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First Time Home Buyer Information for Illinois and Wisconsin Residents

Posted by Dennis Hardy on Nov 1, 2008

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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 (the 3% can be gifted by a member of your family or employer) but USDA and VA loans allow for no money down 100% financing.

Each First Time Home Buyer program has its own unique characteristics. Some require a verification of prior rent some do not. Some will use Alternate Credit some do not. A few of the programs allow for stated secondary or border income.

For this reason First Time Home Buyers in Illinois and Wisconsin should work with a mortgage banker and not with a lender. If you pick the wrong lender you might be disqualified because your situation does not “fit” their program. A good mortgage banker will work hard to put you into the best loan that they have available to them.

Since we are a Mortgage Banker, we have hundreds of National and Local Lenders that are available to us. We will be able to offer you a very competitive rate. A Rate that is actually available. We do not quote Low rates just to get you to sign an application.

Visit our website to view all programs available to Wisconsin and Illinois First Time Home Buyers at www.AmeristarMadison.com

Please feel free to call me to discuss your mortgage options. I would be happy to answer your questions.

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.com

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

Visit my Wisconsin first time home buyer blog post at http://www.ameristarmadison.com/blog/content/wisconsin-first-time-home-buyer-illinois-first-time-home-buyers/

Visit my Illinois first time home buyer blog post at http://www.ameristarmadison.com/blog/content/illinois-first-time-home-buyer-chicago-first-time-home-buyer/

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