VA Refinance Guideline Changes in Illinois and Wisconsin
Posted by Dennis Hardy on Nov 15, 2008
Veterans with conventional home loans now have new options for refinancing to a Department of Veterans Affairs (VA) guaranteed home loan. These new options are available as a result of the Veterans’ Benefits Improvement Act of 2008, which the President signed into law on October 10, 2008. The new law makes changes to VA’s home loan [...]Posted in News and Updates || No Comments »
2009 FHA Mortgage Loan Limits in Illinois and Wisconsin including Chicago, Milwaukee and Madison
Posted by Dennis Hardy on Nov 12, 2008
WASHINGTON - U.S. Department of Housing and Urban Development Secretary Steve Preston today announced the new Federal Housing Administration (FHA) mortgage loan limits for single-family homes as prescribed by the Housing and Economic Recovery Act of 2008. Beginning January 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low cost areas and up [...]Posted in News and Updates || No Comments »
FHA Down Payment Increases to 3.5% effective January 1, 2009
Posted by Dennis Hardy on Oct 20, 2008
If you thought you missed out on the lower minimum down payment for FHA loans, don’t worry, due to a postponement you still have time. The minimum down payment for FHA loans which was scheduled to increase from 3% to 3.5% on October 1, 2008 has been postponed. The revised effective date of the increase [...]Posted in News and Updates || No Comments »
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 [...]$7500 Tax Credit for First Time Home Buyers in Illinois and Wisconsin
Posted by Dennis Hardy on Aug 18, 2008
The Housing and Economic Recovery Act of 2008 was just signed into law. One of the major provisions provides a $7,500 tax credit to qualified First Time Home Buyers (as well as those who have not owned a home in the last three years). Here’s an explanation of how the new Housing Bill works for 1st [...]Posted in News and Updates || No Comments »
It’s Official! Illinois 2008 FHA Loan Limits to Rise!
Posted by Dennis Hardy on Mar 12, 2008
FHA has increased the limits on loans they will fund to $410,000 for single family homes in Cook, Dupage, Dekalb, Grundy, Kane, Kendall and Lake counties. The increase should provide some relief for homeowners paying adjustable or high mortgage rates. The measure is temporary, and will be available until the end of 2008. Visit http://www.ameristarmadison.com/announcements/FHA_loan_limits.htm for details.Posted in News and Updates || No Comments »
Widget for Current Wisconsin and Illinois Mortgage Rates and Program Information
Posted by Dennis Hardy on Mar 6, 2008
Download Ameristar’s newest widget to receive current mortgage rates and program information for Wisconsin and Illinois residents via desktop, MySpace, Facebook, iGoogle, MyYahoo and many more… View Widget Dennis Hardy www.AmeristarMadison.com 608-242-0826 x23 877-240-5840 dhardy@ameristarmadison.comPosted in News and Updates || No Comments »