USDA and FHA Pro and Con in Wood-River, Madison County, IL

In 2025, 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 .

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2025 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.

Lendersa USDA loan request matching results

Understanding USDA Loans in IL

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.

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



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