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Illinois and Wisconsin USDA Rural Housing Mortgage Loans

Posted by madisonmortgage on February 17th, 2010

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In today’s shrinking credit market, USDA rural housing loan programs are one of the best 100% mortgage financing options in the marketplace. This program continues to be one of only two no money down loans available today. Visit our website at http://www.Madisonmortgageguys.com for all USDA rural housing guidelines including income and location limits.

Here’s more information about our Rural Housing loan program and how it works:

  • A 30-year fixed rate mortgage loan for 1-unit primary residence properties
  • Up to 100% LTV (loan-to-value) allowed based on the appraised value
  • Up to 6% seller contributions allowed
  • No minimum contribution from the borrower’s own funds required
  • Borrowers can finance closing costs into the loan amount up to the maximum LTV amount
  • Low, 2% upfront mortgage insurance premium financed into the loan amount
  • No monthly mortgage insurance payments required.

Visit our Rural Housing page on our website for additional Wisconsin and Illinois rural housing program requirements.

Your local Wisconsin, Illinois, Minnesota and Florida Mortgage Bankers:

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/

http://www.madisonmortgageguys.com/blog/content/wisconsin-and-illinois-rural-housing-mortgage-loans/

http://www.madisonmortgageguys.com/government_loans/rural_housing/index.htm

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