USDA Vs. FHA your options comparison in West-Peoria, Peoria County, IL
In 2025, the USDA loan limit for West-Peoria in Peoria County, IL, is valued at $285,000. For a single-family home, the FHA limit stands at $356,362.
Leverage the Lendersa® USDA loan calculator to evaluate today's competitive USDA versus FHA rates, and determine the necessary income, credit status, reserves, and needed documents for qualification. Our advanced mortgage calculator presents a detailed side-by-side comparison of USDA, FHA, Conforming, and VA loans, helping you choose the best option available in for your specific financial conditions.
2025 Loan Limits and Downpayment Requirements in West-Peoria, Peoria County, IL
Loan Type
Loan Limit
Down Payment
USDA
$285,000
0%
FHA
$356,362
3.5%
Conventional Conforming
$548,250
3%
Options for USDA and FHA Loans in West-Peoria, IL
This main objective of Lendersa® is to secure the best USDA or FHA loan for you swiftly and hassle-free. You can select one of three starting strategies that match you with appropriate lenders alongside USDA loan programs.
The USDA home loan, backed by the Department of Agriculture, commonly known as a USDA rural development loan or USDA mortgage, is exclusive to rural areas. Unlike FHA loans that demand a minimum of 3.5% down payment, USDA mortgages require no down payment at all.
In 1935, we were formed as the Detroit Newspaper Industrial Credit Union, to serve people who worked in the newspaper industry. In the 1970s, we changed our name to be more inclusive of industries such as radio, television, printing, and publishing. We chose Communicating Arts Credit Union, the name most of us associate with our credit union.
The products offered by LVRG, LLC. can be small business loans, lines of credit, term loans, merchant cash advances, or other business funding products. These products are not consumer loans. All products mentioned may be provided by third parties and are subject to lender approval. Your loan agreement will identify the loan issuer prior to your si
Direct Financial is a division of New England Federal Credit Union (NEFCU), a financial institution headquartered in Vermont with a 50-year record of successfully helping members improve their financial conditions. Members served through Direct Financial are members of NEFCU. Anyone who lives, works, or studies in the Michigan
The Owingsville Banking Company has a long and interesting history, but perhaps as interesting as the bank itself, is the building in which it resides. Since its charter in May of 1893, it has been housed in the "Owings House", a Federal-style dwelling constructed from 1811 to 1814.
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2490 Walton Boulevard, Suite 101, Rochester, MI, 48309
Lucrative Home Loans, Inc. understands that buying a home is more than just a transaction: it’s a life-changing experience. We are committed to getting every client the very best rate and loan every single time. Becoming a one-stop-shop and personalized service for our clients’ convenience, was essential to our many years of success.
Gem Home Loans is a client-focused lender made up of experienced professionals. We have made the choice to step away from the impersonal big-box banks and in your face marketing machines. We prefer working one-on-one with clients in building customized financial solutions. The person you contact will be the person who you work with throughout.
Oxford Bank is the oldest commercial bank headquartered in Oxford, Michigan and has operated continuously under local ownership and management since 1884. We manage seven full-service bank branches, and four customer-focused remote offices located throughout Oakland, Genesee, and Lapeer counties.
