Search Results for: west-chicago-first-time-home-buyer-loans

Conventional Loans

Conventional Loans

Conventional loans by Fannie Mae and Freddie Mac are available to a wide range of consumers in order to fit multiple situations.  If you have great credit and a bit of money saved up, it is likely that one of these conventional loans is perfect for you. Combo Loans This is a great way to avoid […]

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FHA Loans In Illinois

Illinois FHA Loan

Qualify for an FHA Loan in Illinois The FHA (Federal Housing Administration) loan is a great way for Illinois residents to purchase a home. Whether you’re buying your first home or 6th home, getting an FHA loan makes it possible to achieve homeownership with several advantages. Look at the following FHA mortgage requirements to learn more […]

WHEDA Loans Pros and Cons

Pros and Cons of the WHEDA Loan

For the right borrower, a WHEDA mortgage can be an excellent way to before a homeowner. Take a look at the following pros and cons of the WHEDA loan!0

Indiana USDA Mortgage Program Guidelines

Indiana USDA Loan Requirements and Guidelines

Indiana USDA Rural Development Mortgage When looking to buy a home in Indiana, saving a large down payment could delay your purchase for years. Your lender might require 5% of the sale price as a down payment to qualify for the loan, but with a USDA Rural Housing guaranteed home loan, this is something you […]

Mortgage Insurance: What Exactly Is It And How Does It Help Borrowers?

What Is Mortgage Insurance and How Does It Work?

The title seems misleading, right? Every mortgage lender goes to great lengths to explain to real estate agents and borrowers how mortgage insurance is necessary, how to calculate the amounts and when the mortgage insurance will likely fall off the mortgage. However, how does PMI benefit the actual home buyer?

Niche Mortgage Programs That Home Buyers Should Know

Niche Mortgage Programs That Home Buyers Should Know About

If your situation doesn’t fit the standard expected by lenders, you could find it more difficult to qualify for the home loan you want. But there could be other options that will make financing your home purchase easier.

Minneapolis

Along with St. Paul, Minneapolis is collectively called the Twin Cities. The metro area of the Twin Cities ranks at number 14 in terms of the overall population. Ranked as the most populous city in Minnesota, Minneapolis is also the county seat of Hennepin County. Population and Number of Homes According to a census from […]

WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority

WHEDA - Wisconsin Housing and Economic Development Authority

Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]