No Money Down Mortgage in Wisconsin, Illinois, Minnesota and Florida
In a Changing Marketplace No Down Payment Financing is
Still an Option
Even in the current, more restricted lending market, 100% financing no money
down mortgage loans are still available for qualified borrowers. We offer
a variety of 100% financing no down payment mortgage programs in Wisconsin,
Minnesota, Illinois and Florida including major cities such as Chicago,
Minneapolis, Milwaukee, Madison
and Appleton.
We offer the following no money down mortgage programs:
(No money down programs are also available to first time home buyers!)
Programs listed below require at least a 5% down payment:
All
Wisconsin and Illinois Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including
FHA, VA and
Rural Housing
Wisconsin Refinance Illinois Refinance Programs
Current
Wisconsin and Illinois Mortgage Rates
About Us
Apply or Pre-qualify
Online
Contact
Us
Latest no money down blog entries:
Extra! Extra! USDA Rural Housing news from D.C.
April 26, 2010
I’ve written that “The
race is on!” and “Don’t
give up!” concerning
USDA Rural Housing
funds for mortgages. There is news from Washington
today that help may be coming. The House of
Representatives has passed
Read the rest of this
entry »
No and low down payment mortgage in Wisconsin: FHA, VA and USDA
March 30, 2010
It wasn’t that long ago that just about anyone could obtain a
Wisconsin mortgage with no money down until we reaped the consequences
of easy credit market. Now the bar is so high that obtaining a
conventional mortgage is a nearly impossible with less than perfect
credit. Even with 20% down, if your middle credit score (middle of
three) is below 740, you will not receive the best interest rate
available.
Read the rest of
this entry »
USDA Rural Housing Loans
February 26, 2010
In today's shrinking credit market, the USDA
rural housing loan program is one of the best no money down
mortgage financing options in Wisconsin and Illinois.
Read the rest of
this entry »
What You Should Know to Obtain a VA Loan:
Step 2 of a 5 Step
Series
February 16, 2010
Today we will review step 2 of our 5 step series about obtaining a
VA loan. With so much
information out there, I have never actually seen anything that explains the
entire process of obtaining a VA loan in one place.
1.
Service Eligibility
2. Obtaining your Certificate of Eligibility
3. Funding Fee
4. Looking for a house
5. Choosing a Lender
In yesterday's post we discussed Step 1
Service Eligibility. Today we
will discuss how to obtain your Certificate of Eligibility, step 2:
Read the rest of
this entry »
No Money Down Rural Mortgage Loans
January 26, 2010
It is becoming harder and harder for a Wisconsin first time home buyer to
purchase a home, yet there are still many affordable homes if you have a
down payment or the advantage of a program that helps you qualify for more
home.
Guaranteed Home Loans: Rural families and individuals may be eligible to
become homeowners with the help of a U.S. Department of Agriculture - Rural
Development guaranteed loan. Sometimes good credit and a steady income are
not enough to qualify. A sizable down-payment may also be required. But
when the Agency agrees to guarantee a loan, lending institutions can help
buyers with 100% financing, while incurring little risk. Through the Guaranteed
Rural Housing Loan Program, low and moderate income people can qualify for
mortgages even without a down-payment.
Read the rest of this entry »
No Money Down 100% Mortgage Loans
January 5, 2010
No Money Down FHA VA Rural Housing in Greendale, Pewaukee, Green Bay, Franklin
and West Allis Wisconsin
Wisconsin no money down loans are risky because you are starting off with
no equity in the property. They are a colossal risk for the lender, therefore,
any one that applies for one of these programs must have extensive documentation
to prove their eligibility.
The three primary no money down mortgage solutions that we facilitate are
USDA rural housing loans, FHA loans (FHA requires 3.5% down as of January
1, 2009), and VA loans.
FHA, VA and USDA are also the best form of financing for Wisconsin no down
payment home mortgages.
Visit our
no money down mortgage page for
additional Wisconsin no money down program requirements.
Your local Wisconsin and Illinois no money down mortgage broker. No down
payment loans are available in Illinois and Wisconsin including Chicago,
Milwaukee and Madison.
Contact us for questions or additional
information
Read the rest of this entry »
No Money Down Rural Mortgage Loans
January 5, 2010
While most Illinois and Wisconsin mortgage loan products
are being scaled back due to associated credit risk, the USDA Rural Housing
loan is still allowing borrowers to finance 100% (no down payment) and then
some to buy their homes.
The USDA Rural Housing loan works a lot like a VA loan with a couple of
differences that are beneficial to buyers with little or no cash on hand.
A VA loan has a 2.15% funding fee for the first use; USDA loans have a 2%
funding fee for all uses (in both the VA and USDA loan, the funding fee
can be added to the loan amount and financed into the loan). A VA loan has
a 3.3% funding fee for all subsequent uses of a veteran’s eligibility; the
USDA loan is always 2%. Because of the lower funding fee, a USDA loan will
result in a lower mortgage amount and, thus, a lower monthly payment.
Read the rest of this entry »
|
