USDA Vs. FHA Pro and Con comparison in Troy, Madison County, IL
In 2025, 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 .
2025 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.
SENB Bank has proudly served the Quad Cities and neighboring communities since forming in 1961 and is approximately $370 million in assets. In 2019 the bank expanded into the Stateline (Roscoe/Beloit) region of Illinois and Wisconsin, with six banking centers serving Illinois, Iowa and Wisconsin.
At Illinois Lending, our goal is to offer you an affordable and flexible loan when you need it the most. We understand there are moments in life where you may need quick cash to give you more financial flexibility – it could be for medical costs, rent, home repairs, a large purchase.
Founded in 1934, our eight charter members were production line workers at the East Moline Works Plant. Open only three times a day during shift change, employees at the original office in the middle of the plant had to manage over the noise of the steel-wheeled trailers moving over the creosote floors.
"Ruhl Mortgage is a full-service mortgage banker with experienced staff, offering expertise in every area of mortgage lending - from purchase and refinance to even construction lending.
Ruhl Mortgage offers purchase and refinance loans, including FHA, VA, Rural Development loans, second home loans,"
Members Community Credit Union is a $81 million, full-service cooperative financial institution that is owned and operated by its members. We pride ourselves on being not your ‘normal’ financial institution. We love to have fun with our members and try to connect with each one. We opened our membership to the public in 2003.
At Bank of Halls, our highest priority is the health of our customers, employees, and communities. While we know there are rising concerns surrounding COVID-19, we are monitoring the situation closely with local healthcare experts, the Centers for Disease Control and Prevention (“CDC”), World Health Organization (“WHO”), and Tennessee Bankers.
We are a well-capitalized, secure local bank with full-service locations in Bourbonnais, downtown Kankakee, west Kankakee, Aroma Park and Danforth as well as a convenient drive-up branch in Briarcliff Shell/Bourbonnais. We are committed to bringing you an extensive range of financial products and the responsive service you need.
Riverside Hospital Employees Credit Union, as it was called originally, was formed in 1976 by the employees of Riverside Hospital in Kankakee, Ill. Membership was open to all employees of the hospital and their family members. Over the years, our office moved to several locations in the hospital. Initially, savings
2 RIVERS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in KANKAKEE, IL with 1 branch location and about $23.60 million in total assets. Opened 71 years ago in 1951, 2 RIVERS AREA CREDIT UNION has about 3,998 members and employs 6 full and part-time employees offering various banking
Kankakee Terminal Belt Credit Union has been open since 1953. The credit union has assets totaling $7.51 Million and provides banking services to more than 1,000 members.
The credit union is a member-owned financial cooperative providing banking services including savings, loans,
The Kankakee Federation of Teachers Credit Union has been offering safe and secure credit union services to our Kankakee teachers and their families for over 60 years!! Credit unions are very special cooperative organizations. Ours was created for teachers by teachers who understand teachers’ unique financial needs.
