Contact us in Madison

   


No Money Down Mortgage in Wisconsin, Illinois, Minnesota and Florida

Email  Bookmark and Share

No Money Down Mortgage - Wisconsin Illinois Minnesota 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 »
 

Copyright © 2010 www.MadisonMortgageguys.com All rights reserved. Terms | Privacy Policy | Licenses | Contact Us

INLANTA is a trademark of Inlanta Mortgage, Inc.