The Rural Housing Service (RHS), an agency within the Rural Development mission area of the United States Department of Agriculture (USDA), guarantees home loans to assist eligible Wiscosin and Illinois households in obtaining adequate housing in rural areas.
The Wisconsin Rural Housing and Illinois Rural Housing program was developed to provide low and moderate-income rural residents with better access to affordable housing finance options with little or no down payment or out-of-pocket costs.
USDA Rural Development Guaranteed Rural Housing loans are a more affordable alternative to other mortgage loan products that charge monthly mortgage insurance. Guarantee Rural Housing Loans are available to assist eligible households with incomes that do not exceed 115% of the medium income for the area.
Wisconsin Rural Loans and Illinois Rural Housing loans are primarily used to help low-income individuals or households purchase homes in rural areas of Wisconsin and Illinois. The Guarantee Rural Housing Loans also have flexible credit standards, expanded qualifying ratios, no maximum purchase price limits and generous income limits.
For more information about the Guarantee Rural Housing Loan or other loan products of Ameristar Mortgage, please call (877) 240-5840 x23 or visit us online at www.AmeristarMadison.com.
Wisconsin and Illinois Rural Housing program highlights:
• 100% financing; no money down
• No private mortgage insurance
• 30 year fixed interest rate
• Flexible credit guidelines
• Flexible qualifying guidelines
• No maximum purchase price
Visit http://www.ameristarmadison.com/
Dennis Hardy
Local: (608) 242-0826 x23
Toll Free: (877) 240-5840
dennis.hardy@
http://www.AmeristarMadison.com
Visit my blog at http://www.ameristarmadison.com/
Visit my rural housing blog post at http://www.ameristarmadison.com/
