FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
After the financial problems of the Great Depression, the federal government created the Federal Housing Administration and approved lenders to offer the FHA mortgage. This single action by the government created one of the most popular types of loans that are still used today. Listed below are guidelines and basic information about the FHA program for Wisconsin […]
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 […]
Buffalo Grove is one of the many Chicago suburbs. Classified as a village, Buffalo Grove is located across two counties, Lake and Cook. Buffalo Creek runs through the village, deriving its name from the bison that were commonly seen by Potawatomi Native American tribe. The bison also frequented the grove near the creek, lending the […]
Saving for a down payment can hold you back from purchasing a home. But with the Illinois FHA program, you can purchase a home with as little as 3.5 percent down, making saving for the down payment a little easier. You might have money saved in your checking or savings accounts, but family members can also […]
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.
This service is provided with no obligation to you. The information from this application will help assist our professional staff in obtaining a loan that fits your needs. Being an informed home buyer saves you money! Allow us to pre-approve you at no charge.
If you are looking to make a low down payment or if you are a veteran, the government may be able to help you with a Wisconsin, Illinois, Minnesota or Florida purchase or refinance! Check out these great government mortgage programs: FHA Mortgage Home Loans FHA loans are loans insured by the Department of Housing […]
