Ameristar Mortgage Blog

Illinois Home Possible and Wisconsin Home Possible mortgages are a responsible, low down payment mortgage option for first time home buyers or home buyers with little money to put down. Home Possible Mortgages allow low down payment and flexible credit terms to help more borrowers realize the dream of home ownership. They are designed to assist first time homebuyers, especially those with limited credit or down payment savings.

Visit our Home Possible page for additional information.

Wisconsin and Illinois Home Possible loans are a great mortgage program for people who may not be able to qualify for a loan under other mortgage programs. This mortgage program was developed to allow borrowers who may have limited savings, no credit histories, or nontraditional sources of income a better opportunity to buy or refinance a single-family home or condo, or a two- to four-family home that is used as a primary residence. A Home Possible mortgage offers underserved qualified Borrowers flexible underwriting, low- to no down payment, expanded loan-to-value (LTV) and total loan-to-value (TLTV) ratios, and other special underwriting features.

The Home Possible Mortgage Program has payment options with terms up to 40 years, with interest only payments available. This program allows for the seller to pay the borrowers’ closing cost up to 6% of the sales price, and requires no contributions by the borrower.

Contact Ameristar Mortgage today to see if Home Possible is the right mortgage program for you.

Ameristar Mortgage is your local Wisconsin and Illinois Mortgage Broker:Dennis Hardy
Local: (608) 242-0826 x23
Toll Free: (877) 240-5840
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.com

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

Resources: www.ameristarmadison.com/wisconsin_illinois_home_possible/index.htm
Similar Programs: www.ameristarmadison.com/wisconsin_illinois_my_community_mortgage