Illinois Rural Housing and Wisconsin Rural Housing Mortgage Loans
Posted by madisonmortgage on September 17th, 2008
FANNIE MAE and FREDDIE MAC AGREE – NO RESTRICTIONS ON GUARANTEED LOANS!
Many affordable lending products are experiencing higher Loan Level Price Adjustments (LLPA’s), rate adjustments, or Loan To Value (LTV) caps (especially in declining markets). USDA Rural Development is proud to announce that Guaranteed loans are NOT party to any of these restrictions!
Rural Housing program information
Fannie Mae and Freddie Mac have recently published guidance assuring lenders that Guaranteed loans may be submitted as usual. Guaranteed loans are not experiencing any adverse changes during this evolving mortgage environment.
While other programs have significantly reduced client benefits, Guaranteed financing remains constant with Fannie Mae, Freddie Mac, and many other of our other
business partners.
* Up to 102% LTV
* No monthly mortgage insurance
* Flexible credit
* Expanded ratios
* NOT just for first time homebuyers
100% FINANCING WITH NO RESTRICTIONS!
Visit our Rural Housing Page for additional Wisconsin and Illinois rural housing program requirements.
Dennis Hardy
Toll Free: (877) 240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.Madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blog/
2009 Rural Housing Income Announcement: http://www.madisonmortgageguys.com/announcements/rural_housing_income_limits.htm
Visit my rural housing blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-and-illinois-rural-housing-mortgage-loans/
