Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. […]
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 […]
The VA home loan is one of the best ways for a qualifying veteran, service member, or surviving spouse of a service member to purchase a home. The fact that they can buy a home without a down payment is great alone, but when you combine the other benefits such as low-interest rates and no […]
Buying a home requires a bit of preparation. If you meet the following conditions then you should be ready to purchase your first home this Fall!
Following this simple advice will help the loan approval process and save you some unnecessary heartache. What NOT to do before closing on a house.
The option of using a non-occupying co-borrower on FHA, Fannie Mae or Freddie Mac mortgage loan opens up homeownership to more borrowers. These are often first-time home buyers who wouldn’t otherwise be able to qualify so soon.
The overall strong real estate market has seen major booms in the last few years. The increase in average prices have led to a change in the Fannie Mae and Freddie Mac conventional loan limits, yet again. For the year 2024, the maximum loan limit amount allowed by either Freddie Mac or Fannie Mae for […]
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. […]
We are proud to offer a wide range of loans that will fit any type of housing need for our clients. Conventional Loans A conventional loan is perfect for homebuyers that have excellent credit and a small nest egg saved for a down payment. With a 3%* down payment, conventional loans offer the lowest rates […]
How To Get A VA Loan in Michigan If you are currently serving in the military or you are a veteran, you could be eligible for a VA loan to help you purchase a home in Michigan. The VA loan offers many advantages to help current and former service members purchase a home with better […]
