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, cash out refinance, jumbo, construction, lot loans, no money down, current mortgage rates, refinance, 100% financing, interest only, investment, my community mortgage, 2nd mortgage, FHA loans, VA and rural housing loans.
Visit us online at http://www.madisonmortgageguys.com or contact us toll free at 877-240-5840.
Visit us online at http://www.madisonmortgageguys.com or contact us toll free at 877-240-5840.
Ameristar Mortgage Blog: Dennis Hardy
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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:
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.madisonmortgageguys.com/
dennis.hardy@madisonmortgageguys.com
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Ameristar Mortgage offers current Wisconsin and Illinois mortgage rates, conforming loans, investment, Illinois cash out refinance, jumbo, debt consolidation, construction, lot loans, no money down, Illinois refinance mortgage interest rates, first time home buyer, 100% financing, interest only, my community mortgage, FHA, VA and rural housing loans. Visit us online at http://www.madisonmortgageguys.com
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