USDA Vs. FHA your options comparison in Sparta, Randolph County, IL
In the year 2025, the USDA loan limit set for Sparta in Randolph County, IL, is $336,500. Meanwhile, the FHA lending cap for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to compare the premier USDA versus FHA rates available today, and ascertain the income, credit status, reserves, and necessary documents required for qualification. Our advanced mortgage calculator presents a side-by-side comparison of USDA, FHA, Conforming, and VA loans, offering transparency to help you choose the most suitable program available in for your specific financial needs.
2025 Loan Limits and Downpayment Requirements in Sparta, Randolph County, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Sparta, IL
Lendersa® is dedicated to securing the optimal USDA or FHA loan for you swiftly, minimizing complications. You can begin with one of three starting strategies that lead to matching lenders and appropriate USDA loan programs.
A USDA home loan, backed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, is designated for rural areas only. Unlike FHA loans which mandate a minimum down payment of 3.5%, USDA mortgage loans do not require any down payment whatsoever, making them an attractive option for eligible borrowers in designated rural regions.
Our Mission is to remain an independent community financial institution by enhancing the shareholders value, actively supporting the citizens of our community with quality products and services, and providing a meaningful work environment for our employees. This private bank was formed by Arthur D. Gilmore, a recent graduate (1870).
F & M Community Bank is a full-service, community-oriented bank that has been in operation since 1911. For over 100 years, we've been proud to fulfill the banking needs of local Minnesota citizens & businesses on a more personal, individualized level. Our employees who are your bank teller or your lending specialist are your neighbors & friends.
3105 Creekside Village Drive, Suite 706, Kennesaw, GA, 30144
Assertive Mortgage has redefined homeownership with modern technology. We believe homeownership should be faster, simpler, and more affordable to get a mortgage in America. Our digital mortgage platform helps borrowers process information on the loan application. We’re changing the way traditional mortgage process from being stressful.
Heartland Area Federal Credit Union has been open since 1954. The credit union has assets totaling $22.35 Million and provides banking services to more than 1, 000 members.
The credit union is a community-based financial institution. People living, working, or worshipping in the credit union's geographic area can become a member
First Nebraska Credit Union is a member-owned, not-for-profit financial cooperative. We offer many of the same services you find at other financial institutions, however we are motivated by service rather than profit. Our focus is “People Helping People” and our goal is to strengthen the financial well-being of our members.
First National Bank & Trust Co., of McAlester, OK, was established in 1896 and has consistently met the financial needs of the citizens of McAlester, Pittsburg County. At FNB, we offer a wide variety of loans, deposit and financial services in order to meet the needs of consumers, small businesses, agricultural, retail and commercial customers.
Dickinson County Bank The Dickinson County Bank of Enterprise, Kansas was chartered on June 2, 1894 as a result of a financial panic in 1887 that closed several area banks in Abilene, Hope, and Enterprise. The demand for banking was high and the bank was established to meet this demand.
Here at Community Partners FCU, we are dedicated to you and all your financial needs.
We've been around since 1971and with over 500 members and assets over $5 million, we strive to assist our members in receiving the best interest rates, loans, and member benefits.
Our most important asset is our members.
