hey folks this is David here with badgerlandhomeloans. comwhere we offer lower rates and fast servicefrom a local Wisconsin FHA lender you can trust today I wanted to talk with you alittle bit about Wisconsin FHAloans and Wisconsin FHA loan ratesI'm now if you're already familiar with these these FHA programsand you're just looking for a fast aI'll a fast mortgage rate or are a rate quote or you just don't wanna find out alittle moreabout a in a specific questions and these FHA loansjust a head over to our website you can just click this video screenout there should be a little box where you can click and as if right over toour websiteand the right side of the page you'll see there's a quick quote formand just fill out those couple fields and I will get back to you right awaywith whatever information you need and to talk more about the loan process withyounow what areFHA loans FHA loans are loans insured by the Federal Housing Authorityabove the United States the FHA program began in the mid 1930sduring the peak of the Great Depressionduring the Great Depression home foreclosures in the United Statesskyrocketedand the number of defaults went through the wall through the roughas well the FHA loans were designed to back mortgage lenders with a substantialamount of insuranceto make lending less risky for them the FHA mortgage program has seensignificant change since the thirties when it was derivednow in situations where Wisconsin resident cannot afford the amount neededfor a down payment on a homeor cannot afford to pay PMI which is private mortgage insuranceoftentimes F H a subsidies can make the home purchase passablenow the US Department of Housing mortgage lendersmuster must approvethe loan in other words in other words you mustyou must a reach certain eligibility eligibility requirements on in order toqualify for an FHA loannow by lowering loan cost the FHA programs can mean substantial savingsfor low to mid incomefirst-time homebuyers and families looking to refinanceso these loan types is FHA loans are limited to a new home purchasesthere's a there's re reef I programs as wellWisconsin F Ha loan types there's the fixed rate FHA loansadjustable-rate FHA loans energy-efficient FHA mortgagesgraduated payment FHA mortgagesFHA loans for condominium units and is also the growing equity mortgage actionsnowjust to quickly go over the Wisconsin FHa lone LG eligibility requirements after one you must agree to pay PMIprivate mortgage insurance to you mustmeet set debt to income ratios and three must have a decent credit ratingI'm now these are the the eligibility orrequirements right now these do chainsawI would I would ask you to contact us forfor any updates and these requirements how to applyget a fast rate quote from a local Wisconsin at Ha lender you can trust just click the screenusurp read over your website bajillion home loans that canfill out the quick quote form on the right and submit thatand we'll get right back to you we can get the ball rolling and your FHA loanalright thanks very much for watching and have a great day
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