Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 12/01/2008: Wisconsin and Illinois
Posted by Brian Collins on Dec 1, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
12/01/2008 at 10:05 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.500% (5.572% APR) |
| 15 Year Fixed: | 5.250% (5.372% APR) |
| 30 Year FHA and VA: | 6.000% (6.062% APR) |
| 30 Year Rural Housing: | 6.000% (6.062% APR) |
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Wisconsin and Illinois My Community Mortgage (MCM): Chicago, Milwaukee and Madison
Posted by Brian Collins on Nov 28, 2008
Wisconsin and Illinois My Community Mortgage (MCM) helps lenders serve low- and moderate-income borrowers and communities with flexible terms and many options.
My Community Mortgage Highlights
No minimum borrower contribution (one-unit)
Low mortgage insurance coverage requirements: 18% for 97% LTV
Up to 97% percent LTV ratio (one-unit)
Up to 40-year term and options for initial interest-only period
Eligible for Community Seconds or standard subordinate financing
Qualifying Community Seconds can be treated as a gift rather than a 2nd lien
Flexibility on credit histories, nontraditional credit accepted
Income-source flexibilities, including boarder income from relatives or nonrelatives
Visit our My Community Mortgage page for additional program information.
Posted in Chicago Mortgage Programs, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, My Community Mortgage, Wisconsin Programs || No Comments »
Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/26/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 26, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/26/2008 at 10:10 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.625% (5.686% APR) |
| 15 Year Fixed: | 5.625% (5.729% APR) |
| 30 Year FHA and VA: | 6.000% (6.062% APR) |
| 30 Year Rural Housing: | 6.000% (6.062% APR) |
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No Money Down FHA VA Rural Housing in Greendale, Pewaukee, Green Bay, Milwaukee, Franklin and West Allis Wisconsin
Posted by Brian Collins on Nov 25, 2008
No Money Down FHA VA Rural Housing in Greendale, Pewaukee, Green Bay, Milwaukee, Franklin and West Allis Wisconsin
Wisconsin no money down loans are risky because you are starting off with no equity in the property. They are a colossal risk for the lender, therefore, any one that applies for one of these programs must have extensive documentation to prove their eligibility.
The three primary no money down mortgage solutions that we facilitate are USDA rural housing loans, FHA loans, and VA loans.
FHA, VA and USDA are also the best form of financing for Wisconsin no money down home mortgages.
Visit our no money down mortgage page for additional Wisconsin no money down program requirements.
Posted in FHA Loans, Madison Mortgage Programs, Milwaukee Mortgage Programs, No Money Down Loans, Rural Housing Loans, VA Loans, Wisconsin Programs || No Comments »
Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/25/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 25, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/25/2008 at 10:25 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 5.625% (5.686% APR) |
| 15 Year Fixed: | 5.625% (5.729% APR) |
| 30 Year FHA and VA: | 6.000% (6.062% APR) |
| 30 Year Rural Housing: | 6.000% (6.062% APR) |
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Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/24/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 24, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/24/2008 at 9:57 AM CST
Current Mortgage Rate Trend: improving
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.250% (6.434% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
Posted in Current Mortgage Rates || No Comments »
Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/21/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 21, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/21/2008 at 9:57 AM CST
Current Mortgage Rate Trend: worsening
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.125% (6.188% APR) |
| 15 Year Fixed: | 5.875% (5.979% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
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January 1st 2009 FHA Down Payment to 3.5 Percent in Wisconsin and Illinois
Posted by Brian Collins on Nov 20, 2008
The down payment requirement on FHA loans will go up to 3.5% (from 3%). The effective date for reforms is January 1, 2009, but the loan limits will not go into effect until the expiration of the Economic Stimulus limits (December 31, 2008).
For many years we calculated FHA down payment by way of Acquisition Cost. Now… that’s “out the window.” With the new “revisions” we calculated a “straight” 3.5% as reflected in the Mortgagee Letter below:
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Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/20/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 20, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/20/2008 at 9:13 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
Posted in Current Mortgage Rates || No Comments »
Current Mortgage Rates in Elgin, Appleton, Greenbay and Middleton 11/19/2008: Wisconsin and Illinois
Posted by Brian Collins on Nov 19, 2008
Wisconsin and Illinois Mortgage Interest Rates as of
11/19/2008 at 9:47 AM CST
Current Mortgage Rate Trend: steady
Visit http://www.ameristarmadison.com/current_rates/index.htm for all current rates and APR information.
| 30 Year Fixed: | 6.000% (6.062% APR) |
| 15 Year Fixed: | 5.750% (5.854% APR) |
| 30 Year FHA and VA: | 6.500% (6.687% APR) |
| 30 Year Rural Housing: | 6.500% (6.687% APR) |
Posted in Current Mortgage Rates || No Comments »