Illinois Rural Housing and Wisconsin Rural Housing Mortgage Loans

Posted by Dennis Hardy on May 5, 2008

FANNIE MAE and FREDDIE MAC AGREE….
NO RESTRICTIONS ON GUARANTEED LOANS!

Many affordable lending products are experiencing higher Loan Level Price Adjustments (LLPA’s), rate adjustments, or Loan To Value (LTV) caps (especially in declining markets). USDA Rural Development is proud to announce that Guaranteed loans are NOT party to any of these restrictions!

Rural Housing program information

Fannie Mae and Freddie Mac have recently published guidance assuring lenders that Guaranteed loans may be submitted as usual. Guaranteed loans are not experiencing any adverse changes during this evolving mortgage environment.

While other programs have significantly reduced client benefits, Guaranteed financing remains constant with Fannie Mae, Freddie Mac, and many other of our other
business partners.

* Up to 102% LTV
* No monthly mortgage insurance
* Flexible credit
* Expanded ratios
* NOT just for first time homebuyers

100% FINANCING WITH NO RESTRICTIONS!

Visit http://www.ameristarmadison.com/government_loans/rural_housing/index.htm for additional Wisconsin and Illinois rural housing program requirements.

Dennis Hardy
Local: (608) 242-0826 x23
Toll Free: (877) 240-5840
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.comVisit my blog at http://www.ameristarmadison.com/blog/

Visit my rural housing blog post at http://www.ameristarmadison.com/blog/content/wisconsin-and-illinois-rural-housing-mortgage-loans/

2008 Rural Housing Income Announcement: http://www.ameristarmadison.com/announcements/rural_housing_income_limits.htm

These icons link to social bookmarking sites where readers can share and discover new web pages.