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.
Our membership is open to anyone who works for an employer group of 500 employees or less within the state of Connecticut that provides Direct Deposit. Membership also extends to immediate family or household members. Once you join First Connecticut Credit Union, even if you leave your current employer.
Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs
Platinum Mortgage Solutions, our goal is always excellent customized customer service with superior mortgage knowledge, providing our clients the guidance and service they need, whenever they need it! Whether it’s buying a new home or refinancing an existing home, the Platinum team has your back. Licensed in Connecticut & Florida.
Every client has unique circumstances when it comes to applying for a mortgage loan. You can rely on mortgage lender Chuck Favoroso to use his experience and knowledge as a loan officer to do the research and find the best mortgage loan with the lowest rates and best terms based on your personalized situation.
The Hometown Financial Services team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
481 SW Port St. Lucie Blvd., Suite A, Port Saint Lucie, FL, 34953
We work as an incredible Mortgage Consulting team to guide each of our clients in a very personalized manner to help them arrive at the best decision for their specific Lending needs and future plans in regards to their Home Loan choices or Commercial Loan / Business Investments.
In 1935, when credit unions were helping Americans through the Great Depression, it was said that credit unions were "not for profit, not for charity, but for service," and that philosophy still holds true at UBI today. Today, UBI continues to look out for our members’ interests and provide a level of service.
First National Bank of South Padre Island is a full service independent bank providing personal and friendly service to our customers. First National Bank of South Padre Island is the oldest independent bank in South Padre Island and has been serving the Laguna Madre area for over thirty-five years.
