FHA in Wisconsin  

Here's what you need to know!

FHA Lending has become a valuable tool for Wisconsin Residents. If you are considering buying it maybe your best option. With low down payments and forgiving credit guidelines it allows more people to achieve homeownership.  Buying a fixer upper?  FHA can help with the money to update and make needed repairs.

The need to lower interest rates and give consumers more disposable income has led to an opportunity for all homeowners to take advantage of historic low mortgage rates. 

Wisconsin FHA Loans: How they can be used to purchase Wisconsin Foreclosures

In today’s market Wisconsin Home Buyers have a high interest in bank owned properties. The rumor has it that these type of sales offer the best deals, but  is that true?

There are many factors that need to be taken into consideration to determine what the best option will be (i.e. amount of repairs needed, neighborhood comparison of properties being sold by individual owners vs. foreclosures, amount of upgrades that a property will need to have it’s condition be considered average for the area, etc….). The reason that Wisconsin Foreclosures are listed at such low prices is because usually the property needs an extensive amount of remodeling or repairs, but don’t let this steer you away.

 

If you intend to occupy the property that you are looking to purchase, there is a solution to help you finance a property that needs repairing or remodeling. With the  Wisconsin FHA 203k loan  you can borrow up to $35,000 to be used for repairs and remodeling of your new home ( restrictions apply). The FHA 203k loan will allow the appraiser to use the cost and  improvements being done to determine the after repairs value, by doing this you will be able to borrow against the properties value instead of the sale price.

 

The FHA rehab loan is practically the same as a standard FHA loan which requires a minimum down payment of 3.5% , has flexible credit requirements, and flexible downpayment sources (such as a gift from a family member). This mortgage program allows Wisconsin First Time Home Buyers to be able to purchase properties that otherwise would not be financable through standard FNMAE or FHA loans.

 

To learn more about FHA 203k loans

 CLICK HERE

 

First-Time Home Buyers DO NOT Miss out on $8000.* This is a limited time program. Call today for more details 877.838.8510

Customers first

Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your 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.

Get fast answers

At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.

Wow, mortgage rates hit an all-time low. Do not miss this opportunity.

  To get these once in a lifetime rates call NOW 877.838.8510

 

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