USDA Vs. FHA Pro and Con comparison in Wood-River, Madison County, IL
In 2026, the USDA loan limit in Wood-River, located in Madison county, IL, is set at $285,000. For FHA loans, the limit for a single-family home is $356,362.
To compare today’s best USDA and FHA rates, utilize the Lendersa® USDA loan calculator. This tool helps you determine the income, credit, reserves, and documents necessary for qualification. Our advanced mortgage calculator enables you to compare USDA, FHA, Conforming, and VA loans side by side, aiding in selecting the most suitable option for your financial needs in .
2026 Loan Limits & Down Payment Requirements in Wood-River, Madison, 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 Wood-River, IL
Lendersa® is dedicated to facilitating a streamlined experience in securing the best USDA or FHA loan. Start by choosing one of three options that lead to matching with ideal lenders and USDA loan programs.
A USDA home loan, also known as a USDA rural development loan or mortgage, is a government-backed option available only in rural areas. Unlike FHA loans, which require at least a 3.5% down payment, USDA loans need no down payment.
Midwest Members Credit Union has been serving our membership since 1935. . With our recent expansion, now people in 10 Illinois Counties are eligible for the benefits of being a member of Midwest Members Credit Union. Great savings and loan rates, most recent banking technology, mobile and online banking, and service to our communities
SIUE Credit Union is a not-for-profit, member-owned credit union, our main goal is not to make money. Instead, we help you save yours with a complete range of financial products and services. You’ll earn high returns on savings, enjoy lower rates on loans and pay lower (and fewer) fees than you would at most banks.
Scott Credit Union is a full-service financial institution that is member owned, member operated, and not-for-profit. We offer similar products and services to what the conventional financial institutions have, but we do so with our members’ best interest in mind. Any revenue generated after expenses
Mortgage Makers is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward.
1st MidAmerica Credit Union has been helping families achieve their financial goals. 1st MidAmerica is a not-for-profit financial cooperative dedicated to the financial success of its members. 1st MidAmerica is a full service financial institution offering mortgages, auto loans, checking accounts, money markets, certificates and more
230 S Buchanan St, Suite A, Edwardsville, IL, 62025
Lends in Illinois
American Home Lending USA, LLC offer a variety of mortgage solutions and are able to offer competitive wholesale mortgage rates. Some of our popular mortgage products include: 2% down payment grant, VA, Conventional, FHA, $0 Down USDA/Rural Development, HARP, home equity loans, cash out, reverse mortgages no appraisal VA Streamline refinances.
Liberty Bank, headquartered in Alton, Illinois, was founded by area businessmen in 1994. Expanding to Godfrey in 1997 and Bethalto in 2006, it has since grown to include a total of four locations serving Madison County. In 2017, Liberty Bank joined United Community Bank and now includes more than 100 Bank & ATM locations
State Employees Community Credit Union has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, the State Employees Community Credit Union will continue a sound yet progressive asset management strategy
Altonized Community Federal Credit Union is a not-for-profit cooperative providing the best service to our most important assets – our members.
Altonized Community Federal Credit Union is a full service financial institution owned and controlled by the members who join it. Since its charter in 1939
