USDA Vs. FHA your options comparison in Shelbyville, Shelby County, IL
In 2026, 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 2026 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.
First Federal Savings and Loan Association of Central Illinois
200 N Morgan Street, Shelbyville, IL, 62565
Lends in Illinois
First Federal Savings & Loan Association of Central Illinois is the result of the merger of First Federal Savings & Loan Association of Shelbyville and Charleston Federal Savings & Loan. Both institutions were originally formed under state charters as cooperative home financing organizations to provide a safe place for their members.
Scott State Bank, originally named The Exchange Bank, was established in 1887. A. R. Scott, the founder, had an iron safe in his mill office and a number of his customers would leave money in it for safekeeping. He also cashed grain checks, and in this manner he “drifted” into the banking business.
At Community Banks of Shelby County, our industry leading consumer and business credit card products offer competitive pricing combined with a full range of reward options - making it easy to select and apply for the card that meets your needs. At COMMUNITY BANKS OF SHELBY COUNTY our Focus is You.
First State Bank of Beecher City has been providing personal service to its friends and neighbors.
Beginning as a private institution, P.R. Phillips & Co, Bankers of Beecher City started in 1907. Later in 1910, The First State Bank of Beecher City was incorporated with 14 original stockholders and began construction of a new building.
The First Community Bank Of Moultrie is a branch office of The First Community Bank Of Moultrie County. They provide the following services: Full Service Office Location and are located at 1 South Main Street in Sullivan Illinois. Mobile and traditional directions to this location can be found below along with ratings
As one of the oldest financial institutions in Christian County the First National Bank of Pana was chartered on June 26, 1930. Local businessmen built the Bank to fill a void in the local community created by the collapse of two prior financial institutions; Schuyler State Bank and National Bank of Pana during the great depression.
Peoples Bank & Trust wasn't a bank started by one individual. It’s a bank that began among many working to address the needs of their community, Pana, IL in the 1950s. The problem was that many Pana- area residents weren’t able to secure loans through the banks in town.
A group of forward-thinking community leaders recognized this issue
In 1883, a group of men got together, to establish an organization whose primary purpose was to help its members purchase homes.
The mission of Washington Savings Bank is to be a financially strong, progressive bank, serving our customers by providing quality, professional and innovative products and services they need and want, in a safe
Crossroads Bank was founded in the midst of that growth. Chartered in 1973 and opened in 1974 on South Banker Street in front of the new shopping mall, the bank grew quickly. As Crossroads Bank grew, a second facility was built in 1987 on Keller Drive, making banking convenient for all of the bank’s customers.
