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Illinois Rural Housing Wisconsin Rural Housing Mortgage Loans

Posted by madisonmortgage on November 23rd, 2008

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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 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.

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

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