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Illinois and Wisconsin FHA Loans, Refinance, No Money Down, First Time Home Buyer, VA, Jumbo Mortgage

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Local Wisconsin and Illinois Mortgage Broker

 

Ameristar Mortgage, your local Illinois and Wisconsin mortgage broker, offers first time home buyer, 80/10, 80/15, cash out refinance, jumbo, construction, lot loans, no money down, current mortgage rates, refinance, 100% financing, interest only, investment, my community mortgage, Fannie Mae flex 100, 2nd mortgage, FHA loans, VA and rural housing loans.

Visit us online at http://www.ameristarmadison.com or contact us toll free at 877-240-5840.

Wisconsin FHA Loans Illinois FHA Loans Chicago FHA Mortgage Milwaukee FHA Loans Madison FHA Mortgage Loans 

The main advantage to a FHA home loan is that the credit criteria are not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Someone who may have had a few credit problems or no traditional credit should not have a problem obtaining FHA financing. The monthly mortgage insurance premium is cheaper for an FHA loan verses a conventional loan with 3% down. Finally, FHA loans may may require less income to qualify as they will exceed the Conventional debt ratios of 28/36% as their standard is 29/41%.



The most popular FHA home loan program is by far is the 203(b). This is your standard fixed rate or adjustable rate loan for 1-4 family owner occupied houses and only requires a minimum of 3% from the borrower This loan also permits 100% of their money needed to close to be a gift from a relative, non-profit organization, or government agency.



Contact Ameristar Mortgage if you are interested in learning more about Illinois and Wisconsin FHA loans:


Dennis Hardy
Ameristar Mortgage
(877) 240-5840 x23

http://www.ameristarmadison.com/


dennis.hardy@ameristarmadison.com


 


 




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Wisconsin and Illinois Resources: 

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Ameristar Mortgage offers current Illinois mortgage rates, conforming loans, investment, Illinois cash out refinance, Illinois jumbo, 80/20 Illinois, debt consolidation, construction, lot loans, Illinois no money down, Illinois refinance mortgage interest rates, Illinois first time home buyer, Illinois 100% financing, interest only, my community mortgage, FHA, VA and rural housing loans. Visit us online at http://www.ameristarmadison.com

Ameristar Mortgage Wisconsin offers first time home buyer, 80/20, Wisconsin cash out refinance, jumbo, construction, lot loans, Wisconsin no money down, Wisconsin refinance, 100% financing, interest only, investment, my community mortgage, FHA, VA and rural housing loans.

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About ameristar

Ameristar Mortgage, your local Illinois and Wisconsin mortgage broker, offers first time home buyer, 80/20, cash out refinance, jumbo, construction, lot loans, no money down, current mortgage rates, refinance, 100% financing, interest only, investment, my community mortgage, Fannie Mae flex 100, 2nd mortgage, FHA, VA and rural housing loans. Visit us online at http://www.ameristarmadison.com or contact us at (608) 242-0826.

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