FHA Vs. USDA loan program for Urbana, Champaign County, Illinois

In the year 2026, the USDA loan cap in Urbana, located in Champaign, IL, is $336,500, while the FHA limit for a single-family home is $472,030.

Utilize Lendersa® USDA loan calculator to compare current top rates between USDA and FHA options, assessing income, credit score, reserves, and necessary documents for qualification. Our advanced mortgage calculator presents USDA, FHA, Conforming, and VA options side by side, aiding in selecting the best suited program for your financial situation in .

Exploring USDA and FHA Loan Options in Urbana, IL

Lendersa® is dedicated to helping you quickly acquire the best USDA or FHA loan available, free from hassle. Start with one of three pathways to find matched lenders and USDA loan programs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in IL

The USDA home loan is guaranteed by the Department of Agriculture, alternatively termed as USDA rural development loan or USDA mortgage, and is designated for use in rural locations exclusively. In contrast to FHA loans that necessitate a minimum 3.5% down payment, USDA loans require no down payment.

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(217) 796-3305 Lender's profile and map Reviews Bank of Chestnut 100 Olive Street, Chestnut, IL, 62518 The Bank of Chestnut was formed as a private bank in 1902 by Michael Leimbach. In 1919, the Bank of Chestnut was issued a charter by the State of Illinois. The Bank has been family owned & managed since it’s inception. It has been our mission to deliver quality financial services that satisfy the needs of our customers, employees and community.
(815) 432-2494 Lender's profile and map Reviews First Trust and Savings Bank 120 East Walnut Street, Watseka, IL, 60970 At The First Trust and Savings Bank, we believe that banking is personal and relationships are valued. It is important to take the time to visit with you about the many issues that affect your finances and your future. Our objective is to match you with the product and service that is right for your needs, from checking.
(217) 648-2315 Lender's profile and map Reviews The Atlanta National Bank 105 SW Church St, Atlanta, IL, 61723 The Atlanta National Bank is a branch office of The Atlanta National Bank. They’re located in 105 SW Church St in Atlanta, Illinois. Their bank charter class is N, which means they’re a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC).
(217) 932-2265 Lender's profile and map Reviews Preferred Bank 602 North State Highway 49, Casey, IL, 62420 "Preferred Bank is a branch office of Preferred Bank. They provide the following services: Full Service Office Location and are located at 602 North Route 49 in Casey Illinois. Mobile and traditional directions to this location can be found below along with ratings, lobby hours, their phone number and additional banking information."
(217) 932-2136 Lender's profile and map Reviews Casey State Bank 305 North Central Avenue, Casey, IL, 62420 Casey State Bank serves the agriculture, oil, and consumer markets located in the Clark, Crawford, Henderson, and Lawrence Counties. Casey State Bank has 8 branches to assist customers with their financial needs. At Casey State Bank we are deeply rooted in the communities we serve. We have been family owned and operated since 1968.
(815) 844-6155 Lender's profile and map Reviews Bank of Pontiac 300 West Washington Street, Pontiac, IL, 61764 Bank of Pontiac opened its doors for business in 1947. Since then, we’ve been providing financial solutions for the people of Livingston County, Grundy County, Tazewell County, McLean County and their surrounding communities. We are a strong community bank offering a variety of financial services to both individuals and businesses.
(217) 932-4048 Lender's profile and map Reviews First Neighbor Bank, National Association 918 IL-49, Casey, IL, 62420 First Neighbor Bank, N.A. is proud to be in your communities, owned and operated by your neighbors and working together to serve you. While staying current with technologies, we institute a philosophy of old-fashioned banking. We strive daily to remain on a first name basis with our customers.
(815) 844-4433 Lender's profile and map Reviews State Bank of Graymont 1100 W. Howard Street, Pontiac, IL, 61764 The State Bank of Graymont was founded in 1913. Organizers for the State Bank of Graymont were headed by a Pontiac banker from the old National Bank of Pontiac. Other younger officers from the National Bank of Pontiac were also involved. Plus, there were other investors from the Pontiac area along with several investors from the Graymont area.
(217) 792-5211 Lender's profile and map Reviews The Farmers Bank of Mt. Pulaski 130 South Washington Street, Mount Pulaski, IL, 62548 The history of The Farmers Bank of Mt. Pulaski, Illinois begins in 1872 when Leonard K. Scroggin, with the assistance of Walter Sawyer, formed a private bank, known as the Scroggin & Sawyer Bank. Mr. Scroggin was a local land owner and had a successful farming business which had grown to such an extent that he decided to open a private bank.
(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.
(765) 884-1200 Lender's profile and map Reviews Fowler State Bank IN 300 East 5th Street, Fowler, IN, 47944 Fowler State Bank opened its doors for business December 14, 1931. Total amount deposited that day was $36,487.20. Fowler State Bank's evolution started during a severely depressed economy, with an original staff of ten. The original investors were issued 120 shares and became owners of this institution.
(815) 429-3337 Lender's profile and map Reviews Iroquois Farmers State Bank 111 W Lincoln St, Iroquois, IL, 60945 Iroquois Farmers State Bank (IFSB) opened in 1919 with capital and surplus of $25,000 and assets of $400,000. The bank was formed by local residents of Donovan, Iroquois, Sheldon, and Watseka, Illinois. IFSB was established to fulfill the needs of the local communities, a tradition that continues today.During the Great Depression.