“New Government Home Loan Program Helps Milwaukee Area Residents Buy Lovely Homes For Zero Down Payment”

By Andrea Dawson
This article appeared in the Journal-Sentinel's "Real Estate And More"

A new government home loan program may make home-buying in Greater Milwaukee easier than ever before. It is available in Milwaukee, Waukesha, and Racine counties.

If you’ve always wanted to own your home but never had money for the down payment, you may now qualify for a special zero down-payment home loan program with a low interest rate. Plus, a special line of credit provides cash for closing costs or future improvements and repairs.

The program features:

1. Less than $350 down payment (includes all closing costs)
2. Low fixed rate under 6.1% (as of 1-17-07)
3. A $10,000 line of credit to cover closing costs or future repairs
4. All closing costs can be paid by seller or rolled into loan

Doug and Denise Barba recently bought a home in Milwaukee with this program and recommend it to others: “We’ve rented our entire lives and dreamed of buying a home in a better neighborhood,” says Doug.

“We needed a home loan to allow us to buy with no down-payment and no out-of-pocket closing costs. But several lenders told us there were no programs that could give us a special deal as first-time homebuyers. They quoted us rates from 8.5% to 10% plus out-of-pocket costs at closing.”

Then Doug and Denise saw an article about a homebuyer’s class by local real estate expert Greg Schliesmann and received a CD and book from the class. “A friend happened to recommend his company, Mortgage Solutions, at the same time we found Greg’s class. Our experience with him was completely different. He said he could approve us for a special government loan and help us step-by step. He got us the loan and helped us buy our home in June. Our interest rate is 6.45% and fixed for 30 years. We paid no money out-of-pocket and even received a check back for $98.00 at closing! Plus, Greg gave us a line-of-credit just in case future repairs we may need. We’re so happy with this program and Greg’s service and recommend it to everyone!”

You may be able to purchase more home than you thought. There are also ways to cover your closing costs without any cash out-of-pocket and also utilize “forgivable loan” funds to reduce your costs.

A free, 24-hour Consumer Awareness Hotline is now available to help families and singles buy lovely homes in Greater Milwaukee for zero down payment.

You can now apply for a free, no-obligation pre-approval and consultation for this program. Just click below:

Click Here for Free Pre-Approval

Or call 1-800-677-9627 ext. 4117