Wisconsin First Time Home Buyer Programs: USDA, FHA and VA

If you are a Wisconsin first time home buyer and you want to take advantage of the $8000 tax credit keep in mind that you only have until November 30, 2009 to purchase your new Wisconsin home.
By: Madison Mortgage
 
Aug. 5, 2009 - PRLog -- Don’t wait to find out if you qualify for a mortgage as a first time home buyer. November 30th is the deadline for closing on a new home to receive the $8000 tax credit offered in the President’s stimulus program. FHA, VA and USDA Guaranteed Rural Housing are great ways to purchase and will allow many more people to qualify than conventional loans.

All three of these programs are loans from banks that will be all or partially, guaranteed by the agency that approves the loan. That means lower minimum credit scores (620) and low or no down payment to get into that home.

Visit us online for detailed program information: http://www.MadisonMortgageguys.com

FHA is a 3.5% down payment program with partially financed mortgage insurance, no income limits and county-by county maximum loan limits.

VA has no down payment, no mortgage insurance, a 2.15% funding fee that is added to your loan and a $417,000 limit ($1,500.000 with money down).

GRH is a US Dept. Of Agriculture program with no down payment, no mortgage insurance and a 2% funding fee added to the loan. There are population restrictions (maps) and county-by county income limits. Go to our USDA Rural Housing program page and follow the links to your state and county for more info.

Toll Free: (877) 240-5810
info@madisonmortgageguys.com
http://www.madisonmortgageguys.com

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






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We are your local Wisconsin mortgage broker who offers first time home buyer, cash out refinance, jumbo, no down payment, 100% financing, interest only, my community mortgage, FHA refinance, FHA loans, VA and rural housing.
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Source:Madison Mortgage
Email:***@madisonmortgageguys.com
Tags:Wisconsin Fha, Madison Fha, Wisconsin No Money Down, Appleton Fha, Green Bay Fha, Wisconsin, Milwaukee Fha
Industry:Real Estate, Mortgage, Financial
Location:Wisconsin - United States
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Page Updated Last on: Nov 30, 2011
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