First Time Home Buyer Loans in Illinois and Wisconsin: Chicago, Milwaukee and Madison
Posted by madisonmortgage on July 14th, 2009
As a Local Wisconsin and Illinois mortgage banker we treat all of our borrowers with the utmost respect. Our Wisconsin and Illinois Mortgage Borrowers who are happy with the mortgage loan we helped them get 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 and Wisconsin 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 and Illinois residents including Chicago, Milwaukee 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% down payment but it can be gifted or granted from a non profit agency which your mortgage broker will help you obtain.
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 stated 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 We do not quote Low rates just to get you to sign an application.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 me to discuss your mortgage options. I would be happy to answer your questions.
Dennis Hardy
Toll Free: (877) 240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.Madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blog/
Visit my Wisconsin first time home buyer blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-first-time-home-buyer-illinois-first-time-home-buyers/
Visit my Illinois first time home buyer blog post at http://www.madisonmortgageguys.com/blog/content/illinois-first-time-home-buyer-chicago-first-time-home-buyer/
