USDA Loan Vs. FHA loan pro & con Springfield, Sangamon County, IL

For the year 2025, the maximum USDA loan limit in Springfield, located within the county of Sangamon, IL, is set at $336,500, whereas the FHA limit for a single-family house is $472,030.

Employ the Lendersa® USDA loan calculator to effectively compare today's top USDA versus FHA rates. It helps determine the income, credit, reserves, and documentation you need to qualify. Our sophisticated mortgage calculator presents the USDA, FHA, Conforming, and VA programs side by side, to aid you in selecting the most suitable option for your specific financial scenario in .

Exploring USDA and FHA Loan Opportunities in Springfield, IL

Lendersa® is committed to providing you with the best USDA or FHA loan swiftly and without hassle. Choose from three starting points to find matching lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding the USDA Loan in IL

The USDA home loan, backed by the U.S. Department of Agriculture, also known as the USDA rural development loan, is available only in rural neighborhoods. Unlike FHA loans that require a minimum down payment of 3.5%, USDA loans do not demand any down payment, making them an attractive choice for qualifying buyers.

Get top 10
USDA LENDERS
customized to yout needes

(309) 925-2121 Lender's profile and map Reviews The First National Bank in Tremont 134 S. Sampson St, Tremont, IL, 61568 We’re a “community” bank, and we take that role to heart. Our success depends on the strength of the people and organizations in the communities we serve. To that end, we believe volunteering is vitally important. Experience the real difference in banking with "A Real Community Bank." Our people know your name, and make a real effort.
(217) 774-3322 Lender's profile and map Reviews First Federal Savings and Loan Association of Central Illinois 200 N Morgan Street, Shelbyville, IL, 62565 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.
(618) 498-6466 Lender's profile and map Reviews Jersey State Bank 1000 South State Street, Jerseyville, IL, 62052 On January 10, 1903, Theodore S. Chapman, Frederick Jacobs, Joseph R. Fulkerson, and Allen M. Slaten were granted permission to organize a bank to be known as the Jersey State Bank with capital stock of $25, 000.On January 28, 1903 Jersey State Bank opened its door for business at 123 West Pearl Street in Jerseyville
(217) 285-5585 Lender's profile and map Reviews Farmers State Bank - A Tradition of Trust 108 East Adams, Pittsfield, IL, 62363 Farmers State Bank, headquartered in Pittsfield, IL, has been locally owned since 1889 and remains one of the strongest banks in the nation. Farmers State Bank is ranked the number one bank in agriculture in its market areas of Pike, Scott, Greene, Jersey, Morgan and Adams Counties.
(217) 783-2121 Lender's profile and map Reviews Community Banks of Shelby County 126 North Grand Ave, Cowden, IL, 62422 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.
(309) 647-5000 Lender's profile and map Reviews MidAmerica National Bank 100 West Elm Street, Canton, IL, 61520 MidAmerica National Bank has offices located in Canton, Cuba, Henry, Lewistown, & Macomb and provides full-service banking to its customers. Throughout its history, MidAmerica National Bank’s principal guiding force has been the desire to serve the community and its residents. We pride ourselves on our local decision making at each banking center.
(309) 389-2551 Lender's profile and map Reviews Glasford State Bank 305 East Main Street, Glasford, IL, 61533 Glasford Bank can trace its roots back to July 15, 1900, when it opened with just two deposits. Originally known as Farmers and Traders Bank, it was located at the corner of Main and Hickory in a converted cigar factory. In 1905, the bank was relocated into a new brick building on the south side of Main Street.
(618) 462-7000 Lender's profile and map Reviews Liberty Bank 2403 Homer M Adams Pkwy, Alton, IL, 62002 Liberty Bank, headquartered in Alton, Illinois, was founded by area businessmen in 1994. Expanding to Godfrey in 1997 and Bethalto in 2006, it has since grown to include a total of four locations serving Madison County. In 2017, Liberty Bank joined United Community Bank and now includes more than 100 Bank & ATM locations
(618) 462-5229 Lender's profile and map Reviews State Employees Credit Union 4500 College Avenue, Suite 200, Alton, IL, 62002 State Employees Community Credit Union has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, the State Employees Community Credit Union will continue a sound yet progressive asset management strategy
(618) 466-3871 Lender's profile and map Reviews Altonized Community FCU 4435 North Alby Street, Alton, IL, 62002 Altonized Community Federal Credit Union is a not-for-profit cooperative providing the best service to our most important assets – our members. Altonized Community Federal Credit Union is a full service financial institution owned and controlled by the members who join it. Since its charter in 1939
(618) 463-5700 Lender's profile and map Reviews Preferred Mortgage, Inc. 2375 C Homer Adams Pkwy, Alton, IL, 62002 At Preferred Mortgage, Inc., offers the best services in mortgage financing at the lowest cost to you. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound choices. As full-service mortgage brokers, we offer a wide range of loans from government (VA, FHA)
(309) 697-1447 Lender's profile and map Reviews Redbrand Credit Union 820 McKinley Avenue, Bartonville, IL, 61607 Redbrand Credit Union is a not-for-profit financial institution. We are here to serve our member’s financial needs. Our products and services are as diverse as our membership. Our core values are as strong as the steel forged in the factory from where we found our humble beginnings. We’re here to serve you.