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Illinois Refinance Wisconsin Refinance Chicago Refinance Milwaukee Refinance Madison Refinance Cash Out 100%

Posted by Dennis Hardy on Nov 20, 2008
  Ameristar Mortgage offers a variety of refinance programs in Wisconsin and Illinois including rate and term refinance, cash out refinance, VA refinance, FHA refinance, VA and FHA cash out refinance, jumbo refinance… The list goes on. For the most part almost every program available has refinance options. If you are looking to obtain a lower [...]

Rural Mortgage Loans in Illinois and Wisconsin: No Down Payment

Posted by Dennis Hardy on Nov 7, 2008
  In today’s shrinking credit market, the USDA rural housing loan program is one of the best no money down mortgage financing options in the marketplace. Many rural families and individuals may be eligible to become homeowners with the help of this program. Good credit and a steady income are not always enough to qualify for a conventional mortgage. A [...]

First Time Home Buyer Information for Illinois and Wisconsin Residents

Posted by Dennis Hardy on Nov 1, 2008
  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 [...]

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

Posted by Dennis Hardy on Oct 26, 2008
  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 [...]

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

Posted by Dennis Hardy on Oct 25, 2008
  The challenge of buying a home for the first time in Chicago, Illinois can seem so daunting that it’s tempting to just go with the first house that falls in your price range or continue to rent. To help you demystify the process and get the most out of the purchase, we’ll examine what you’ll [...]

FHA Condo Spot Loan Approval in Illinois and Wisconsin: Chicago, Milwaukee, Madison

Posted by Dennis Hardy on Oct 21, 2008
There are a lot of condos in Illinois and Wisconsin which are not on the FHA approved condo list. With FHA loans being the most popular program of recent with low downpayment requirements and flexible credit standards, it’s hard to purchase a condo while taking advantage of the FHA program. Read the rest of this entry »

Jumbo Mortgage Loans in Illinois and Wisconsin: Chicago, Milwaukee and Madison

Posted by Dennis Hardy on Oct 11, 2008
Jumbo loans in Illinois and Wisconsin are loans above the maximum loan amount established by the programs offered by the government-chartered corporations Fannie Mae and Freddie Mac. The average interest rates on jumbo mortgages are typically greater than is normal for conforming mortgages, and vary depending on property types and mortgage amount. Jumbo mortgages are now being [...]

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

Posted by Dennis Hardy on Oct 6, 2008
  If you are a Veteran, with an existing Illinois or Wisconsin VA Guaranteed Mortgage, you are entitled to an additional benefit from The Department of Veteran Affairs when it comes to refinancing your VA mortgage. This program is called a VA Interest Rate Reduction Refinance Loan or IRRRL. Under this program, you can refinance your existing [...]

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

Posted by Dennis Hardy on Sep 26, 2008
While most Illinois and Wisconsin mortgage loan products are being scaled back due to associated credit risk, the USDA Rural Housing loan is still allowing borrowers to finance 100% (no down payment) and then some to buy their homes. The USDA Rural Housing loan works a lot like a VA loan with a couple of differences [...]

FHA Down Payment Assistance could be back in Illinois and Wisconsin including Chicago, Milwaukee and Madison

Posted by Dennis Hardy on Sep 25, 2008
  HR 6694 may save the Down Payment Assistance program which is being cutoff October first. A Bill that would save seller-funded downpayment assistance from being eliminated on October 1 passed the House Financial Services Committee today on a voice vote amidst strong bipartisan support. The Bill, The FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act [...]