USDA Vs. FHA Pro and Con comparison in Troy, Madison County, IL
In 2026, the USDA loan cap in Troy, located in the county of Madison, IL, is $336,500. For a single-family home under FHA, the limit is $472,030.
Use the Lendersa® USDA loan calculator to explore today's most competitive USDA vs. FHA rates and determine the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator lets you compare USDA, FHA, Conforming, and VA loans side by side, helping you find the best fit for your financial situation in .
2026 Loan Limits and Downpayment Requirements in Troy, Madison, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Explore USDA and FHA Loan Options in Troy, IL
Lendersa® is committed to securing the best possible USDA or FHA loan for you swiftly and effortlessly. Choose from three starting points to connect with lenders and access USDA loan programs.
A USDA home loan, backed by the Department of Agriculture, is also known as a USDA rural development loan or mortgage available only in rural areas. Unlike FHA loans that need a 3.5% minimum down payment, USDA loans don't require any down payment, making them more accessible to qualified applicants.
springfield City Employees Credit Union is a member-owned financial institution committed to the international credit union philosophy of “People Helping People.” That means we aim to help you build your financial stability. And we do that by returning profits to members in the form of lower loan rates
INB offers personal and commercial banking services. The INB team works to help customers have a life free of financial hardships. We help businesses by handling financial transactions through our lockbox services so they can focus on their core operations. We also provide mortgage and commercial loans.
The Williamson County Catholic Credit Union is a member owned financial cooperative.
We serve the Catholic communities in Williamson County by providing competitive loans and savings in a friendly atmosphere while maintaining long term financial stability.
St. Joseph's Credit Union of Marion was chartered on November 3, 1952
Jonesburg State Bank is a community oriented financial institution. Since its incorporation, the bank has been a rock solid member of the community whose name stands for integrity and commitment to Montgomery and Warren counties and the surrounding area. We’ve had the same name, been within one block of the original location.
Peoples Bank of Altenburg is here to provide the banking services you need. Serving the communities of Altenburg and Jackson, as well as the surrounding areas, we know the important role community banks play in making communities successful, and we take our role very seriously. We live and work in these communities, and provide the banking services
Southern Illinois Bank offers a comprehensive line of banking products with superior customer service. These products and services are offered through experienced, conscientious and conservative bank personnel who know their customer, their families and their needs. This kind of familiarity instills an extreme sense of customer loyalty.
We are a community bank, with community values. Our employees are your friends and neighbors, which is why we are so passionate about helping our customers and the communities we serve. Live for Today. Bank for Tomorrow. We’ve served the people of Illinois for over 100 years. Now, the good people of Edwardsville are also in those ranks!
Community State Bank of Missouri has celebrated over 130 years of filling the financial service needs of Pike and Lincoln County neighbors. The bank was founded in 1887 as the Bank of Curryville. According to a centennial history of the bank published in the Bowling Green Times in 1987
Since our inception on October 4th 1913, Teutopolis State Bank has been a fixture on Main Street in Teutopolis, Illinois. Over the years, we have helped local businesses, individuals, and families develop, grow, and sustain prosperity through our wide range of financial services.
Plans to form the Farmers National Bank of Griggsville began in May of 1942 by a group of local business men and citizens. Stock was solicited and by October 1942 $40, 000.00 was sold. An application for the charter was granted in December of 1942.
On February 13, 1943 the doors of the new bank were opened.
SIU Credit Union was founded in 1938 as Jackson County Teachers' Credit Union. Today, we serve 24 counties and many employer groups in southern Illinois. As a not-for-profit, member owned, financial cooperative, we believe in serving our membership instead of maximizing profits and Today, we serve 24 counties and many employer groups in southern Il
