Dennis Hardy

How you can still buy a home in Milwaukee 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 Milwaukee or any where in Wisconsin:

● 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 in Milwaukee visit our FHA Loan page on our website.

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

Inlanta Mortgage is your Milwaukee 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/

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

Announcement $7500 Tax Credit for First Time Home Buyers

FHA mortgage insurance announcement (effective July 14, 2008):

FHA loan limit announcement

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

Wisconsin communities Appleton | Waukesha | Oshkosh | Lake Geneva | De Pere | Waunakee | Fremont | Stoughton | New London | Sun Prairie | Neenah | West Bend | Waupaca | Wisconsin Dells | Green Lake | Portage | Fond Du Lac | Racine | Chilton | Madison | Monroe | Kenosha | Watertown | Milwaukee | Wausau | Menomonee Falls | Janesville | Eau Claire

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

Ameristar Mortgage is your Milwaukee mortgage broker serving Milwaukee Wisconsin since 1988!

Learn how an FHA loan can help you purchase your Wisconsin home.

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.

Features:

• Seller assistance (concession) up to 6 percent
• 30-year fixed-rate mortgage
• low competitive interest rate
• common sense underwriting

Highlights:

• Down payment can be gifted to you
• 2 yrs out of bankrupty
• No cash reserves needed
• Grants accepted
• Bad credit ok / No check ok
• No income limits

For more information on FHA loans in Wisconsin please visit our site at http://www.madisonmortgageguys.com.

To view additional FHA loans requirements visit our FHA loan page on our website:
http://www.madisonmortgageguys.com/government_loans/fha_wisconsin/index.htm

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

Inlanta Mortgage is your local Wisconsin 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/

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

Wisconsin FHA mortgage loan requirements are standards that allow first time home buyers the opportunities to meet mortgage qualifications. The closing costs with FHA mortgages 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 that are offered by lending institutions. Wisconsin 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 Wisconsin FHA loan program will let you purchase a home with a low down payment and flexible guidelines.

Today's Wisconsin 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.

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 more information on Wisconsin FHA mortgage 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

Inlanta Mortgage is your local Wisconsin 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/

FHA loan limits for 2008 announced on our website at http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

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 Milwaukee FHA mortgage and Madison FHA mortageblog 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/

FHA loan limit announcement: http://www.madisonmortgageguys.com/blog/content/its-official-illinois-2008-fha-loan-limits-to-rise/

Our Milwaukee page: http://www.madisonmortgageguys.com/communities/wisconsin/milwaukee/index.htm

Our Madison page: http://www.madisonmortgageguys.com/communities/wisconsin/madison_mortgage/index.htm

Milwaukee FHA mortgage loans, Madison first time home buyers, Milwaukee no money down mortgage loans, Madison 100% financing Middlton WI

http://www.prlog.org/10070270-chicago-fha-mortgage-chicago-fha-loans-chicago-fha-refinance-no-money-down-first-time-home-buyer.html

http://www.prlog.org/10068028-wisconsin-fha-mortgage-illinois-fha-mortgage-home-loans-from-ameristar-mortgage.html

Inlanta Mortgage offers a variety of Wisconsin refinance programs including rate and term refinance, cash out refinance, VA refinance, FHA refinance, VA and FHA cash out refinance, jumbo loans refinance... the list goes on. For the most part almost any program available has refinance options.

If you are looking to obtain a lower interest rate, reduce your payment or cash out to pay off bills or to have cash on hand Inlanta Mortgage can help.

Visit our Refinance Program page for additional refinance information.

Inlanta Mortgage is your local Wisconsin Mortgage Broker:

Dennis Hardy
Toll Free: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
http://www.madisonmortgageguys.com/

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

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

Tags: Wisconsin refinance cash out refinance to 100%, Appleton refinance, Waukesha refinance, Oshkosh refinance, Lake Geneva refinance, De Pere refinance, Waunakee refinance, Fremont refinance, Stoughton refinance, New London refinance, Sun Prairie refinance, Neenah refinance, West Bend refinance, Waupaca refinance, Wisconsin Dells refinance, Green Lake refinance, Portage refinance, Fond Du Lac refinance, Racine refinance, Chilton refinance, Madison refinance, Monroe refinance, Kenosha refinance, Watertown refinance, Milwaukee refinance, Wausau refinance, Menomonee Falls refinance, Janesville refinance, Eau Claire refinance cash out refinance debt consolidation

Where Should I Start?
Contact Inlanta Mortgage to obtain a free pre-approval for a Wisconsin mortgage loan that is best for you.

What do I need to bring with me to get pre-qualified for a Wisconsin mortgage?
If you have everything with you when you visit Inlanta Mortgage, you'll save a good deal of time. You should bring: your last two paystubs, last two years w2's, copies of your checking and savings account statements for the past 2 months and evidence of other assets, like 401K or stocks.

When do I lock in my interest rate?
You have a choice of either locking in on a rate when you find a properly or float up to two days before closing.

Once I am pre-approved what's next?
Find yourself a realtor. You can request referrals from your loan officer or find a local realtor in your area. Once you have found the house you have been looking for, it is time to secure financing.

What happens next?
Inlanta Mortgage will process and underwrite your mortgage loan. At this time Inlanta Mortgage is required to mail out a Good Faith Estimate of closing costs and a Truth-In-Lending. When the loan is approved, one of the mortgage processors will contact you to let you know.

How long will the loan process take?
Usually this process will take a couple days to a few weeks, depending on the type of loan you apply for. Government loans, including FHA loans, VA loans and Rural Housing loans, tend to take longer than conventional conforming loans.

Once I am approved, what do I do next?
Contact your realtor to let them know that you have been approved. Your realtor should know who your lender is and start scheduling for a closing. Also, at this time you should start looking for an insurance agent to secure homeowners insurance.

So what will happen at the closing?
Basically you will sit at a table with your realtor, broker, the sellers and a closing agent from the title company. The closing agent will have loan document papers for you to sign. The closing agent will then give you a basic explanation of each paper, you may take time to read each one. Be sure to consult your loan officer to make sure you know exactly what you're signing or you may have an attorney present.

Don't hesitate to ask questions!

Wisconsin first time home buyer programs Inlanta Mortgage offers can be found on our website http://www.madisonmortgageguys.com/

Contact Inlanta Mortgage today for a free pre-approval:

Dennis Hardy
Toll Free: 877-240-5810 x104
dennis.hardy@madisonmortgageguys.com
http://www.madisonmortgageguys.com/

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

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