USDA VS FHA in Washington-Park, St. Clair County, IL
For 2025, the USDA loan cap in Washington-Park, within the boundaries of St. Clair county, IL, is set at $285,000. In comparison, the FHA limit for a single-family residence is $356,362.
Take advantage of the Lendersa® USDA loan calculator to evaluate the prime USDA versus FHA rates today and ascertain the necessary income, credit, reserves, and documentation needed for qualification. Our cutting-edge mortgage calculator allows you to see USDA, FHA, Conforming, and VA loan possibilities side by side, helping you choose the best program in for your unique financial needs.
2025 Loan Limits and Down Payment Specifications in Washington-Park, St. Clair County, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Exploring USDA and FHA Loan Choices in Washington-Park, IL
The mission of Lendersa® is to quickly and efficiently secure you the most suitable USDA or FHA loan available. You can start by selecting one of three different methods to find lenders and USDA loan opportunities tailored to you.
A USDA home loan is government-backed by the U.S. Department of Agriculture, known as a USDA rural development loan or USDA mortgage, and is available only in rural areas. In contrast to FHA loans, which necessitate a minimum down payment of 3.5%, the USDA loan requires no down payment at all.
Here at Clear Lending Group, we believe in putting transparency and personal touch back into the mortgage process. From your first conversation with us, you will experience firsthand our personal approach to each situation.
In addition, our expertise will allow us to tailor an option to the specifics of your file.
Founded in 1930 and chartered in 1931, Mutual Credit Union is Mississippi's oldest credit union, and one of the Southeast's most respected. Through the years, our State chartered financial institution has grown from humble beginnings into a world class financial services organization with over 20, 000 active members and over $190 million in assets.
Since its inception in 1934 the Vicksburg Railroad Credit Union has been serving its members in & around the Vicksburg, Mississippi area with exceptional financial products. Even with members living in Louisiana, Texas, Alabama & all throughout Mississippi, we have still kept our focus on providing excellent service & responsiveness to each member.
United Prairie was founded in 1973 when James G. Sneer purchased Farmers State Bank of Mountain Lake, also the community he called home. As the years passed and the bank thrived, Mr. Sneer began acquiring other banks and insurance agency offices to build the organization now known as United Prairie
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
Legacy Bank (Formerly Grundy National Bank) was established in 1964 to serve the financial needs of the community while making a profit. Our strong capital base and good earnings have allowed us to make the technological enhancements required by the changes that are taking place in the banking industry.
In 1975, a group of individuals had a vision and a dream that banking could and should be better for YOU, the hard working citizens of this region. The goals included helping new businesses to become established and many older ones to expand ... provide opportunities for our children
We see changes happening all around us. Progression is key to success, but there is something about the ability to adapt to those changes while also upholding our core values and traditions as a community bank. Constantly working to prepare for the future, we are certain that continuing to prioritize customer experience above all else is crucial.
Meridian Mutual FCU is a full-service financial institution, dedicated to serving our members. Originally charted in 1953 to serve the employees of the Meridian Public School System, over the years Meridian Mutual began to serve a much broader group. In October 1997, Meridian Mutual was granted a community charter enabling us
