No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
USDA loans for Illinois residents
My state-specific information
Eligibility Requirements – Illinois
Ready for a change? With a home loan from the USDA, that new home is finally within arm’s reach. For Illinois residents, the average income limit for a family of 1-4 is about $119,850, and for family of 5 or more the limit can be as high as $197,750. For more info, fill out the form below to get in touch with one of our USDA loan specialists and get the Illinois home you’ve always wanted.
The map below shows the areas of Illinois eligible for a USDA loan. Check out the USDA property eligibility screen for more detail on eligible areas.
Illinois USDA Income Limits (Moderate Income – Guaranteed Loan)
Most areas of Illinois follow the standard USDA income limit. Select metro areas and counties have higher limits.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Standard Illinois Limit (Most Counties & MSAs) | $119,850 | $158,250 |
| Champaign-Urbana, IL HUD Metro FMR Area | $122,100 | $161,200 |
| St. Louis, MO-IL HUD Metro FMR Area | $128,100 | $169,100 |
| Springfield, IL MSA | $131,900 | $174,150 |
| Bloomington, IL MSA | $136,650 | $180,400 |
| Grundy County, IL HUD Metro FMR Area | $136,650 | $180,400 |
| Chicago-Joliet-Naperville, IL HUD Metro FMR Area | $137,850 | $182,000 |
| Kendall County, IL HUD Metro FMR Area | $149,800 | $197,750 |
USDA income limits in Illinois are based on the county you live in and the number of people in your household. Most Illinois counties follow the standard USDA household income limit, while select metro areas and counties have higher limits due to local cost of living. These limits apply to total household income (all adult earners in the home), not just the borrower’s income. If you’re near the limit—or unsure which category your county falls into—our team can confirm eligibility quickly and help you determine whether a USDA loan is the best 0% down option for your situation.
Check Your Illinois USDA Eligibility
USDA loans offer 100% financing (no down payment) for eligible rural and suburban areas. To qualify, you’ll need to meet
income limits, credit and debt-to-income guidelines, and the property must be in a USDA-eligible location.
- Verify your county income limit (1–4 vs. 5+ household members)
- Confirm the home address is in a USDA-eligible area
- Get a fast payment estimate and next steps
Income limits shown are for USDA Guaranteed loans and can change annually. Final eligibility depends on household size, county, and program guidelines.
- NO down payment – Finance 100% of your home
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your Illinois USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – Illinois
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
