FHA Mortgage Loans in Chicago: First Time Home Buyer No Money Down

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 9, 2008 -- Chicago FHA loans have returned to the lending market as a smart option for home financing for first time home buyers and those with less than perfect credit. FHA loans are insured through a combination of a small upfront mortgage insurance premium (UFMIP), as well as a small monthly mortgage insurance premium.

FHA loans are not just for first time buyers and are available to everyone looking to purchase or refinance a home.

Chicago FHA loans are available to $410,000 for a limited time.

FHA is on the verge of moving to a risk-based pricing system that, for the first time, will use credit scores and require higher mortgage premiums from those whom it believes pose a higher risk of default. The changes will not impact most borrowers and will actually require lower premiums for good credit and low loan to value loans.

View the new premiums here:
http://www.madisonmortgageguys.com/announcements/FHA_mortgage_insurance_premiums/updates/index.htm

For more information on Chicago, Illinois FHA refinance, FHA cash out refinance and FHA purchase loans please visit our site at http://www.madisonmortgageguys.com.

Also view our other Government Loans including VA and Rural Housing: http://www.madisonmortgageguys.com/government_loans/index.htm

Your Chicago, Illinois Mortgage Broker:

Dennis Hardy
Toll Free: (877) 240-5810 x104

dennis.hardy@madisonmortgageguys.com
www.MadisonMortgageGuys.com

www.madisonmortgageloans.com

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

FHA loan limit announcement: http://www.madisonmortgageguys.com/announcements/FHA_loan_limits.htm

Our Chicago page: http://www.madisonmortgageguys.com/communities/illinois_mortgage/chicago_mortgage/index.htm

Chicago FHA mortgage loans, Chicago first time home buyers, Chicago no money down mortgage loans, Chicago 100% financing

Major Illinois communities Inlanta Mortgage services:

Chicago | Aurora | Waukegan | Rockford | Naperville | Joliet | Cicero | Peoria | Elgin | Schaumburg | Arlington Heights | Northbrook | Mount Prospect | Glenview | Normal | Buffalo Grove | Evanston | Wheaton

More information can be found online at http://www.MadisonMortgageguys.com

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