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.
Inlanta Mortgage is your Chicago Illinois FHA mortgage banker:
Dennis Hardy
Toll Free: 877-240-5810 x104
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!
Illinois communities Chicago | Aurora | Waukegan | Rockford | Naperville | Joliet | Cicero | Peoria | Elgin | Schaumburg | Arlington Heights | Northbrook | Mount Prospect | Glenview | Normal | Buffalo Grove | Evanston | Wheaton
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%
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