USDA and FHA Pro and Con in Waterloo, Monroe County, IL
During 2025, in Waterloo, which is in Monroe county of IL, the USDA loan threshold is set at $336,500, while the FHA limit for a single-family dwelling is $472,030.
The Lendersa® USDA loan calculator can be used to compare today's optimal USDA versus FHA rates and identify the required income, credit, reserves, and documentation necessary for eligibility. This advanced mortgage calculator conveniently places USDA, FHA, Conforming, and VA loans side by side, assisting you in evaluating the most suitable program for your financial planning in .
Understanding Loan Limits and Downpayment Needs for 2025 in Waterloo, Monroe, IL
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Unveiling USDA and FHA Loan Possibilities in Waterloo, IL
At Lendersa®, our mission is to swiftly and effortlessly connect you with the most suitable USDA or FHA loans. Choose one of the following three steps to align with lenders and USDA loan offerings.
A USDA home loan is a government-guaranteed mortgage issued by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, tailored for rural areas. Unlike FHA loans necessitating a 3.5% minimum down payment, USDA mortgages do not require any down payment at all.
The charter for The Farmers and Mechanics Bank was granted on March 31, 1869. Chauncey Colton founded F&M Bank, was its largest stockholder, and served as its first president. He and his associates chose a name that related directly to the real builders of the town, those hardworking farmers and the shoemakers
LimeBank (formerly Farmers State Bank) is an FDIC-insured & Equal Housing Lender certified bank serving the community of Bolivar, MO & the surrounding area. With four convenient branch locations in Bolivar, Galmey, and Pittsburg, plus four free regional ATMs, LimeBank proudly serves clients from southwest Missouri & the greater Springfield region.
Since 1916, we've built our bank on the belief that each and every client is important. Because of our personal approach to banking, today we offer a combination of technology, convenience and service you won't find anywhere else.
Farmers & Merchants Savings Bank was chartered on March 1, 1916.
It is the mission of Casebine Community Credit Union to enhance both members and employees lives through exceptional personal and financial services. From your first savings account, to a loan on your dream home and everything in between Casebine is where YOU belong! Becoming a member is easy!
The Frederick Community Bank has a storied and community-focused history since the beginning. The bank started out as the Clarence State Bank and was founded in 1908 by the bank’s first president David Arthur Frederick. The Frederick family wanted to help serve the local farmers and their communities in the Clarence and Goodwine areas.
Riddell National Bank has a rich heritage in Clay County, Indiana, having received its original charter in 1885 under the name of "Zeller and Riddell Bank." A National Charter was granted in March of 1900 and the name of the Bank was changed to The Riddell National Bank. And, since that time.
Mid-Missouri Bank is building the community bank of the future in the Ozarks today. It starts with having the best solutions for both personal & business banking. It continues with having the best people, the best facilities & the best customer experiences. Although we were chartered in 1872, we still consider ourselves to be just getting started.
Nosari Home Mortgage, Inc has served the state of Arkansas since 1995 and now Missouri. Nosari Home Mortgage, Inc is now licensed in Missouri, and we are able to provide the best rates and most mortgage programs to our neighbors in Missouri. We have been voted "Best Mortgage Lender" via the annual Best of the Twin Lakes' annual poll since 2014.
First of all, we will need to start with the present. IN august 2003, the Credit Union changed its name to “New Horizon Credit Union.”
The original name of “Hyster Danville Employees Credit Union” was established September 30, 1946 as a state Chartered Credit Union and located in the old Fab Bldg. On Voorhees St., Danville, IL.
Landmark Credit Union is a full service, not-for-profit financial cooperative dedicating to serving our members. We were originally chartered in 1935 as the Veteran’s Administration Credit Union to specifically serve the employees of the Veteran’s Administration Hospital in Danville, Illinois. Our first office was located on the hospital grounds
Pilot Grove Savings Bank was established on May 12, 1911. Twenty-three investors pooled a total of $10, 000 to start the Bank and set up business in a small building on the western side of the only street in Pilot Grove, Iowa. Since that day, the Bank has continued to grow and prosper, serving customers in the Bank’s Southeast Iowa area.
