First Time Home Buyer Loans in Illinois Wisconsin Minnesota and Florida
Posted by madisonmortgage on March 17th, 2010
As a Local Wisconsin, Illinois, Minnesota and Florida mortgage banker we treat all of our borrowers with the utmost respect. Our borrowers are more important to us than anything else. Whether you are Purchasing or Refinancing our goal is to make the loan process as simple and worry-free as possible.
We pride ourselves in offering the Residents of Illinois, Wisconsin, Minnesota and Florida the highest level of customer service, and appreciate the opportunity to earn your mortgage business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction. We offer many of the First Time Home Buyer Programs that are available today to all Wisconsin, Illinois, Minnesota and Florida residents including Chicago, Minneapolis and Madison.
FHA Loans
USDA Rural Development Mortgage
VA Mortgage
My Community Mortgage
Home Possible
The USDA Rural Development Program is a mortgage program that permits 100% financing. It will even permit the buyer to finance all closing costs if the home appraises for more that the purchase price. The USDA Mortgage is also very flexible as to credit requirements.
These programs allow a buyer to purchase a home with no down payment. Currently FHA requires a 3.5% down payment but it can be gifted or granted from a family member.
Each program has its own unique characteristics. Some require a verification of prior rent and some do not. Some will also use alternate credit while other will not. A few of the programs allow for secondary or border income.
For this reason First Time Home Buyers should work with a mortgage banker and not with a lender. If you pick the wrong lender you might be disqualified because your situation does not “fit” their program. A good mortgage banker will work hard to put the buyer into the best loan that they have available to them.
Since we are a mortgage banker we will be able to offer you a very competitive rate. A Rate that is actually available. We do not quote low rates just to get you to sign an application. Get your rate quote today!
We have many programs for people with bad or damaged credit. We will even let you know if you should wait and clear up some credit issues before you refinance.
Please feel free to call us to discuss your mortgage options. We would be happy to answer your questions.
Dennis Hardy : Brian Collins : Kelly Rydzik : Joy Lynch
Toll Free: (877) 240-5810
questions@madisonmortgageguys.com
www.MadisonMortgageguys.com
Visit our main blog at http://www.madisonmortgageguys.com/blog/
