USDA Vs. FHA Pro and Con 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.

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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.

Lendersa USDA loan request and matching outcomes

What is a USDA Loan in IL?

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.

Enter your location to find out if it qualifies for USDA rural housing loan?



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