USDA Loan Vs. FHA loan for Waterloo, IL [Monroe County ]

During 2026, 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 .

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.

Lendersa USDA loan request and match outcomes

Defining USDA Loans in IL

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.

Get top 10
USDA LENDERS
customized to yout needes

Waterloo Lenders
(618) 939-6194 Lender's profile and map First National Bank of Waterloo 228 South Main Street, Waterloo, IL, 62298 Lends in Illinois We are a strong, local community bank, which means you can count on us! We’ve been here since 1912 as a trusted, financial partner and will be here to help you meet all of your financial goals. We focus on the financial needs of local families and small businesses by providing exceptional service, great products and sound advice.
(618) 282-3939 Lender's profile and map North County Savings Bank 411 W Market St, Red Bud, IL, 62278 Lends in Illinois North County Savings Bank was first chartered in 1887 as Evansville Building & Loan Association. The Building & Loan was located in the former Pautler Hotel in Evansville, IL. In 1973 our savings institution was approved for a location in Red Bud, IL and it became our home office with a branch in Evansville, IL.
(618) 233-6400 Lender's profile and map Bank of Belleville 215 South Illinois St, Belleville, IL, 62220 Lends in Illinois We are invested in making the communities we serve stronger and providing the best experience for our clients. “Smaller Bank, Bigger Service, Stronger Community” is not just a tagline; it’s a promise. Our commitment to client and community service is at the forefront of everything we do.
(618) 978-4048 Lender's profile and map SUPERIOR HOME LOANS LLC 301 West A Street, Belleville, IL, 62220 Lends in Illinois 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