage solutions, fast customized quotes, great rates, & service with integrity.
Michigan United Credit Union is a state chartered credit union serving the greater Oakland county area. The credit union first opened 90 years ago in 1931 and is committed to serving its members Anyone who lives, works, worships or attends school in the State of Michigan can become a member.
As the President of Berkshire Capital, Griffen Hock is responsible for running all facets of the business. Griffen has a proven executive management track record and over 15 years of experience driving sales growth and integrating digital marketing and sales strategy systems in residential mortgage lending.
280 N. Old Woodward Avenue, Suite 104, Birmingham, MI, 48009
Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit, Denver, Chicago, New York, Los Angeles, and Portland, Bloomfield Capital's team draws from a broad base of commercial real estate and finance experience. The firm provides debt and equity solutions.
The history of a bank is often the story of people; its founders, its shareholders, its employees and its customers. It is people who have made The Baxter State Bank the oldest currently operating business in Baxter Springs and Cherokee County.
In the early 1900s, though not yet a “boom” town, Baxter Springs was enjoying comfortable growth.
The American National Bank was organized with Lou Cardin as its Chairman and president in 1917. Chartered as the third bank in Baxter Springs and capitalized for $50, 000.00, the company was composed of R.I. Walker, W.T. Apple, L.L. Cardin, Dr. Boswell and others. The Bank purchased property at the corner of Military & River Streets.
