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First Time Home Buyer Mortgage Loans in Wisconsin and Illinois

Announcement 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). View details


We have the key for first time home buyers in Wisconsin and Illinois

We provide many home financing solutions to better fit your individual needs in achieving the dream of homeownership.

You may qualify for one of our various financing options even if you need 100% financing, lack money for closing costs, or need extra credit flexibility.


The first step for the first time home buyer is to go through the pre-qualification process, most real estate brokers will be asking for this information prior to your viewing homes, this will give you a firm idea of what you can afford and enable you to write the purchase offer with the assurance that you can afford the home. Ameristar Mortgage will also perform the following for a
first time home buyer:

  • Review credit history via a credit report, how and why they work
  • Explain the different types of loan products available
  • Explain, "loan to value", that is the amount of money being borrowed versus the value of the property
  • Examine your debt ratio, which determines how much payment you can afford

Ameristar Mortgage offers many First Time Home Buyer programs including:

All Wisconsin and Illinois Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including FHA, VA and Rural Housing
Wisconsin Refinance Illinois Refinance Programs

Current Wisconsin and Illinois Mortgage Rates
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Latest first time home buyer blog entries:

First Time Home Buyers Mortgage Loans from Ameristar Mortgage
January 25th, 2008

We pride ourselves in offering the Residents of Illinois and Wisconsin the highest level of customer service, and appreciate the opportunity to earn your mortgage business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs.

By putting you first, we assure you a pleasurable transaction. Ameristar Mortgage offers many of the First Time Home Buyers Programs that are available today to all Wisconsin and Illinois residents including Chicago, Milwaukee and Madison.

Read the rest of this entry »


First Time Home Buyer Loans in Chicago from Ameristar Mortgage
January 11th, 2008

The challenge of buying a home for the first time in Chicago, Illinois can seem so daunting that it’s tempting to just go with the first house that falls in your price range or continue to rent. To help you demystify the process and get the most out of the purchase, we’ll examine what you’ll need to consider before you buy, what you can expect from the buying process itself, and some handy tips to make life easier after you purchase your first home.

Considerations before you buy Your first Chicago home

The first thing you’ll need to determine is what your long-term goals are and then how home ownership fits in with those plans. It could be that you’re simply looking to transform all those “wasted” rent payments into mortgage payments that actually give you something tangible. Others see home ownership as a sign of their independence and enjoy the idea of being their own landlord. Narrowing down your big-picture home ownership goals will point you in the right direction.

Here are five questions to ask yourself:

1. What type of home best suits your needs?

You have several options when purchasing a residential property: a traditional single-family home, a townhouse, a condo, or a multi-family building with two to four units. Each option has its pros and cons, depending on your home ownership goals, so you need to decide which type of property will help you reach those goals. You can also save on the purchase price in any category by choosing a fixer-upper, though the amount of time, sweat equity and money involved to turn a fixer-upper into your dream home might be much more than you bargained for.

View all First time home buyer programs

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First Time Home Buyer Loans from Ameristar Mortgage
September 5th, 2008

As a Local Wisconsin and Illinois mortgage broker we treat all of our borrowers with the utmost respect. Our Wisconsin and Illinois Mortgage Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Whether you are Purchasing or Refinancing our goal is to make the loan process as simple and worry-free as possible.

We pride ourselves in offering the Residents of Illinois and Wisconsin the highest level of customer service, and appreciate the opportunity to earn your mortgage business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.

Ameristar Mortgage offers many of the First Time Home Buyers Programs that are available today to all Wisconsin and Illinois residents including Chicago, Milwaukee and Madison.

View all First time home buyer programs

Read the rest of this entry »
 

First Time Home Buyer Loans in Illinois and Wisconsin
August 11th, 2008

First time home buyers in Illinois and Wisconsin need to keep up with the ever changing mortgage market. First time home buyers need to understand what type loans are available to you.

While interest rates have not moved up substantially since reaching 40-year lows of a couple years ago, they are still a major cost factor in buying your first home. First time home buyer programs are available to those who have not owned a home for the past three years and are designed to help borrowers who may not have enough money to pay the full cost of the down payment or the closing costs on a mortgage.

Ameristar Mortgage offers many first time home buyer programs in Wisconsin and Illinois including first time home buyer loans in Chicago, Milwaukee and Madison.

Read the rest of this entry »
 

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