Chicago Illinois Mortgage Lender offers FHA Mortgage, First Time Home Buyer, VA, Refinance, No Money Down, Jumbo loans, Rural, Cash Out

First Time Home Buyer Credit Extended to April 30 2010: Illinois

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 08 Nov 2009 01:10:19 -0600

On Thursday of last week the extension and expansion of the Homebuyer Tax Credit passed through the House of Representatives. On Friday the President signed it.

The bill extends and expands the $8,000 homebuyer tax credit through April 30, 2010. The bill also revises income limits and would allow a $6,500 "move-up" buyer tax credit for those who have lived in their current principal residence for 5 or more years. In addition, the bill will allow borrowers who have entered into a contract by April 30th to have 60 days (June 30th) to complete the transaction.

Additional Highlights of the updated bill:

Income limits increase to $125,000 for single and $250,000 for married
$800,000 limit of cost of home
Properties purchased by a dependent are now ineligible
Purchaser must now attach proof of purchase of home to tax return
Changes are effective on the date of enactment

If you have additional questions, please feel free to contact me:

Dennis Hardy
Phone: (608) 245-6905 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blogs_dennis_hardy/

http://www.madisonmortgageguys.com/blogs_dennis_hardy/content/first-time-home-buyer-tax-credit-extended/

Visit our home buyer credit announcement on our website for additional details:
http://www.madisonmortgageguys.com/announcements/8000_tax_credit/updates/index.htm

Illinois First time home buyer programs page:
http://www.madisonmortgageguys.com/first_time_home_buyer_wisconsin/index.htm

Illinois first time home buyer tax credit extended including Chicago

Types of Illinois FHA Loans including Chicago, Streamwood, Naperville and Arlington Heights

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Mon, 26 Oct 2009 23:55:54 -0500

Types of Illinois FHA Loans including Chicago, Streamwood, Naperville, Arlington Heights, Schaumburg, Northbrook, Mount Prospect and Glenview

Today's FHA Insured mortgage loan offers the flexibility borrowers are looking for along with the traditional benefits of low down payments, low closing costs, competitive interest rates, and easier qualifying ratios. The FHA mortgage can help you get the best and the lowest possible fixed rates for your mortgage and has helped a number of first time home buyers in getting a mortgage and buying the house of their choice.

Programs with an triple *** are programs that we currently offer. Visit our website for additional program information at http://www.MadisonMortgageguys.com.

***FHA 203(B):

The most popular FHA program is the 203b. The 203b is for 1-4 unit owner occupied purchase and refinance transactions. The reason for its popularity is the low down payment requirement (currently 3.5% of the purchase price) and the increased temporary maximum loan limits. You can search loan limits for your area here.

***FHA 234(C):

The 203c is the same program as the 203b except this program is for condos only.

FHA 203(H):

The 203h program is for disaster victims.

FHA 203(I):

The 203i program is for Outlying Areas which insures lenders against losses on mortgage loans used to

· purchase a proposed, under construction, or existing one-family dwelling, or
· refinance a mortgage on an existing one-family dwelling in a rural area or a farm home located on 2.5 or more acres of land adjacent to an all-weather public road.

The statutory loan limit for the Section 203(i) program is 75 percent of the amount available under Section 203(b) and the LTV is the same as that of the Section 203(b) program.

***FHA 203(K) Streamline:

FHA's Streamlined 203(k) program permits borrowers to

· finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in, and
· quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.

***FHA 203(K):

The Section 203(k) Rehabilitation Home Mortgage Insurance insures lenders against losses on mortgage loans used to

· purchase and rehabilitate an existing one- to-four-family dwelling (completed for more than one year) that will be used for residential purposes
· refinance and rehabilitate such a structure and refinance the outstanding indebtedness (not applicable for Streamline (k)), or
· rehabilitate a dwelling after it has been moved from one site to a new foundation (excluding manufactured homes).

Restriction: Section 203(k) should not be used unless the rehabilitation or improvement costs total a minimum of $5,000 (not applicable for Streamline (k)).

FHA 203(K) and 203(K) Streamline additional information:

Section 203(k) eligible improvements include items such as

· structural alterations (not applicable on Streamline (k))
· additions (not applicable on Streamline (k))
· reconstruction (not applicable on Streamline (k))
· remodeling (only minor remodeling allowed on Streamline (k))
· new siding
· plumbing
· painting
· decking
· heating and/or air conditioning
· electrical systems
· roofing
· flooring and carpeting
· energy efficient improvements
· major landscape work (not applicable on Streamline (k)), and
· pool repairs and pool fences.

Note: All health, safety, and energy efficient items must be addressed prior to completing general home improvements.

I think we will end with the FHA 203(K) and pick up with FHA Sections 203(n), 220 (d)(3)(A), 220(h), 223(e), 233, 238(c), 245(a), 247, 248, 251 and section 255 next time.

Your Illinois mortgage banker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Recent FHA blog posts:

http://www.madisonmortgageguys.com/blog/content/fha-loans-in-illinois-and-wisconsin-including-chicago-fha-milwaukee-and-madison/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-fha-cash-out-refinance-fha-streamline-va-irrrl-va-refinance-chicago-appleton-madison/

http://www.madisonmortgageguys.com/blog/content/chicago-home-buyers-are-returning-to-fha-mortgage-loans-no-down-payment/

http://www.madisonmortgageguys.com/blogs_dennis_hardy/content/types-of-wisconsin-and-illinois-fha-loans/

Qualify for an Illinois Mortgage Refinance: Conventional, FHA and VA

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Mon, 13 Jul 2009 23:15:46 -0500

Qualify for an Illinois Mortgage Refinance: Conventional, FHA and VA including Chicago

Find out if now is the right time to refinance your Illinois mortgage! You may be able to reduce your monthly payments or reduce the life of your loan...by getting a lower interest rate or a new loan term. You may also be able to save even more if you use your refinancing to pay off credit card debt or other installment-type loans. That's because interest on your mortgage is tax-deductible, and the interest on other loans is not. Some key reasons to consider refinancing:

- Get a lower-rate mortgage.
- Convert an adjustable rate mortgage to a fixed rate mortgage.
- Consolidate a first and second mortgage into one lower rate mortgage.
- Get cash for family needs and expenses.

Our most popular Wisconsin refinance and purchase programs offered are listed below:

Conventional/Conforming Refinance and purchase in Illinois:
90% Purchase
Rate and term refinance
Cash out refinance
Debt consolidation refinance

FHA Refinance and Purchase in Illinois:
96.5% Purchase or 100% no money down purchase with gift funds
Rate and term FHA refinance
Cash out FHA refinance
Streamline FHA refinance (FHA to FHA)

VA Refinance and purchase in Illinois:
100% no money down purchase
Rate and term VA refinance
Cash out VA refinance
Interest Rate Reduction Refinance Loans (IRRRL) (VA to VA)

For additional refinance or purchase information visit out website at http://www.MadisonMortgageguys.com.

Ameristar Mortgage is your local Illinois refinance Mortgage Banker:

Dennis Hardy
Toll Free: (608) 245-6905 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

My other refinance blog entries:

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-fha-cash-out-refinance-fha-streamline-va-irrrl-va-refinance-chicago-appleton-madison/

http://www.madisonmortgageguys.com/blog/content/va-refinance-irrrl-loans-in-illinois-and-wisconsin-chicago-milwaukee-and-madison/

http://www.madisonmortgageguys.com/blog/content/why-should-i-refinance-my-chicago-home-and-when-does-it-pay-to-do-so/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-wisconsin-refinance-chicago-refinance-milwaukee-refinance-madison-refinance-cash-out-100/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-fha-cash-out-refinance-fha-streamline-va-irrrl-va-refinance-chicago-appleton-madison/

http://www.madisonmortgageguys.com/blog/content/qualify-for-an-illinois-mortgage-refinance-conventional-fha-and-va/

Chicago Illinois streamwood

First Time Home Buyer Information for Illinois and Wisconsin Residents

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Tue, 30 Jun 2009 22:15:53 -0500

In the past, lenders have required at least 20% down payment on a Wisconsin or Illinois home loan. However, government mortgage programs only require you to put 3.5% down, or even 0% down in certain geographical areas of the Wisconsin and Illinois or if you are a veteran.

FHA Mortgage: 3.5% down payment
USDA Rural Housing: No Money Down
VA Mortgage: No Money Down

How Can I Buy With No Money Out of My Own Pocket with FHA?

FHA loans allow your down payment and closing costs to be a gift. This means if Mom or Dad, or other family members are willing to put up the money for your down payment and closing costs, you could potentially come to the closing table with none of your own money. As long as you can qualify for the loan and can make the monthly payments, gift money is ok.

What if I Don't Have Any Family Members Willing to Give Me Money to Buy a Home?

As a first time home buyer, if you purchase a home before December 1, 2009, you qualify for an $8,000 tax credit from the federal government. Also, with most government loan programs, sellers are allowed to contribute up to 6% of the purchase price towards closing costs as well.

How do I know if I qualify for a USDA Rural Housing Loan?

The first thing I would check is your eligible income. Depending on your family size, USDA Rural Housing loans have income limits. Secondly, you will want to check to see where you plan to purchase is Rural Housing eligible. There are geographical restrictions on these loans.

I've Heard You Need Cash Reserves to Qualify

Not always. Certain loan programs do not require cash reserves. Before, lenders required you had a few months cash reserves in the bank so you could still make your mortgage payment if you lost your job. Now, there are programs available that will allow you to spend every last penny in your bank account in order to close the loan, although we don't recommend you do that.

How Can I Find Out How Much I Can Afford?

To find out how much you can afford, send me an email, fill out one of our many online applications or give us a call. I will evaluate your financial situation and show you what you can afford with no obligation or commitment.

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

First Time Home Buyer Information for Illinois and Wisconsin Residents

http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-information-for-illinois-and-wisconsin-residents-2/

Illinois and Wisconsin FHA Identity of Interest Transaction (family member to family member purchase)

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Mon, 29 Jun 2009 23:42:34 -0500

Illinois and Wisconsin FHA Identity of Interest Transaction (family member to family member purchase)

There's not a lot of information on this topic, so today I thought I would discuss what it is and what it means to you.

Not too long ago, purchasing a home from a family member and having them gift you equity so that you could get a better interest rate or lower loan to value was an easy task but that is no longer the case. Since conventional loans require 740 or better credit scores to even have a shot at the best mortgage rates, FHA has been picking up the slack. But there is a little known guideline that FHA has that conventional loans don't and that is the identity of interest rule.

Basically, if you are purchasing from a family member and the family member does not currently owner occupy that home, you as a purchaser, are limited to 85% loan to value. So, if you were planning on having ma or pa gift you 5 or even 10% equity but they don't occupy the property, you will have to come up with the other 5 or 10% yourself or have that family member lower the price of the home to cover the rest needed to get down to a 85% loan.

There are a few exceptions to this policy which you can read in the table below.

An identity of interest transaction is a sales transaction between parties with family or business relationships.

The maximum LTV ratio for identity of interest transactions on principal residences is restricted to 85 percent

Maximum financing above the 85 percent is permitted under certain circumstances. The table below describes circumstances in which financing above the 85 percent is permitted.

Exception

Description

Family Member Purchase

A family member purchases another family member's primary residence as its primary residence. If the property is not the family member seller's primary residence, the maximum mortgage is the lesser of

85 percent of the appraised value, or
the appropriate LTV ratio percentage applied to the sales price, plus or minus required adjustments.

Reference: For a definition of the term "family member," see below

Family member

A family member is defined as a borrower's

child, parent, or grandparent
spouse
legally adopted sons or daughters
child who is placed with the borrower by an authorized agency for legal adoption, and
foster children.

Note: A child is defined as a son, stepson, daughter, or stepdaughter.

Builder's Employee Purchase

An employee of a builder purchases one of the builder's new homes or models as a principal residence.

Tenant Purchase

A current tenant, including a family member tenant, purchases the property where he/she has rented for at least six months immediately predating the sales contract.

Note: A lease or other written evidence to verify occupancy is required.

The maximum mortgage calculation is not affected by a sales transaction between a tenant and a landlord with no identity of interest relationship.

Corporate Transfer

A corporation

transfers an employee to another location
purchases the employee's home, and
sells the home to another employee.

For detailed Wisconsin or Illinois FHA mortgage information, visit our FHA resource page or view our current FHA mortgage rates.

Ameristar Mortgage is your local Wisconsin and Illinois FHA mortgage broker:

Dennis Hardy
Toll Free: (608) 245-6905 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Recent FHA blog posts:

http://www.madisonmortgageguys.com/blog/content/no-down-payment-va-and-fha-mortgage-in-chicago-illinois/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-fha-cash-out-refinance-fha-streamline-va-irrrl-va-refinance-chicago-appleton-madison/

http://www.madisonmortgageguys.com/blog/content/chicago-fha-mortgage-loans-chicago-fha-refinance/

http://www.madisonmortgageguys.com/blog/content/fha-95-cash-out-refinance-loans-are-going-away/

http://www.madisonmortgageguys.com/blog/content/fha-streamline-refinance-in-wisconsin-and-illinois-including-chicago-milwaukee-and-madison/

http://www.madisonmortgageguys.com/blog/content/fha-condo-spot-loan-approval-in-illinois-and-wisconsin-chicago-milwaukee-madison/

http://www.madisonmortgageguys.com/blog/content/chicago-home-buyers-are-returning-to-fha-mortgage-loans-no-down-payment/

http://www.madisonmortgageguys.com/blog/content/wisconsin-and-illinois-identity-of-interest-transaction-family-member-to-family-member-purchase/

No and low down payment mortgage in Illinois: FHA, VA and USDA

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 28 Jun 2009 23:52:23 -0500

No and low down payment mortgage in Illinois: FHA, VA and USDA

It wasn't that long ago that just about anyone could obtain a Illinois mortgage until we reaped the consequences of easy credit market. Now the bar is so high that obtaining a conventional mortgage is a nearly impossible with less than perfect credit. Even with 20% down, if your middle credit score (middle of three) is below 740, you will not receive the best interest rate available.

Now, with government sponsored programs, such as FHA, VA and USDA Rural Housing, you can still obtain a Illinois home loan with a low or no down payment.

Illinois low or no money down programs:

Illinois FHA:
Up until late 2008 you could get an FHA loan with no down payment but due to the overwhelming popularity, the program has changed more in the last year, than it has in the last 30. Even so, FHA is a great program and still only requires a 3.5% down payment. Closing costs and prepaid items, such as homeowners insurance and tax escrows, can be paid for by the seller if it is written in the initial offer to purchase. The snag, there are loan amount limits. View Illinois's FHA loan limits on our website. You can also read other FHA program requirements and view our current FHA mortgage rates on our site www.MadisonMortgageguys.com.

Illinois VA:
For military veterans and current active duty members, this program is for you. You can view VA eligibility requirements online. The VA program requires no money down but closing costs and prepaid items will have to be paid our of pocket, unless you get a seller credit to pay for them. You can view VA program requirements and current VA mortgage rates on our website.

Once you obtain a VA loan, if refinancing makes sense to do, the VA streamline refinance program requires no appraisal and closing costs are less with a rate and term refinance. A VA cash out refinance will require a new appraisal.

The VA even has a jumbo VA program for loan amounts over the conventional loan limits. However, the VA jumbo program does require a down payment.

Illinois USDA:
The USDA rural housing program is by far one of my favorites. It also has the most restrictions. The first being that you must fall within USDA's income limits for the area you wish to purchase. You can view Illinois's USDA's income limits on our site. The second hurdle is USDA's eligible areas. There are pockets throughout Illinois where USDA will not let you use their loan program. Mostly larger cities such as Chicago or Cook County as a whole. You can view ineligible USDA areas by clicking on the county where you plan to purchase. If the county is un-clickable, then the entire county is eligible.

The reason this program is my favorite, is that there is no down payment required. If the house appraises for more than the purchase price, you can also roll in closing costs and prepaid items into the loan, up to 100% of the appraised value! There is no other program that allows you to do that. You can view detailed USDA program requirements and current USDA mortgage rates on our site.

To prequalify for an FHA, VA or USDA mortgage please contact me:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
http://www.MadisonMortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

View my other no down payment blog posts:

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-mortgage-wisconsin-no-money-down-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-chicago-100-mortgage-home-loans/

http://www.madisonmortgageguys.com/blog/content/usda-rural-housing-mortgage-loans-in-illinois-and-wisconsin-no-money-down/

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-first-time-home-buyer-loans-fha-va-and-rural-housing/

http://www.madisonmortgageguys.com/blogs_brian_collins/content/no-and-low-down-payment-mortgage-in-Illinois-fha-va-and-usda/

Illinois mortgage rates, Lyons, Markham, Melrose Park, Midlothian, Morton Grove, Mount Prospect VA, Niles, Norridge, Northbrook, Northfield, Oak Lawn, Orland Hills, Orland Park, Palatine, Palos Heights, Palos Hills, Palos Park, Park Ridge, Phoenix, Prospect Heights, Rolling Meadows, Rosemont, Schaumburg, Schiller Park, Skokie, Barrington, South Barrington, Streamwood, Tinley Park, Westchester, Western Springs, Wheeling, Willow Springs, Wilmette, Winnetka, Worth, Chicago, Arlington Heights, Bartlett, Brookfield, Buffalo Grove, Burnham, Country Club Hills, Countryside, Crestwood, Des Plaines, Elk Grove Village, Elmwood Park, Evanston, Chicago FHA, Flossmoor, Forest Park, Glencoe, Glenview, Glenwood, Hanover Park, Hickory Hills, No Down Payment Hoffman Estates, Indian Head Park, Inverness, La Grange, USDA Elmhurst, Northbrook, Shorewood, Bloomington Normal, Zion, Round Lake Beach, Grayslake, Gurnee, Waukegan, North Chicago, Libertyville, Mundelein, Lake Bluff, Wauconda, Cary, Lake Zurich, Deerfield, Lake Forest, Highwood, Vernon Hills, Highland Park, Roselle, Itasca, Wood Dale, Bloomingdale, West Chicago, No Money Down Carol Stream, Glendale Heights, Addison, Lombard, Glen Ellyn, Wheaton, Winfield, Highland Hills, Warrenville, Lisle, Naperville, Downers Grove, Oakbrook Terrace, Oak Brook, Hinsdale, Clarendon Hills, Westmont, Burr Ridge, Willowbrook, Daren, Woodridge, Franklin Park

Illinois FHA Refinance, FHA Cash Out Refinance, FHA Streamline, VA IRRRL, VA Refinance: Chicago, Streamwood, Northbrook IL

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Tue, 23 Jun 2009 23:02:31 -0500

If you are considering an Illinois home loan refinance, the first steps are to determine your short and long term goals and then to evaluate the different types of home refinance loan programs available. Refinance loans are available to obtain better interest rates and terms on your existing restaurant or cash out a portion of your equity in property.

Below you will find the most popular refinance programs offered by Ameristar Mortgage:

Conforming FHA:
Rate and term refinance
Cash out refinance
Debt consolidation refinance

FHA Refinance:
Rate and term FHA refinance
Cash out FHA refinance
Streamline FHA refinance (FHA to FHA)

VA Refinance:
Rate and term VA refinance
Cash out VA refinance
Interest Rate Reduction Refinance Loans (IRRRL) (VA to VA)

There are several reasons to refinance your home:

1. To lower the interest rate on your mortgage, reducing your monthly payments
2. To reduce the term or length of your loan
3. Consolidate your debt
4. To draw on the equity built up in the house to get cash for a major purchase, vacation, business venture etc.
5. Have an adjustable rate mortgage (ARM) and want a fixed-rate loan to have the certainty of knowing exactly what the mortgage payment will be for the life of the loan

It is better to refinance if you can get an interest rate at least two percentage points lower than what you are currently paying. However, every situation is different. Most people would consider a savings of $100 or more a month to be worthwhile too. Here are some things to consider:

1. How much can I lower my current monthly payment?
2. How much will I pay in refinancing costs?
3. How much will I still owe on the house?
4. How much am I currently paying each month?
5. How much did I initially pay for the house?

There are other considerations, too, such as how long you plan to stay in the house. Most sources say that it takes at least three years to realize fully the savings from a lower interest rate, given the costs of the refinancing. Itemize all the expenses of the refinance and estimate your new monthly payments. Answering these questions can help you to decide if you should refinance. Visit our refinance calculator to find out how much you will save by refinancing your loan.

Illinois refinance and cash out refinance mortgage loans are available for condos, single-family homes, or multifamily buildings of up to four units. Cash out refinance loans provide the flexibility and variety so that individuals can meet a diverse range of needs, such as: obtaining cash for home improvements or major purchases paying off high interest rate debt (credit cards, auto loans, etc.). In addition to all of these features, cash out refinance loans may also be customized to allow the borrowers in special circumstances to use the proceeds of the refinance transaction to buy out the equity of a co-owner.

Illinois FHA refinance mortgage loans are also becoming increasingly popular among home owners trying to refinance out of subprime loans.
The FHA refinance loan is a great mortgage option for homeowners who want to tap into their home equity and use the funds for other personal needs.
An FHA refinance loan has to fit within the loan amount limits that the FHA sets for the county that you live in.

FHA streamline loans are only available to current FHA-insured homeowners who wish to reduce their monthly payments, however FHA refinance loans are also available to borrowers who have conventional or even subprime mortgages.

VA refinance loans offer veterans a great opportunity to refinance with no money down. VA cash out refinance loans are available for homes that are your principal residence and can be a refinance from a subprime, conventional or prior VA mortgage. If you currently have a VA mortgage and do not require cash out, then you may be eligible for a streamline VA refinance. These loans are also known as Interest Rate Reduction Refinance Loans (VA IRRRL) as these loans are designed to adjust the interest rate on VA home loans with limited documentation.

For additional refinance information visit out Refinance page on our website.

Ameristar Mortgage is your Illinois Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

http://www.madisonmortgageguys.com/blog/content/wisconsin-refinance-milwaukee-refinance-madison-refinance-cash-out-refinance/

http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-wisconsin-refinance-chicago-refinance-milwaukee-refinance-madison-refinance-cash-out-100/

http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-mortgage-home-loans-chicago-refinance-illinois-cash-out-refinance-chicago-cash-out-refinance-to-100/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-fha-cash-out-refinance-fha-streamline-va-irrrl-va-refinance-chicago-appleton-madison/

Illinois FHA Refinance, FHA Cash Out Refinance, FHA Streamline, VA IRRRL, VA Refinance: Chicago, Streamwood, Northbrook IL

Illinois first time home buyers returning to FHA loans: Chicago, Streamwood, Mount Prospect, Glenview and Vernon Hills

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Wed, 17 Jun 2009 22:19:33 -0500

Illinois first time home buyers returning to FHA loans: Chicago, Streamwood, Mount Prospect, Glenview and Vernon Hills

FHA mortgages are becoming popular again in Illinois! It's an institution that has been around for a long time, since June 27, 1934. The Department of Housing & Urban Development folded the Federal Housing Administration (FHA) under its umbrella in 1965.

Blemished Credit History
If your credit is less than perfect, FHA might be the loan for you. You may qualify for an FHA loan even though you have had financial problems.

The Illinois FHA Program applies to owner occupied properties and can be utilized multiple times:

You can qualify for 1 to 6% credit toward: earnest money, application fees, mortgage insurance and tax credit
There are minimal or no money down loans
Any buyer not just the first time home buyer
A co-mortgager or co-signer can be a non-occupant
Interest rates are lower and are equal to or better than normal financing
FHA can qualify for one to four unit properties and HUD approved condos
There are NO reserve requirements (unlike conventional which requires 1or 2 month reserves)
Gift funds are allowed for the entire down payment but must be a family member
The maximum allowed amount for new FHA is $417,000.00 with a 3.5% down payment and mortgage insurance premium
Only the VA and FHA loans are assumable (could be an advantage to either buyer or seller)

Illinois High Cost Areas:

$410,000 Loan Amount Limit
Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County

$339,250 Loan Amount Limit
Boone County and Winnebago County

$281,250 Loan Amount Limit
Bond County, Calhoun County, Clinton County, Jersey County, Macoupin County, Madison County, Monroe County and St. Clair County

The above loan limits are for single family homes. 2-4 family properties have different maximum loans amounts.

View the new premiums.

For more information on Illinois FHA refinance, FHA cash out refinance and FHA purchase loans please visit our Illinois FHA page.

Also view our other Government Loans including VA and Rural Housing: http://www.madisonmortgageguys.com/government_loans/index.htm

Ameristar Mortgage is your Illinois Mortgage Banker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA loan limit announcement: http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

FHA refinance information:
http://www.madisonmortgageguys.com/blog/content/chicago-fha-mortgage-loans-chicago-fha-refinance/

FHA spot loan approval checklist:
http://www.madisonmortgageguys.com/blog/content/fha-condo-spot-loan-approval-in-illinois-and-wisconsin-chicago-milwaukee-madison/

Illinois FHA blog entry:
http://www.madisonmortgageguys.com/blog/content/chicago-fha-loans-illinois-fha-mortgage-home-loans-refinance/

Visit our FHA refinance blog entry:
http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

Visit our FHA blog entry:
http://www.madisonmortgageguys.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/

another blog entry:
http://www.madisonmortgageguys.com/blog/content/illinois-fha-wisconsin-fha-chicago-fha-milwaukee-fha-madison-fha-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/fha-loans-in-illinois-and-wisconsin-including-chicago-fha-milwaukee-and-madison/

FHA mortgage loans in Illinois

http://www.madisonmortgageguys.com/government_loans/fha_wisconsin/index.htm
First time home buyers mortgage in Illinois

no money down

http://wisconsinmortgageillinoismortgage.wordpress.com/2009/06/18/illinois-first-time-home-buyers-returning-to-fha-loans-chicago-streamwood-mount-prospect-glenview-and-vernon-hills/

No Money Down FHA VA Rural Housing in Chicago, Orland Hills, Elmhurst, Streamwood, Glenwood and Carol Stream Illinois

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Mon, 15 Jun 2009 22:38:37 -0500

No Money Down FHA VA Rural Housing in Chicago, Orland Hills, Elmhurst, Streamwood, Glenwood and Carol Stream Illinois

Illinois no money down loans are risky because you are starting off with no equity in the property. They are a colossal risk for the lender, therefore, any one that applies for one of these programs must have extensive documentation to prove their eligibility.

The three primary no money down mortgage solutions that we facilitate are USDA rural housing loans, FHA loans, and VA loans.

FHA, VA and USDA are also the best form of financing for Illinois no money down home mortgages.

Visit our no money down mortgage page for additional Illinois no money down program requirements.

Option 1: Illinois FHA Loans
Although this isn't a "No Money Down" option, the FHA loan is by far one of the best alternatives for people who want to buy a home and don't have much money to put down. With an FHA loan, you could put down as little as 3.5%. Plus, FHA loans are easier to qualify for.

Now, 3.5% may seem like a lot to come up with, but many people find that when they put their minds to it, 3.5% is actually possible. While you can't "borrow" the 3.5%, you can get a "gift" from a family member or borrow from your 401k.

FHA loans do have requirements and restrictions. Not all townhomes and condos qualify, and there is a maximum loan amount you can get based on where you purchase. FHA is the way to go if you've got the 3.5%..

Option 2: Illinois USDA and VA Loan Programs
The USDA and VA loan programs offer full 100% financing right now that will also allow the seller to pay all your closing costs.
The USDA loan is primarily used to help low/moderate-income families and individuals purchase homes in "rural" areas. View current income limits (PDF) and ineligible areas in Illinois
.

The VA offers no money down financing to most veterans depending on length of service. The seller or builder can pay all your closing costs and you have a low monthly payment.

View additional VA Program requirements and Rural Housing Program requirements on our site.

Option 3: Lease-To-Own
With a lease-to-own, you essentially lease a home, but make larger payments in order to begin accumulating a down payment. For example, if a house would normally lease for $900, you might lease it for $1,100/month, with $200/month going into a special account. At the end of a specified period (usually 12-36 months), you buy the home using the money in that special account as your down payment. However, if you decide somewhere along the line not to purchase the home, all of the money in the special account then goes to the seller.

Think of this option as renting with a forced savings account. If you can find someone willing to do this, it's not a bad option. However, most people who are selling their homes need their money out of it in order to buy their next home, so finding someone who is willing to lease to you may prove more difficult.

If you'd like to know more about your financing options give me a call or send me an email.

Dennis Hardy
Local: (608) 242-0826 x23
Toll Free: (877) 240-5840
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Recent Illinois no down payment blog posts:

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-mortgage-wisconsin-no-money-down-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-wisconsin-no-money-down-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/usda-rural-housing-mortgage-loans-in-illinois-and-wisconsin-no-money-down/

http://www.madisonmortgageguys.com/blog/content/how-to-get-a-no-money-down-fha-loan-in-wisconsin-and-illinois/

http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-first-time-home-buyer-loans-fha-va-and-rural-housing/

FHA, VA and Rural Housing Loans in Chicago, Waukegan, Naperville, Joliet, Schaumburg, Arlington Heights, Northbrook, Mount Prospect and Glenview Illinois

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Fri, 12 Jun 2009 23:22:45 -0500

FHA, VA and Rural Housing Loans in Chicago, Waukegan, Naperville, Joliet, Schaumburg, Arlington Heights, Northbrook, Mount Prospect and Glenview Illinois

Illinois no down payment home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. Ameristar Mortgage offers three mortgage programs still available with no money down 100% financing for all Illinois residents:

FHA Loans
VA Loans
Rural Housing Loans

Illinois FHA Loans:

FHA loans are federally insured loans that allow buyers who have little or no credit history, coupled with limited funds available for down payment, to obtain a mortgage with a great interest rate and low monthly payments. FHA home loans are also available for first time buyers. FHA Loans are assumable and streamline refinancing to lower the interest rate is available.

Illinois VA Loans:

VA loans continue to be eligible for 100% financing, of course only those few borrowers with a VA Certificate of Eligibility are able to qualify for this loan. In addition to no down payment, VA home loans have the added benefit of not requiring PMI or private mortgage insurance. VA mortgage loans are guaranteed by The Department of Veterans Affairs, but are made by private lenders to eligible veterans for the purchase of a home. VA loans offer up to 100% financing on the value of a home.

Illinois Rural Housing Loans:

Rural home loans are optimal for firs time homeowners in approved Rural Housing Service areas. USDA rural housing loan programs allow qualified homebuyers to get loans with minimal closing costs and no down payment. The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence. The Guarantee Rural Housing Loans also have flexible credit standards, expanded qualifying ratios, no maximum purchase price limits and generous income limits. Closing costs, prepaids and lender required repairs can be rolled into the loan amount up to 100% of the appraised value (not the purchase price).

A no money down mortgage loan is an excellent choice for a home buyer, who may not have enough money for the standard 20% down payment.

Visit our website at http://www.madisonmortgageguys.com for additional No money down FHA, VA and Rural Housing loan program information.

Dennis Hardy
Phone: (608) 245-6905 x104
dennis.hardy@madisonmortgageguys.com
www.MadisonMortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Recent Chicago no down payment blog posts:

Visit my rural housing blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-and-illinois-rural-housing-mortgage-loans/
Visit my VA loan blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/
Visit my FHA mortgage blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/
Visit my no money down blog post at http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-wisconsin-no-money-down-mortgage-loans/

FHA page:
http://www.madisonmortgageguys.com/government_loans/fha_wisconsin/index.htm

VA page:
http://www.madisonmortgageguys.com/va.htm

Jumbo VA page:
http://www.madisonmortgageguys.com/wisconsin_jumbo_va_illinois_jumbo_va_loans/index.htm

Rural Housing page:
http://www.madisonmortgageguys.com/government_loans/rural_housing/index.htm

Government Loans page:
http://www.madisonmortgageguys.com/government_loans/index.htm

First Time Home Buyer Information for Illinois and Wisconsin Residents

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sat, 01 Nov 2008 23:24:04 -0500

Are you an Illinois or Wisconsin First Time Home Buyer? Ameristar Mortgage offers many of the First Time Home Buyer Programs that are available today.

FHA Loans
USDA Rural Housing
VA Mortgage
My Community Mortgage
Home Possible

These programs allow a buyer to purchase a home with a minimal down payment. Currently, an FHA mortgage requires a 3% down payment (the 3% can be gifted by a member of your family or employer) but USDA and VA loans allow for no money down 100% financing.

Each First Time Home Buyer program has its own unique characteristics. Some require a verification of prior rent some do not. Some will use Alternate Credit some do not. A few of the programs allow for stated secondary or border income.

For this reason First Time Home Buyers in Illinois and Wisconsin should work with a mortgage banker and not with a lender. If you pick the wrong lender you might be disqualified because your situation does not "fit" their program. A good mortgage banker will work hard to put you into the best loan that they have available to them.

Since we are a Mortgage Banker, we have hundreds of National and Local Lenders that are available to us. We will be able to offer you a very competitive rate. A Rate that is actually available. We do not quote Low rates just to get you to sign an application.

Visit our website to view all programs available to Wisconsin and Illinois First Time Home Buyers at www.madisonmortgageguys.com

Please feel free to call me to discuss your mortgage options. I would be happy to answer your questions.

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Visit my Wisconsin first time home buyer blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-first-time-home-buyer-illinois-first-time-home-buyers/

Visit my Illinois first time home buyer blog post at http://www.madisonmortgageguys.com/blog/content/illinois-first-time-home-buyer-chicago-first-time-home-buyer/

http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-information-for-illinois-and-wisconsin-residents/

Illinois, Lyons, Markham, Melrose Park, Midlothian, Morton Grove, Mount Prospect, Niles, Norridge, Northbrook, USDA Rural Housing Northfield, Oak Lawn, Orland Hills, Orland Park, Palatine, Palos Heights, Palos Hills, Palos Park, Park Ridge, Phoenix, Prospect Heights, Rolling Meadows, Rosemont, Schaumburg, Schiller Park, Skokie, Barrington, South Barrington, Streamwood, Tinley Park, Westchester, Western Springs, Wheeling, Willow Springs, Wilmette, Winnetka, FHA Worth, Chicago, VA Arlington Heights, Bartlett, Brookfield, Buffalo Grove, Burnham, Country Club Hills, Countryside, Crestwood, Des Plaines, Elk Grove Village, Elmwood Park, Evanston, Flossmoor, Forest Park, Glencoe, Glenview first time home owners, Glenwood, Hanover Park, Hickory Hills, Hoffman Estates, Indian Head Park, Inverness, La Grange, Elmhurst, Northbrook, Shorewood, Bloomington Normal, Zion, Round Lake Beach, Grayslake, Gurnee, Waukegan, North Chicago, Libertyville, Mundelein, Lake Bluff, Wauconda, Cary, Lake Zurich, Deerfield, Lake Forest, Highwood, Vernon Hills, Highland Park, Roselle, Itasca, Wood Dale, Bloomingdale, West Chicago, Carol Stream, Glendale Heights, Addison, Lombard, Glen Ellyn, Wheaton, Winfield, Highland Hills, Warrenville, Lisle, Naperville, Downers Grove, Oakbrook Terrace, Oak Brook, Hinsdale, Clarendon Hills, Westmont, Burr Ridge, Willowbrook, Daren, Woodridge, Franklin Park, Lincolnwood, Bolingbrook first time home buyers, Lemont, Romeoville, Lockport, Crest Hill, no money down mortgage loans in Joliet, Waunakee, Cross Plains, Mt Horeb, Dodgeville, Watertown, Janesville, Baraboo, Whitewater, Beaver Dam, Stevens Point, Sussex, Cottage Grove, McFarland, Edgerton, Prairie du Sac, Monroe, Wisconsin, Appleton, Waukesha, Oshkosh, Lake Geneva, Stoughton FHA, New London, Sun Prairie, Neenah, West Bend, Waupaca, Wisconsin Dells, Green Lake, Portage, Fond Du Lac, Racine, Madison, Kenosha, Watertown, Milwaukee, Wausau, Menomonee Falls, Eau Claire

No Money Down First Time Home Buyer Loans in Illinois: FHA, VA and Rural Housing

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 26 Oct 2008 22:06:50 -0500

Utilize Illinois government sponsored loan programs to purchase or refinance your current mortgage.

Illinois no money down home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. Ameristar Mortgage offers three mortgage programs still available with little or no money down 100% financing for all Illinois residents:

Illinois FHA Loans
Illinois VA Loans
Illinois Rural Housing Loans

Illinois FHA Loans:

FHA loans are federally insured loans that allow buyers who have little or no credit history, coupled with limited funds available for down payment, to obtain a mortgage with a great interest rate and low monthly payments. FHA home loans are available for Illinois first time buyers and for borrowers that have not used an FHA home loan in the past 3 years. Illinois FHA Loans are assumable and streamline refinancing to lower the interest rate is available.

Illinois VA Loans:

Illinois VA loans continue to be eligible for 100% financing, of course only those few borrowers with a VA Certificate of Eligibility are able to qualify for this loan. In addition to no down payment, VA home loans have the added benefit of not requiring PMI or private mortgage insurance. VA mortgage loans are guaranteed by The Department of Veterans Affairs, but are made by private lenders to eligible veterans for the purchase of a home. VA loans offer up to 100% financing on the value of a home.

Illinois Rural Housing Loans:

Illinois Rural home loans are optimal for first-time buyers in approved Rural Housing Service areas. USDA rural housing loan programs allow qualified homebuyers to get loans with minimal closing costs and no down payment. The purpose of this loan program is to enable eligible low and moderate income (up to 115 percent of the Area Median Family Income) rural residents to acquire modestly priced housing for their own use as a primary residence. The Guarantee Rural Housing Loans also have flexible credit standards, expanded qualifying ratios, no maximum purchase price limits and generous income limits.

These programs are not restricted to first time home buyers

Also, homeowners struggling with high interest rates can take advantage of government programs in place to help refinance out of high risk / high interest loans.

An Illinois no money down mortgage loan is an excellent choice for a home buyer, who may not have enough money for the standard 20% down payment.

Visit our Illinois no money down mortgage page for additional Cook County, Illinois no down payment mortgage program requirements.

Visit our Illinois FHA, VA or Rural Housing page of our site for additional up to date program information.

Visit our Illinois First Time Home Buyer page to view all Illinois mortgage programs available for the first time homeowner.

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

How to Obtain a Rural Housing Mortgage Loan in Wisconsin and Illinois with No Money Down

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sat, 18 Oct 2008 00:00:11 -0500

In today's shrinking credit market, the USDA rural housing loan program is one of the best no money down mortgage financing options in Wisconsin and Illinois.

This post is for home buyers that may not have a good working knowledge of the features and benefits of the US Department of Agriculture's Guaranteed Rural Housing program in Wisconsin and Illinois. I have come to believe that it is one of the most under-utilized mortgage loan programs in the United States. It has many flexible features not found in Conventional and FHA loans.

Rural Home Loan advantages:
If the home you wish to buy is in an area that meets certain population criteria and you are within their ncome limits, Rural Housing offers loans on new and existing properties with cost-saving advantages. Here are some of the key features and program benefits:

· No down payment required.
· No Mortgage Insurance.
· No seller contribution limit.
· No Prepayment Penalty
· Loan up to 102%* of appraised value allowed...not the lesser of Sale Price or Appraisal
· Loan amount can include closing costs and prepaids up to appraised value.
· No stated maximum loan amount; maximum loan based on repayment ability
· No First Time Homebuyer Requirement
· New and existing homes OK
· Fully amortized 30-year fixed rate loan
· Non-traditional credit may substitute for lack of traditional credit history.
· No derogatory credit explanations required when credit score is 620 or above.
· Rent is not verified with FICO of 620 or more.
· Competitive rates

Visit our Rural Housing Mortgage Program page on our website to view location and income eligibility

Ameristar Mortgage is your Wisconsin and Illinois Rural Housing Mortgage Banker:

Brian Collins
Toll Free: (877) 240-5840 x29
brian.collins@madisonmortgageguys.com
http://www.madisonmortgageguys.com/

Visit my blog at http://www.madisonmortgageguys.com/blogs_brian_collins/

Recent Blog Entries:

http://www.madisonmortgageguys.com/blogs_brian_collins/content/ameristar-mortgage-your-illinois-and-wisconsin-mortgage-broker-including-chicago-madison-and-milwaukee/

http://www.madisonmortgageguys.com/blogs_brian_collins/content/va-jumbo-loans-for-illinois-and-wisconsin-residents-ameristar-mortgage/

http://www.madisonmortgageguys.com/blogs_brian_collins/content/fha-mortgage-loans-in-appleton-wisconsin-no-money-down/

http://www.madisonmortgageguys.com/blogs_brian_collins/content/the-loan-process-for-first-time-home-buyers-in-wisconsin-and-illinois-including-milwaukee-chicago-and-madison/

http://www.madisonmortgageguys.com/blogs_brian_collins/content/how-to-obtain-a-rural-housing-mortgage-loan-in-wisconsin-and-illinois-with-no-money-down/

Highland Park Mortgage Broker: First Time Home Buyer, VA, FHA, Refinance, No Money Down

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 12 Oct 2008 22:25:15 -0500

Ameristar Mortgage offers refinance and purchase options in Highland Park, Illinois on single family homes, duplexes, 2-4 unit properties, low and high rise condos, townhouse, 2nd homes, vacation properties, PUDS, and many others. Refinance or purchase now to get a lower rate, turn your adjustable into a fixed rate and get fast cash. Refinance Loans are a great way to consolidate debt into one easy monthly payment.

Our most popular Highland Park refinance and purchase programs offered by Ameristar Mortgage are listed below:

Conventional/Conforming Refinance and purchase in Highland Park:
97% Purchase
Rate and term refinance
Cash out refinance
Debt consolidation refinance

FHA Refinance and Purchase in Highland Park:
97% Purchase or 100% no money down purchase with gift funds
Rate and term FHA refinance
Cash out FHA refinance
Streamline FHA refinance (FHA to FHA)

VA Refinance and purchase in Highland Park:
100% no money down purchase
Rate and term VA refinance
Cash out VA refinance
Interest Rate Reduction Refinance Loans (IRRRL) (VA to VA)

For additional refinance or purchase information visit out website at http://www.madisonmortgageguys.com.

Ameristar Mortgage is your Highland Park, IL Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Latest refinance blog entry
FHA Refinance Information
Latest lender paid mortgage insurance blog entry

http://www.madisonmortgageguys.com/blog/content/wisconsin-refinance-milwaukee-refinance-madison-refinance-cash-out-refinance/

http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-wisconsin-refinance-chicago-refinance-milwaukee-refinance-madison-refinance-cash-out-100/

http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-mortgage-home-loans-chicago-refinance-illinois-cash-out-refinance-chicago-cash-out-refinance-to-100/

FHA Loans

First Time Home Buyer

No Money Down

Refinance

VA Loans

VA Refinance IRRRL Loans in Illinois and Wisconsin- Chicago, Milwaukee and Madison

http://activerain.com/blogsview/736009/Streamwood-Mortgage-Broker-FHA

USDA Rural Housing Mortgage Loans in Illinois and Wisconsin- No Money Down

Government Loans including FHA, VA and Rural Housing for Illinois Residents including Chicago

First Time Home Buyer Loans in Chicago, Illinois- FHA, VA and Conventional

Highland Park, Illinois: VA, FHA, Refinance, jumbo loans, cash out FHA refinance, FHA no money down no down payment mortgage

Streamwood Mortgage Broker: FHA, VA, First Time Home Buyer, Refinance, No Money Down

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 12 Oct 2008 01:12:34 -0500

Inlanta Mortgage offers refinance and purchase options in Streamwood, Illinois on single family homes, duplexes, 2-4 unit properties, low and high rise condos, townhouse, 2nd homes, vacation properties, PUDS, and many others. Refinance pr purchase now to get a low rate, refinance your adjustable into a fixed rate and get fast cash. Refinance Loans are a great way to consolidate debt into one easy monthly payment.

Our most popular Streamwood refinance and purchase programs offered by Ameristar Mortgage are listed below:

Conventional/Conforming Refinance and purchase in Streamwood:
97% Purchase
Rate and term refinance
Cash out refinance
Debt consolidation refinance

FHA Refinance and Purchase in Streamwood:
97% Purchase or 100% no money down purchase with gift funds
Rate and term FHA refinance
Cash out FHA refinance
Streamline FHA refinance (FHA to FHA)

VA Refinance and purchase in Streamwood:
100% no money down purchase
Rate and term VA refinance
Cash out VA refinance
Interest Rate Reduction Refinance Loans (IRRRL) (VA to VA)

For additional refinance or purchase information visit out website at http://www.madisonmortgageguys.com.

Your Streamwood, IL Mortgage Banker:

Dennis Hardy
Toll Free: (608) 245-6905 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-wisconsin-refinance-chicago-refinance-milwaukee-refinance-madison-refinance-cash-out-100/

http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-mortgage-home-loans-chicago-refinance-illinois-cash-out-refinance-chicago-cash-out-refinance-to-100/

FHA Loans

First Time Home Buyer

No Money Down

Refinance

VA Loans

VA Refinance IRRRL Loans in Illinois and Wisconsin- Chicago, Milwaukee and Madison

USDA Rural Housing Mortgage Loans in Illinois and Wisconsin- No Money Down

Government Loans including FHA, VA and Rural Housing for Illinois Residents including Chicago

First Time Home Buyer Loans in Chicago, Illinois- FHA, VA and Conventional

Jumbo loans http://www.madisonmortgageguys.com/blog/content/illinois-jumbo-mortgage-wisconsin-jumbo-mortgage-chicago-jumbo-milwaukee-jumbo-madison-jumbo/

Streamwood, Illinois: VA, FHA, Refinance, jumbo loans, cash out FHA refinance, FHA no money down no down payment mortgage

First Time Home Buyer Loans in Illinois including Chicago

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 21 Sep 2008 21:47:04 -0500

Buying an Illinois home is probably the biggest purchase you'll ever make. Without the proper information, it can also be the most difficult. The following steps will prepare you for the responsibilities of owning a home.

Step 1: Getting Pre-Qualified
Pre-qualification, the first step in obtaining a mortgage, is a quick comparison of your household income, debts, employment and estimated house payments. This step walks you through the process, verifying your eligibility, gathering basic information, and recommending available mortgage programs. read more...

Step 2: Finding an Affordable Property?
Finding an affordable property in Illinois, especially in or around the Chicago, can be quite a challenge. Once you've defined what you can afford to spend, take the time to define your wants and needs in a house, neighborhood and community.

Step 3: Making an Offer
Making an offer on a house may be the single most intimidating step for the first time home buyer. read more...

Step 4: Applying for a Mortgage
With an accepted offer in hand, it's time to start shopping for a loan. Even if you're pre-qualified with a lender, an educated home buyer will compare the terms of the different loan options that may be available. apply online...

Step 5: The Home Inspection
To protect yourself before you buy, you need to know everything you can about the condition of your prospective home. A home inspection is an in-depth examination of a home, and will identify any potential problems and necessary repairs.

Step 6: The Closing Process
Last but not least, it's time to close the loan. The final step in the process walks you through the loan closing, where the title is transferred from the seller to the buyer, and where the financial transaction is completed. Read about the final walk-through, closing costs and what to expect during the closing itself. read more...

Visit our First Time Home Buyer program page for additional programs available to first time home owners

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

Most recent first time home buyer blog posts:

http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-loans-in-chicago-illinois-fha-va-and-conventional/

http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-loans-in-illinois-and-wisconsin-chicago-milwaukee-and-madison/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-first-time-home-buyer-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-first-time-home-buyers-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-first-time-home-buyer-chicago-first-time-home-buyer/

Chicago, Illinois page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm

Chicago FHA: FHA Loan Information for Chicago Residents by Ameristar Mortgage

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 14 Sep 2008 21:48:23 -0500

Chicago FHA mortgage loan requirements are standards that allow first time home buyers the opportunities to meet mortgage qualifications. The closing costs with the FHA loans in Chicago are same as conventional loans excepting that you would have to pay the extra FHA mortgage insurance premium.

FHA home loans are easier to qualify for than conventional loans offered by lending. FHA rules impose limits on some of the fees that mortgage companies may charge in making a loan. Whether you're a first time home buyer, moving to a new home or want to refinance your existing conventional or FHA mortgage, the Chicago FHA loan program will let you purchase a home with a low down payment and flexible guidelines.

An eligible property must be a principal residence, but it can be a single-family residence, a one- to four-unit building with one unit occupied by the borrower, a unit in an FHA approved condominium, or a unit in a planned unit development. Taking advantage of the FHA loan program is a great way for first time home buyers, or anyone with a shortage of down payment funds, to buy a home.

For additional information on FHA mortgage loans in Chicago please visit our site at http://www.madisonmortgageguys.com.

To view additional FHA loans requirements visit our FHA Loan page on our website.

Also view our other Government Loans including VA and Rural Housing: http://www.madisonmortgageguys.com/government_loans/index.htm

Ameristar Mortgage is your Chicago mortgage broker:

Dennis Hardy
Toll Free: (877) 240-5840
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA loan limit announcement: http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

Recent blog entries:

Chicago first time home buyer blog entry: http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-loans-in-chicago-illinois-fha-va-and-conventional/

Visit our FHA refinance blog entry: http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-Chicago-fha-refinance-mortgage-loans/

Visit our FHA blog entry: http://www.madisonmortgageguys.com/blog/content/no-money-down-fha-loans-going-away-in-chicago-get-one-before-october-1st-2008/

another blog entry: http://www.madisonmortgageguys.com/blog/content/va-loans-in-chicago-no-money-down-mortgage-loan/

Our Chicago page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm

http://www.madisonmortgageguys.com/blog/content/chicago-home-buyers-are-returning-to-fha-mortgage-loans-no-down-payment/

http://www.madisonmortgageguys.com/blog/content/how-to-obtain-a-refinance-mortgage-in-chicago-conventional-fha-and-va-refinance/

http://www.madisonmortgageguys.com/blog/content/no-down-payment-va-and-fha-mortgage-in-chicago-illinois/

http://www.madisonmortgageguys.com/blog/content/chicago-fha-mortgage-loans-chicago-fha-refinance/

Chicago FHA mortgage loans, first time home buyers, no money down mortgage loans, Chicago 100% financing

Refinance and Cash Out Refinance in Northbrook Illinois: FHA, VA and Conventional

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 14 Sep 2008 11:15:24 -0500

If you are considering a Northbrook, Illinois home loan refinance, the first steps are to determine your short and long term goals and then to evaluate the different types of home refinance loan programs available. Refinance loans are available to obtain better interest rates and terms on your existing restaurant or cash out a portion of your equity in property.

Below you will find the most popular refinance programs offered by Ameristar Mortgage:

Conforming FHA:
Rate and term refinance
Cash out refinance
Debt consolidation refinance

FHA Refinance:
Rate and term FHA refinance
Cash out FHA refinance
Streamline FHA refinance (FHA to FHA)

VA Refinance:
Rate and term VA refinance
Cash out VA refinance
Interest Rate Reduction Refinance Loans (IRRRL) (VA to VA)

Northbrook refinance and cash out refinance mortgage loans are available for condos, single-family homes, or multifamily buildings of up to four units. Cash out refinance loans provide the flexibility and variety so that individuals can meet a diverse range of needs, such as: obtaining cash for home improvements or major purchases paying off high interest rate debt (credit cards, auto loans, etc.). In addition to all of these features, cash out refinance loans may also be customized to allow the borrowers in special circumstances to use the proceeds of the refinance transaction to buy out the equity of a co-owner.

Northbrook FHA refinance mortgage loans are also becoming increasingly popular among home owners trying to refinance out of subprime loans.
The FHA refinance loan is a great mortgage option for homeowners who want to tap into their home equity and use the funds for other personal needs.
An FHA refinance loan has to fit within the loan amount limits that the FHA sets for the county that you live in.

FHA streamline loans are only available to current FHA-insured homeowners who wish to reduce their monthly payments, however FHA refinance loans are also available to borrowers who have conventional or even subprime mortgages.

VA refinance loans offer veterans a great opportunity to refinance with no money down. VA cash out refinance loans are available for homes that are your principal residence and can be a refinance from a subprime, conventional or prior VA mortgage. If you currently have a VA mortgage and do not require cash out, then you may be eligible for a streamline VA refinance. These loans are also known as Interest Rate Reduction Refinance Loans (IRRRL) as these loans are designed to adjust the interest rate on VA home loans with limited documentation.

For additional refinance information visit out Refinance page on our website.

Ameristar Mortgage is your Northbrook, Illinois Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-wisconsin-refinance-chicago-refinance-milwaukee-refinance-madison-refinance-cash-out-100/

http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-refinance-mortgage-home-loans-chicago-refinance-illinois-cash-out-refinance-chicago-cash-out-refinance-to-100/

http://www.madisonmortgageguys.com/blog/content/why-should-i-refinance-my-chicago-home-and-when-does-it-pay-to-do-so/

http://www.madisonmortgageguys.com/blog/content/no-money-down-fha-loans-going-away-in-chicago-get-one-before-october-1st-2008/

http://www.madisonmortgageguys.com/blog/content/chicago-home-buyers-are-returning-to-fha-mortgage-loans-no-down-payment/

Northbrook community page:

http://www.madisonmortgageguys.com/communities/illinois_mortgage/northbrook_mortgage/index.htm

FHA Mortgage Loans in Glenview Illinois: No Down Payment

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 14 Sep 2008 00:19:28 -0500

FHA loans in Glenview are available to $410,000 thru the end of 2008.

Glenview FHA mortgage loans are available to anybody but are used most often by first time home buyers and low- to moderate-income buyers. FHA loans are insured through a combination of a small upfront mortgage insurance premium (UFMIP), as well as a small monthly mortgage insurance premium.

Glenview FHA loans have less-stringent borrower qualifications than many other mortgages and generally lower interest rates. They also offer significant value to consumers because the interest rates are low with fixed monthly payments and mortgage insurance is now tax deductible.

FHA mortgage loan programs are designed to make homeownership more readily available, so take advantage of what's available to you today.

For more information on Glenview, Illinois FHA refinance, FHA cash out refinance and FHA purchase loans please visit our site at http://www.madisonmortgageguys.com.

To view additional FHA loans requirements visit our FHA Loan page on our website.

Also view our other Government Loans including VA and Rural Housing: http://www.madisonmortgageguys.com/government_loans/index.htm

Ameristar Mortgage is your Glenview, Illinois Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5840
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA loan limit announcement: http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

Visit our FHA refinance blog entry: http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

Visit our FHA blog entry: http://www.madisonmortgageguys.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/

another blog entry: http://www.madisonmortgageguys.com/blog/content/illinois-fha-wisconsin-fha-Glenview-fha-milwaukee-fha-madison-fha-mortgage-loans/

Glenview

Glenview FHA mortgage loans, Glenview first time home buyers, no money down mortgage loans, no down payment Glenview 100% financing

VA Mortgage Loans in Waukegan Illinois: No Money Down

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 14 Sep 2008 00:10:30 -0500

VA mortgage loans in Waukegan operate in very much the same way as FHA loans do, the big difference is that they are provided to veterans only. Waukegan VA loans are designed as guarantees that allow veterans and service personnel to qualify for a home mortgage that require lower closing costs than required with a conventional loan and may require no down payment.

Waukegan VA loans are made to eligible veterans for the purchase of a home that will be occupied as the veteran's primary residence. VA home loans are highly regarded mortgages because loans can be financed at 100%.

While some of the specifics of the program have changed over the years, Waukegan VA loans are still insured by the government against default, and still offer no down payment or private mortgage insurance. In order for veterans to qualify and benefit from VA home loans it is important to understand the loan eligibility requirements, the VA entitlement and various loan types allowed with VA mortgages.

Well versed in the VA mortgage program, our VA specialists will help you:
Understand VA home loan services and programs in their entirety
Prove your VA eligibility by helping you obtain a Certificate of Eligibility
Evaluate your personal financial condition and utilize VA home loan services to develop a financially beneficial and affordable mortgage for your budget
Assist you with the VA home loan application and guide you throughout the VA home loan process including VA refinancing and VA mortgage loans.

The best way to find out how to qualify for this is to contact an Ameristar Mortgage specialist.

Additional VA mortgage information can be found on our website www.madisonmortgageguys.com

For loan amounts over $417,000 please visit our Jumbo VA Loans page for details.

Ameristar Mortgage is your Waukegan Mortgage Banker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

VA eligibility information can be found here: http://www.madisonmortgageguys.com/va_elig.htm

To View the VA Benefits Act of 2004 visit http://www.madisonmortgageguys.com/announcements/va_benefits.htm

Waukegan

No Money Down FHA Loans in Naperville, Illinois

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Wed, 03 Sep 2008 23:00:02 -0500

FHA loans offer no money down financing and 95% cash out refinances. Even if you have been denied or had a FHA loan before its still okay.

Ameristar Mortgage constantly keeps up-to-date on all of the mortgage changes going on to better serve our clients:

  FHA loans in Naperville offer:

  ● Increased loan limits to $410,000 for a single family home in Naperville
  ● Down Payment Assistance, which means No Down payment Loans
  ● No increased costs for credit scores down to 620
  ● Lower mortgage insurance than conventional loans with the same down payment
  ● Cash out up to 95% of your home value without a higher rate
  ● No minimum credit score
  ● More liberal underwriting guidelines
  ● Spot approval on CONDOS

There are a lot of condos in Illinois which are not on the FHA approved condo list.

If the condo you are interested in is not, then you can review the FHA spot loan approval checklist (PDF) and if the condo association answers true to everything, then we can submit the loan to FHA underwriting for approval.

If you are looking for a mortgage that offers a low down payment and relaxed qualifying criteria while still providing competitive interest rates, an FHA mortgage may be right for you.

Ameristar Mortgage is your Naperville, Illinois Mortgage Banker:

Brian Collins
Toll Free: (877) 240-5840 x29
brian.collins@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blogs_brian_collins/

How to Obtain an FHA Mortgage in Chicago: No Money Down

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 31 Aug 2008 22:01:58 -0500

How to Obtain an FHA Mortgage in Chicago: No Down Payment

FHA loans in Chicago have returned to the lending market as a smart option for home financing for first time home buyers and those with less than perfect credit. FHA loans are insured through a combination of a small upfront mortgage insurance premium (UFMIP), as well as a small monthly mortgage insurance premium. FHA loans are not just for first time buyers and are available to everyone looking to purchase or refinance a home.

Chicago FHA loans are available to $410,000 thru the end of 2008.

FHA is on the verge of moving to a risk-based pricing system that, for the first time, will use credit scores and require higher mortgage premiums from those whom it believes pose a higher risk of default. The changes will not impact most borrowers and will actually require lower premiums for good credit and low loan to value loans.

View the new FHA premiums

For more information on Chicago, Illinois FHA refinance, FHA cash out refinance and FHA purchase loans please visit our site at http://www.madisonmortgageguys.com.

To view additional FHA loans requirements visit our FHA Loan page on our website.

Also view our other Government Loans including VA and Rural Housing.

Ameristar Mortgage is your Chicago Illinois FHA mortgage banker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA mortgage insurance announcement (effective July 14, 2008): http://www.madisonmortgageguys.com/announcements/FHA_mortgage_insurance_premiums/updates/index.htm

FHA loan limit announcement: http://www.madisonmortgageguys.com/blog/content/its-official-illinois-2008-fha-loan-limits-to-rise/
or on our website at http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

Effective October 1st, 2008 No money down FHA loans are going away!

No money down FHA purchase, FHA Refinance, FHA mortgage, FHA loans in Chicago

Chicago FHA blog entry: http://www.madisonmortgageguys.com/blog/content/chicago-fha-loans-illinois-fha-mortgage-home-loans-refinance/

Visit our FHA refinance blog entry: http://www.madisonmortgageguys.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

Visit our FHA blog entry: http://www.madisonmortgageguys.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/

another blog entry: http://www.madisonmortgageguys.com/blog/content/illinois-fha-wisconsin-fha-chicago-fha-milwaukee-fha-madison-fha-mortgage-loans/

Our Chicago page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm

FHA mortgage loans in Chicago, first time home buyers in Chicago, no money down (no down payment) mortgage loans 100%

Buy a Home in Chicago With No Money Down: FHA Loans in Illinois

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Wed, 06 Aug 2008 21:50:17 -0500

How you can still buy a home in Chicago with no money down:

Last week the President signed H.R. 3221, Housing and Economic Recovery Act of 2008, into law. The bill contains a provision (SEC. 2113) which forbids FHA from insuring mortgages in which the borrower's down payment comes from a private down payment assistance provider, beginning October 1, 2008. As of this date, the minimum down payment will be increased from 3% to 3.5%.

This means more than 300,000 working class families will be locked out of homeownership in the next year alone. You must act quickly to take advantage of these programs while they are still here.

Saving to buy a home can be a difficult task. For many potential home buyers saving enough money for a down payment and closing costs may take years relegating them to renting instead of owning a home. You can use Gift funds for both first time and repeat homebuyers in Chicago or any where in Illinois:

●Gift funds up to 6% of the final contract sales towards your down payment and/or closing costs
●Gift funds for both new construction and resale homes
●No repayment of gift money
●No income or asset limits
●No geographical restrictions

These programs are going away, so call me today!!!

To view additional FHA loans requirements visit our FHA Loan page on our website.

Also view our other Government Loans including VA and Rural Housing.

Ameristar Mortgage is your Illinois FHA mortgage broker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

FHA mortgage insurance announcement (effective July 14, 2008): http://www.madisonmortgageguys.com/announcements/FHA_mortgage_insurance_premiums/updates/index.htm

Effective October 1st, 2008 No money down FHA loans are going away!

No money down FHA purchase, FHA Refinance, FHA mortgage, FHA loans in Illinois including Chicago

http://charts.technorati.com/blogs/www.madisonmortgageguys.com/blog

FHA Mortgage in Illinois: No Money Down, First Time Home Buyer, Chicago Home Loans, Refinance

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sat, 19 Jul 2008 23:55:48 -0500

Ready to move out of that rented apartment and into your own Illinois home?
We can get you financing.

Have bad credit? We'll find a way to get you financing.

We can do any loan that you are looking for. FHA mortgage, VA loans, Rural loans, Conventional, FIXED, ARM, Home Equity Loans, Jumbo loans, refinance products.

We are a family owned lender that works with over 50 different banks to get the best rate and loan possible for our clients. We try to turn every client into a lifelong customer and the only way to accomplish this is by our super customer service. No loan is too small or big for us and we go the extra mile for those with challenges in their credit or loan structure. Give us a chance to prove ourselves, we promise you won't regret it.

For additional information, visit our site at http://www.madisonmortgageguys.com.

View all of our Illinois Government loans including FHA, VA and Rural Housing: http://www.madisonmortgageguys.com/government_loans/index.htm

Ameristar Mortgage is your Illinois Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/

To view additional FHA loans requirements visit our FHA Loan page on our website.

No money down First Time Home Buyer FHA VA and Rural Housing mortgage loans from Ameristar Mortgage

Elmhurst Posen Prospect Heights Pullman Richton Park River Forest River Grove Riverdale Riverside Robbins Rolling Meadows Rosemont Sag Bridge Sauganash Sauk Village Schaumburg Schiller Park Schrum
Skokie South Barrington South Chicago South Chicago Heights South Deering South Holland Southmoor
Spaulding Staples Corner Steger Stickney Stone Park Stony Island Streamwood Summit Sunny Crest Sutton Thornton Thornton Junction Tinley Park University Park West Pullman Westchester Western Springs
Wheeling Willow Springs Wilmette Winnetka Worth

Illinois FHA, VA, Rural, First Time Home Buyer, No Money Down Mortgage Loans

Dennis Hardy (Inlanta Mortgage: Illinois, Chicago, FHA, Refinance, VA) — Sun, 06 Jul 2008 23:37:37 -0500

Illinois no money down home loans enable those who have not been able to save for a down payment to realize the dream of home ownership. Ameristar Mortgage offers three mortgage programs still available with no money down 100% financing for all Illinois residents:

Illinois FHA Loans
Illinois VA Loans
Illinois Rural Housing Loans

Illinois FHA Loans:

FHA loans are federally insured loans that allow buyers who have little or no credit history, coupled with limited funds available for down payment, to obtain a mortgage with a great interest rate and low monthly payments. FHA home loans are available for Illinois first time buyers and for borrowers that have not used an FHA home loan in the past 3 years. Illinois FHA Loans are assumable and streamline refinancing to lower the interest rate is available.

Illinois VA Loans:

Illinois Rural Housing Loans:

An Illinois no money down mortgage loan is an excellent choice for a home buyer, who may not have enough money for the standard 20% down payment.

Visit our Illinois no money down mortgage page for additional Wisconsin and Illinois no money down program requirements.

Visit our Illinois FHA, VA or Rural Housing page of our site for additional up to date program information.

Visit our Illinois First Time Home Buyer page to view all Illinois mortgage programs available for the first time homeowner.

Dennis Hardy
Toll Free: (877) 240-5840 x23
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/

Visit my VA loan blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-va-mortgage-loans-illinois-va-home-loans/

Visit my FHA mortgage blog post at http://www.madisonmortgageguys.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/

Visit my no money down blog post at http://www.madisonmortgageguys.com/blog/content/illinois-no-money-down-wisconsin-no-money-down-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-fha-refinance-cash-out-refinance-and-streamline-refinance/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-va-mortgage-loans-with-no-money-down/

Chicago FHA mortgage loans, Chicago no money down VA purchase and refinance mortgage lender, FHA loans in Chicago, Illinois

Alpine, Alsip, Altgeld Gardens, Arlington Heights, Barrington, Barrington Hills, Barrington Woods, Bartlett, Bedford Park, Bellwood, Berkeley, Bernice, Berwyn, Blue Island, Braeside, Bridgeview, Broadview, Brookfield, Buffalo Grove, Burbank, Burnham, Burnside, Calumet City, Calumet Park, Chicago, Chicago Heights, Chicago Ridge, Cicero, Clearing, Country Club Hills, Countryside, Crawford, Countryside, Crestwood, Des Plaines, Dixmoor, Dolton, Dunning, East Hazel Crest, East Side, Elk Grove Village, Elmwood Park, Elsdon, Englewood, Evanston, Evergreen Park, Fernway, Fernway Park, Flossmoor, Flossmoor Highlands Ford Heights, Forest Park, Forest River Forest View, Franklin Park, Glencoe, Glenn, Glenview, Glenwood, Goeselville, Golf, Gross Point, Harvey, Harwood Heights, Hastings, Hazel Crest, Hazel Green, Hegewisch, Hickory Hills, Hillside, Hodgkins, Hoffman Estates, Holbrook, Hometown, Homewood, Hubbard Woods, Indian Head Park, Indian Hill, Inverness, Justice, Kenilworth, Kensington, La Grange, La Grange Park, Lansing, Lemont Lincolnwood, Lynwood, Lyons, Markham, Matteson, Maywood, McCook, Melrose Park, Merrionette Park, Midlothian, Morton Grove, Mount Prospect, Niles, Norridge, North Northfield, North Riverside, Northbrook, Northfield, Northfield Woods, Northlake, Oak Forest, Oak Lawn, Oak Park, Oakglen, Olympia Fields, Orland Hills, Orland Park, Palatine, Palos Heights, Palos Hills, Palos Park, Park Forest, Park Ridge, Phoenix, Posen, Prospect Heights, Pullman, Richton Park, River Forest, River Grove, Riverdale, Riverside, Robbins, Rolling Meadows, Rosemont, Sag Bridge, Sauganash, Sauk Village, Schaumburg, Schiller Park, Schrum, Skokie, South Barrington, South Chicago, South Chicago Heights, South Deering, South Holland, Southmoor, Spaulding, Staples Corner, Steger, Stickney, Stone Park, Stony Island, Streamwood, Summit, Sunny Crest, Sutton, Thornton, Thornton Junction, Tinley Park, University Park, West Pullman, Westchester, Western Springs, Wheeling, Willow Springs, Wilmette, Winnetka, Worth