No Money Down 100% Mortgage
Home Loans in Wisconsin and Illinois
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
and Illinois including major cities such as Chicago, Milwaukee, Madison
and Appleton.
We offer the following no money down mortgage programs:
(No money down programs are available to first time home buyers!)
Programs listed below require at least a 5% down payment:
No money down / no down payment home loans in Illinois
and Wisconsin can be used for a number of reasons such as making home improvements,
purchasing a new home, refinancing your current home for a better rate or
to refinance out of an ARM rate to a fixed rate.
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
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Latest no money down blog entries:
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 »
VA
Mortgage Purchase loans
October 17, 2009
Today we are going to look at the many misconceptions about VA loans in
Wisconsin. Whether it was the broker giving the wrong information or finding
outdated information from non-reliable websites - it was evident that for
whatever reason, the facts about Wisconsin VA Loans were getting distorted.
Over the years - I’ve heard it all. I thought it would be a good idea to
take a look at the 7 most common myths I’ve heard about Wisconsin VA Loans:
3. "The VA inspector will check the property so I don’t have to worry"
Read the rest of this entry »
First Time Home Buyer Loans in Illinois and Wisconsin
July 14, 2009
First time home buyers in Illinois and Wisconsin
need to keep up with the ever changing mortgage market. First time home
buyers need to understand what type loans are available to you.
We offer many first time home buyer programs in Wisconsin and Illinois including
first time home buyer loans in Chicago, Milwaukee and Madison.
Read the rest of this entry »
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