USDA and FHA Pro and Con 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.
At KBS Lending, Inc., our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family
DFW Investor Lending, LLC aims to provide great service and uses RealSatisfied to gather performance feedback and ratings from customers to ensure they do just that. RealSatisfied ratings are based on survey responses received from customers of agents that participate in the RealSatisfied service.
"The name Petra means rock. We believe that the wise man builds his house upon the rock. This, too, is how we have built our company.
We promote a team environment so we can provide our customers and business affiliates with great service and true industry expertise. Our first priority is to listen to our clients and help determine their needs."
Berkshire Lending is a full service mortgage lender. We close loans quickly - even the hard ones! If you are currently a loan originator, or have been considering getting into the loan origination business Berkshire Lending would love to hear from you! We offer competitive compensation rates and support to help you succeed.
Investmark Mortgage was started to help investors like you and me. We are an award winning hard money lender who will help you cut through the paperwork and get hard money fast. Give us a call and we will take care of you.
Whether you are an experienced investor or buying your first property, we understand the process and will make this as stres
Black Tie Lending caters solely to residential real estate investors that buy, fix, and flip single family houses. Our innovative hard money loan products were designed for real estate investors that require fast and efficient access to money for deals that makes sense.
Great HML Terms 90% LTV on Purchase and 100% of Repair Funds. Low interest ra
We believe if it’s good for you, it’s good for us. This good-business philosophy is lived out in how we treat each other, our Members & the communities we live in. Proud to be Texas-based since 1967, we always honor the credit union credo of “people helping people.” While we deliver a variety of financial services, we are driven by respect & fairne
City Credit Union formerly the City Employees Credit Union - was issued a State of Texas charter in 1942. While our beginnings were serving only City of Dallas employees, today we serve the Dallas-Fort Worth-Arlington Metropolitan Statistical Area: anyone who lives, works, worships or attends school in Dallas.
