First Time Home Buyer Mortgage in Illinois including Chicago

Sept. 21, 2008 - PRLog -- As an Illinois mortgage banker we treat all of our borrowers with the utmost respect. Our 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 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 Illinois residents including Chicago.

My Community Mortgage
Home Possible
FHA Loans
USDA Rural Development
VA Mortgage
Jumbo Loans
Jumbo VA Loans

The USDA Rural Development Program is a mortgage program that permits 100% financing. It will even permit the buyer to finance all closing costs if the home appraises for more that the purchase price. The USDA Mortgage is also very flexible as to credit requirements. (not available in all areas. Please see our website http://www.madisonmortgageguys.com for additional information)

These programs allow a buyer to purchase a home with no down payment. Currently FHA requires a 3% down payment but it can be gifted or granted from a non profit agency which Ameristar Mortgage can help you obtain.

Each program has its own unique characteristics. Some require a verification of prior rent and some do not. Some will also use alternate credit while other will not. A few of the programs allow for stated secondary or border income.

For this reason first time home buyers should work with a mortgage banker and not with a lender. If you pick the wrong lender you might be disqualified because your situation does not "fit" their program. A good mortgage banker will work hard to put the buyer into the best loan that they have available to them.

Since Ameristar Mortgage is a mortgage banker we will be able to offer you a very competitive rate. A rate that is actually available. We do not quote low rates just to get you to sign an application. Get your rate quote today!

We have many programs for people with excellent credit or damaged credit. We will even let you know if you should wait and clear up some credit issues before you purchase or refinance.

Please feel free to call me to discuss your mortgage options. I would be happy to answer your questions.

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@madisonmortgageguys.com
http://www.madisonmortgageguys.com

Visit my blog at http://www.madisonmortgageguys.com/blog/










Visit our most recent first time home buyer blog posts:

http://www.madisonmortgageguys.com/blog/content/first-tim...

http://www.madisonmortgageguys.com/blog/content/first-time-home-buyer-loans-in-illinois-and-wisconsin-chicago-milwaukee-and-madison/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-first-time-home-buyer-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-and-wisconsin-first-time-home-buyers-mortgage-loans/

http://www.madisonmortgageguys.com/blog/content/illinois-first-time-home-buyer-chicago-first-time-home-buyer/

Chicago, Illinois page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm

Illinois first time homeowner information:
http://www.ameristarmadison.com/first_time_home_buyer_wisconsin/index.htm

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Ameristar Mortgage, your local Illinois and Wisconsin mortgage broker, offers first time home buyer, cash out refinance, jumbo, lot loans, no money down, 100% financing, interest only, my community mortgage, FHA loans, VA and rural housing.