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 [...]Government Loans including FHA, VA and Rural Housing for Illinois Residents including Chicago
Posted by Dennis Hardy on Sep 21, 2008
With such a wide variety of mortgages available to individuals pursuing first time home buyer loans, it is crucial to understand as much as possible about each potential mortgage type. Almost all programs offered by Ameristar Mortgage are available to first time home buyers in Illinois including Chicago. If you are looking for a no down [...]Posted in Chicago Mortgage Programs, FHA Loans, First Time Buyers, Illinois Mortgage Programs, Rural Housing Loans, VA Loans || No Comments »
FHA Loans in Illinois and Wisconsin including Chicago FHA, Milwaukee and Madison
Posted by Dennis Hardy on Aug 15, 2008
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 in Wisconsin or Illinois may be right for you. FHA Loan Features: Read the rest of this entry »Posted in Chicago Mortgage Programs, FHA Loans, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, Wisconsin Programs || No Comments »
No Money Down FHA Loans Going Away in Chicago: Get One Before October 1st, 2008
Posted by Dennis Hardy on Aug 10, 2008
No Money Down FHA Loans Going Away in Chicago: Get One Before October 1st, 2008 The mortgage and financial news has come quick and fast. I just wanted to take a moment and help you fully understand what appears to be happening. The House has approved the Foreclosure Bill and the President has signed it into law. [...]Chicago Home Buyers are Returning to FHA Mortgage Loans: No Down Payment
Posted by Dennis Hardy on Aug 9, 2008
Chicago home buyers returning to FHA loans FHA mortgages are becoming popular again in Chicago! 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 [...]How to get a No Money Down FHA Loan in Wisconsin and Illinois
Posted by Dennis Hardy on Aug 6, 2008
How you can still buy a home in Wisconsin or Illinois 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, [...]Posted in Chicago Mortgage Programs, FHA Loans, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, No Money Down Loans, Wisconsin Programs || No Comments »
FHA Condo Spot Loan Approval in Illinois and Wisconsin: Chicago, Milwaukee, Madison
Posted by Dennis Hardy on Jul 26, 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 »Posted in Chicago Mortgage Programs, FHA Loans, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, Wisconsin Programs || No Comments »
No Down Payment VA and FHA Mortgage in Chicago, Illinois
Posted by Dennis Hardy on Jul 25, 2008
Utilize Chicago government sponsored loan programs to purchase or refinance your current mortgage. Ameristar Mortgage is an FHA / VA lender with down payment assistance programs available for purchasing a home. Not restricted to first time home buyers — Down payment assistance covers all closing costs and settlement charges, and most if not all of your down [...]Posted in Chicago Mortgage Programs, FHA Loans, Illinois Mortgage Programs, VA Loans || No Comments »