FHA mortgage loans in Wisconsin.

FHA Mortgage Loan Program

Under today's guidelines, the FHA program does require a minimum down payment of 3.5%. Here are a couple of ways to come up with that 3.5% down:

You can use your 401k retirement funds for the down payment. Here is more information about using your 401k funds for the down payment on a home: http://www.homeloanwisconsin.com/401kforDownpayment
You are allowed to have the down payment money gifted to you from a family member or a close friend. Since you will be receiving up to $8000 as a tax credit, you can use that money to pay back that family member or close friend. Not a bad idea!

I have seen many of my past client's use one of the two ways above to help achieve the down payment for their new home.

If you need plan on saving for a downpayment, then this link will take you to tips on a downpayment:

http://www.genuinemortgagelending.com/YourDownPayment

Make sure you get yourself pre-approved for a mortgage loan before you go looking at homes. Real estate agents know sellers are looking for serious buyer. Since the credit score minimums have increased for an approval, they want to see you have a pre-approval letter.

I have an online application that is very secure with your information and very easy to use. It comes directly to me and your information is never sold. I can issue you a pre-approval letter in as little as 24 hours!

Here is the direct link to the online application:

https://hartlandmortgagecentersinc.mortgagexsites.com/iFrame.aspx?FileName=LoanApplicationPop.x&ReferrerGUID=14d16dab-7342-4412-b39d-57feebf146bf&language=English&UID=yo4vgo45j0yikfj1kmhsqj45

If you are not comfortable with an online application, that's ok! Feel free to call me at the office directly, (262) 923-2261, and we can go over the application and questions on the phone.