Ameristar Mortgage


		Ameristar Mortgage Corporation Mortgage Lender

	Own your own home! We can help.
	RALPH LEACH Mortgage Loan Officer RLeach@AmeristarMortgageOnline.com

Wisconsin Low and No Down Payment Government Loans

FHA Home Loans
An FHA is a Federal Guaranteed loan. It allows you to buy a home with as little as a 3% down payment, instead of the higher down payment percentage required to secure many conventional loans. Taking advantage of the FHA loan program is a great way for First Time buyers, or anyone with a shortage of down payment funds to buy a home. The 3% down payment requirement can be gifted to you, or if you qualify, a grant program may be used for the down payment.

WHEDA Loans
Wisconsin Housing and Economic Development Authority (WHEDA) serves Wisconsin Communities by providing creative financing resources for first time home buyers. WHEDA offers Zero Down Payment, and also a minimum 3% down payment Home loan programs. All of the loan programs interest rates are below market rates. For more information go to www.wheda.com.

Federal VA Home Loans
VA (Veteran's Affairs ) home loan are for active and discharged military personnel that are interested in purchasing a home. Almost every veteran is eligible for VA home loans. These loans are generally the best choice for veterans as the veteran is able to purchase a home with no down payment, and is able to receive a competitive interest rate. Also, there is no Private Mortgage Insurance required as there is with other loans with less than a 20% down payment.

Rural Housing Home Loans
Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Applicants for this type of loan may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories.