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Updated by Luke Skar on Sep 19, 2019
Headline for Best Mortgage Resources for Home Buyers
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Best Mortgage Resources for Home Buyers

No Down Payment Mistakes To Avoid

Learn how to avoid no down payment mistakes made by people when they buy a home and get a mortgage with little or no money down.

No Money Down Mortgage Options

No money down mortgage in Wisconsin, Illinois, Minnesota, and Florida. See available mortgage programs with no or low down payment options in 2017!

Avoid These No Down Payment Mortgage Mistakes

Read detailed information on how to avoid no down payment mortgage mistakes on our blog https://www.madisonmortgageguys.com/no-down-payment-mistakes/ In this...

WHEDA Home Loan Requirements: Wisconsin Housing and Economic Development Authority

WHEDA Home Loan Requirements: Wisconsin Housing and Economic Development Authority offers Fannie Mae conventional, FHA and VA mortgage programs.

Illinois FHA Loan

An Illinois FHA loan is a great way for IL home buyers to buy a home with a small down payment. View FHA mortgage requirements and guidelines inside!

VA Mortgage FACTS

The following compilation will provide important VA mortgage facts that are definitely true as well as debunk some commonly believed myths.

FHA Loan Explained: First Time Home Buyer Information

Learn more about the FHA loan on our website https://www.madisonmortgageguys.com/programs/government/fha-loans/ Without a doubt, the FHA loan is one of the m...

What Is A 203k Loan?

FHA 203k requirements in Wisconsin, Illinois, Minnesota, & Florida for purchase and refinance. Full and streamline FHA 203k mortgage loans available!

How Do VA Loans Work? A Veterans Guide

What is a VA loan? Many home buyers ask this question. See a complete veteran's guide to home ownership. Tips on how a VA Mortgage works and eligibility.

Illinois USDA Rural Development Mortgage

An Illinois rural development loan is a great way for IL residents to buy a home with no down payment. View USDA mortgage requirements and guidelines inside!

Florida USDA Mortgage: Program Requirements and Guidelines

The Florida USDA loan is a great way for FL residents to buy a home with no down payment. View USDA mortgage requirements and guidelines inside!

Hello, Mortgage Loan Options!

Did you know there are actually quite a few loan options available? Did you also know, you don't need to put 20% down? Below are a few mortgage options available to home buyers. 1. Conventional: this type of loan is not insured or guaranteed by an...

Illinois VA Loan Requirements

An Illinois VA loan is a great way for IL home buyers to buy a home with no money down. View VA mortgage requirements and guidelines inside!

VA Minimum Property Requirements That Veterans MUST Know

The VA minimum property requirements are guidelines for the condition of the property such as adequate heat, a dependable roof, along with other things.

FHA Underwriting Guidelines Home Buyers Absolutely Should Know

If you are in the market to purchase a home but your credit has a few dings and your funds for a down payment are less than 5%, there is still hope. An FHA home loan is designed for this exact kind of circumstance. The following article describes the basic guidelines of an FHA mortgage.

Gift Of Equity Conventional Loan Guidelines

Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.

Mortgage Insurance: What Exactly Is It And How Does It Help Borrowers?

In the mortgage and real estate world, most people discuss interest rates, payment terms, and sales price. Without a doubt, those are all extremely important topics to consider. However, the topic of mortgage insurance gets less attention even though it can play a major role in deciding what loan to use for a purchase or refinance. The following article will explain how mortgage insurance works and why it can be a benefit to borrowers.

Benefits and Disadvantages of A Reverse Mortgage

The reverse mortgage is a relatively new loan product, compared to conventional loans and FHA loans that have been around for many decades. Since it is so different from a normal mortgage, it went through a few changes to reach its current incarnation. This article hopes to explain the pros and cons of a reverse mortgage and help people make a wise decision for their needs.

Wisconsin FHA Mortgage Requirements and Guidelines

After the financial problems of the Great Depression, the federal government created the Federal Housing Authority and approved lenders to offer the FHA loan. This single action by the government created one of the most popular types of mortgages that is still used today. Listed below are guidelines and basic information about the Wisconsin FHA loan and how it helps potential home buyers.

FHA Streamline Refinance Guidelines

The Federal Housing Authority (FHA) does more than offer ways for people to buy a home. They have another program designed to allow homeowners to get a lower interest rate, and hopefully a lower payment, without going through all the normal work associated with a refinance. The program is called the FHA Streamline Refinance and it can be a real boost to many homeowners all across the country.

VA Streamline Refinance Guidelines

The VA home loan is one of the best ways for a qualifying veteran, service member or surviving spouse of a service member to purchase a home. The fact that they can buy a home without a down payment is great alone, but when you combine the other benefits such as low interest rates and no private mortgage insurance charges, this is a great mortgage for our veterans. To make this program flexible, there is a refinance option that can be completed without an appraisal.

HARP Replacement - High Loan To Value Refinance

Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. That plan ended on December 31, 2018, and was replaced with new High loan to value refinance options.

FHA 203k Loan: Pros and Cons

FHA has a special type of loan called the FHA 203k Loan. This mortgage gives potential buyers an opportunity to purchase a property and also get funds to repair or even remodel a home. With other types of financing, the buyer would need to get two separate loans; one for the purchase of the home and the second loan for the remodel. The two-loan method can be more costly and complicated. Thankfully, the FHA 203k loan makes it much easier.

FHA 203k Requirements

The FHA 203k is a sister product to the FHA loan. While the FHA loan is used to purchase or refinance a home, the FHA 203k loan is used to buy an existing property and also make repairs, improvements or remodeling to the home. This loan basically allows the home buyer to borrow more money than the asking price and use the extra funds for the work on the home.