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. Inlanta Mortgage offers three mortgage programs still available with little or no money down 100% financing for all Illinois residents:
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: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blog/
Other blog posts:
Elmhurst FHA No money down first time home buyer VA mortgage loans in Elmhurst Illinois IL
Alpine, Alsip, Altgeld Gardens, Arlington Heights FHA, 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 VA loans, 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 refinance, 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, cash out refinance 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, FHA refinance in Skokie, South Barrington, South Chicago, South Chicago Heights, South Deering, South Holland, Southmoor, Spaulding, Staples Corner, Steger, Stickney, Stone Park, Stony Island, no money down FHA VA refinancne in Streamwood, Summit, Sunny Crest, Sutton, Thornton, Thornton Junction, Tinley Park, University Park, West Pullman, Westchester, Western Springs, Wheeling, Willow Springs, Wilmette, Winnetka, Worth
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
Inlanta Mortgage is your Wisconsin and Illinois Rural Housing Mortgage Banker:
Brian Collins
Toll Free: 877-240-5810 x106
brian.collins@madisonmortgageguys.com
http://www.madisonmortgageguys.com/
Visit my blog at http://www.madisonmortgageguys.com/blogs_brian_collins/
Recent Blog Entries:
Inlanta 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 Inlanta 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.
Inlanta Mortgage is your Highland Park, IL Mortgage Broker:
Dennis Hardy
Toll Free: 877-240-5810 x104
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/wisconsin-va-mortgage-loans-illinois-va-home-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
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 Inlanta 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: 877-240-5810 x104
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/wisconsin-va-mortgage-loans-illinois-va-home-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
Streamwood, Illinois: VA, FHA, Refinance, jumbo loans, cash out FHA refinance, FHA no money down no down payment mortgage
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: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blog/
Most recent first time home buyer blog posts:
Chicago, Illinois page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm
We offer cash out refinance, jumbo loans, interest only, no money down, first time home buyer, 100%, FHA loans, VA loans and rural housing loans. www.madisonmortgageguys.com
We are committed to providing our customers with exceptional customer service. By providing our clients with sound, expert advice as to the many different loan programs and options available, we hope to take some of the mystery out of mortgage financing.
For most people, a mortgage loan is the largest financial transaction they will ever make. Our expert mortgage consultants are able to walk you through the mortgage process and put your mind at ease during the application and approval process. We're with you every step of the way including the closing.
Unlike many smaller mortgage brokers or even small banks and credit unions, we perform all of the mortgage functions in house rather than relying on an outside service provider. From our in house processing and underwriting departments to our in house closing department, we are handling every aspect of your loan file to ensure an accurate and timely closing.
We set up appointments according to your schedule, not ours. Our loan consultants are available to take appointments during the day, evenings, weekends and even in your home if that is most convenient for you. We believe that we earn your business. We continue this level of service to all of our internet applications as well.
We are also able provide our clients with an accurate closing cost statement at application time. This ensures that when you show up to closing, you won't be surprised by any hidden fees or charges that were not previously disclosed. And you'll find that we have some of the lowest closing costs in the industry to begin with. We fund our loans on time, and for purchase transactions we usually fund our loans early to ensure a smooth closing with all of the real estate agents involved.
Our company is locally owned and operated out of Waukesha, WI . We currently lend in Wisconsin, Illinois and Florida. We pride ourselves on only hiring the very best and brightest in the industry.
We simply want to provide our clients with some of the most competitive mortgage financing available. We pride ourselves on having some of the lowest interest rates and fees around! The mortgage process can be very confusing at times, especially when trying to compare quotes from different lenders. We believe in treating our clients with the highest level of professionalism and personalized service. Our high level of service has continued to earn us the trust and respect of our past clients, friends and local realtors. We want you to be more than satisfied with your mortgage lending experience with us.
We currently lend in the states of Wisconsin, Illinois and Florida.
Illinois Purchase and Refinance Programs:
First Time Home Buyer
Refinance
No Money Down (100% Financing)
Cash Out Refinance
FHA Mortgage Loans
Debt Consolidation Loans
VA Mortgage Loans
Interest Only Loans
Jumbo Mortgage Loans
80/10 Combo Loans
Freddie Mac Home Possible
FHA Streamline Refinance
Government Mortgage Loans
VA Streamline Refinance
Rural Housing
Less Than Perfect Credit
Jumbo VA Loans
Lender Paid Mortgage Insurance
My Community Mortgage
Non Owner Occupied/Investment
Contact Us
Dennis Hardy
Toll Free: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
www.madisonmortgageguys.com
Visit my blog at http://www.madisonmortgageguys.com/blog/
Illinois Communities: Chicago Glenview Springfield Normal Aurora Buffalo Grove Waukegan Evanston Rockford Wheaton Naperville Joliet Cicero Peoria Elgin Schaumburg Arlington Heights Northbrook Mount Prospect
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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