USDA Vs. FHA Pro and Con comparison in Wilmington, Will County, IL

In 2025, the USDA loan limit for Wilmington, which is situated in Will county, IL, is $336,500. Meanwhile, for a single-family home, the FHA limit is $472,030.

Utilize the Lendersa® USDA loan calculator to compare today's top USDA versus FHA rates, determining the necessary income, credit reserves, and documents required to qualify. With our advanced mortgage calculator, you can assess USDA, FHA, Conforming, and VA options side by side, aiding in your decision on which program in best suits your financial needs.

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Loan Limits and Down Payment Requirements for 2025 in Wilmington, County of Will, IL

Loan Type Loan Limit Down Payment
USDA $336,500 0%
FHA $472,030 3.5%
Conventional Conforming $726,200 3%

Explore USDA and FHA Loan Options in Wilmington, IL

Lendersa® aims to connect you quickly with the best USDA or FHA loan without hassle. Start with one of three pathways to match with lenders and find USDA loan programs that align with your needs.

Lendersa USDA loan request and matching results

What is a USDA Loan in IL?

A USDA home loan is backed by the U.S. Department of Agriculture, often called a USDA rural development loan or USDA mortgage. These are exclusive to rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans need no down payment, offering a significant benefit for eligible borrowers.

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



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