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2022-09-30 00:13:23

WisconsinMinnesotaFloridaIllinois 262.305.0680MenuHomeAbout UsAbout UsTestimonialsArticles and AnnouncementsTerms and ConditionsWebsite Privacy Policy CloseApply OnlineMortgage RatesCalculatorPayment CalculatorAmortization CalculatorAPR CalculatorInterest Only Payment Calculator CloseLoan ProgramsMost PopularFirst Time Home BuyerNo Money Down OptionsRefinanceConventional LoansConventional Loan ProgramsBuy Home For Elderly ParentsBuy Home For Your Disabled Adult ChildInvestment PropertiesHomeReady® MortgageHome Possible® MortgageLender Paid Mortgage InsuranceCombo LoansGovernment LoansNo Money Down OptionsUSDA Rural HousingUSDA Rural Housing RefinanceFHA PurchaseFHA Streamline RefinanceVA MortgageVA Refinance (Streamline/IRRRL)VA Refinance (Non-Streamline)State-Specific InformationWisconsin FHAWisconsin VAWisconsin USDAIllinois FHAIllinois VAIllinois USDAMinnesota FHAMinnesota VAMinnesota USDAFHA Loan FloridaVA Loan In FloridaUSDA Loan FloridaAdditional ProgramsBank Statement LoansJumbo LoansJumbo VA LoansLess than Perfect CreditInterest Only Loans CloseLoan ProcessBlogContact UsYour Local Mortgage Professionals!Complimentary Pre-qualification and consultationCurrent mortgage rates updated dailyDedicated to you and your family First Time Home BuyerHelping you achieve the dream of Home Ownership!Learn MoreFHA Mortgage Loan OptionsInformation on both FHA 203b and FHA 203k (rehab) loans.Learn MoreUSDA Rural Housing LoanLow-Risk Guaranteed Loans for affordable rural housing.Learn MoreQualify for VA Loans!NO down payment loans for qualified veterans & reservists.Learn MoreWhether you are a first time home buyer, a move-up buyer, or looking to refinance your current mortgage, we have you covered.We are a mortgage website with information about mortgage programs, mortgage rates, as well as real estate tips. Our blog posts are aimed at consumers looking for detailed information on these topics and to help guide you as you journey through the mortgage process.With 17 years of mortgage experience, we have been connecting consumers with a Loan Officer licensed in their state for many years.Government Loans: FHA, VA, and USDA Rural HousingThese Government programs are designed to enable people to buy a home with little or nothing as a down payment! If you are a first time home buyer, if you are looking to make a low or no down payment, or if you are a veteran, the government may be able to help you with a purchase or refinance!Check out these great mortgage programs:FHA Mortgage LoansThe Federal Housing Administration (FHA) is a government organization that oversees the rules and guidelines for their mortgages. FHA does not make loans but they approve lenders, like us, to make loans under the FHA approval. These loans are great for first time home buyers.The down payment is minimal and the credit requirements are more lenient compared to other types of loans. In addition, the down payment money can be a gift from a loved one, making it possible to buy a home with no out of pocket expense for the down payment.Along with the traditional purchase program, FHA also offers refinance options. Take a look below to learn more about the vatious options, plus some addtional state specific information:FHA Purchase – inforatmion and guidelines for an FHA purchase loanFHA Streamline Refinance – existing FHA mortgage can be refinanced with reduced paperwork and no appraisalWisconsin FHA– state-specific information for Wisconsin residents looking to buy a home using the FHA program.Illinois FHA– state-specific inforation for Illinois residents looking to buy a home using the FHA program.Minnesota FHA– state-specific information for Minnesota residents looking to purchase a home with an FHA loanFlorida FHA– state-specific information for Florida residents looking to purchase a home with an FHA mortgageFHA program informationVA Mortgage LoansThe Veterans Administration (VA) works similar to FHA. They do not offer mortgage loans but approve lenders to offer VA financing. People who have served in the military during wartime, peacetime, and even just in the reserves can be eligible for the VA mortgage.The VA program has a no money down feature, allowing the veteran to buy a home without saving as much money. The credit requirements can be more lenient as long as the other eligibility requirements are met.Besides veterans that have served in the military, it is also possible for the widows of veterans and the spouse and children of active-duty personnel to also qualify for the VA mortgage.Please Note: The VA mortgage program is available to eligible Veterans, Reserve and national guard members (called to active duty), active duty servicemembers, current Reserve and guard members (after six years of creditable service), and certain surviving spouses.VA Purchase – enjoy the privilege of no down payment loans for qualified veterans and reservistsVA IRRRL Streamline Refinance – allows current VA home loan customers to refinance to a lower rate with reduced paperworkVA Refinance (Non-Streamline) –  Veterans can refinance an existing loan up to the appraised valueJumbo VA Mortgage – designed to help purchase loans priced over $548,250Wisconsin VA – state-specific information for Minnesota residents looking to buy a home using the VA mortgage program.Minnesota VA – state-specific information for Minnesota residents looking to buy a home using the VA mortgage program.Illinois VA – state-specific information for Illinois residents looking to buy a home using the VA mortgage program.Florida VA – state-specific information for Florida citizens looking to buy a home using the VA mortgage program.VA program informationUSDA Rural Housing Mortgage LoansThe United States Department of Agriculture (USDA) is another government group that offers home loans. Unlike the FHA and VA offices, the USDA actually has a hand in providing the loans. The USDA will approve lenders to offer mortgages. However, all loan applications must be sent to the USDA for underwriting in order for the loan to be approved.The USDA Rural Housing Mortgage offers loans with no down payment requirement. In addition, the closing costs can be included with the loan as long as the total amount borrowed does not exceed the appraised value of the property. The USDA loan can be used for a purchase or a refinance. Refinances also allow loans up to the appraised value.Please Note: For all USDA mortgage loans, property and income restrictions apply.USDA Purchase – you don’t have to live out in the country to qualify for a USDA Rural Housing loanUSDA Refinance – USDA to USDA only refinance programWisconsin Rural Development – state-specific information for Wisconsin residents looking to buy a home using the USDA mortgage program.Illinois Rural Development – state-specific information for Illinois residents looking to buy a home using the USDA mortgage program.Minnesota Rural Development – state-specific information for Minnesota residents looking to buy a home using the USDA program.Florida USDA Rural Development – state-specific information for Florida residents looking to buy a home using the USDA mortgage program.USDA Rural Housing program informationConventional Loans and GuidelinesWe also offer conventional loans! For people with strong credit history, stable employment, and a small down payment this loan is a perfect fit.In addition to a conventional loan used to purchase a home we also have the following programs available:How To Buy A Home For Your Elderly Parents or Disabled Adult Child – guidelines that allow people to buy a home for their elderly parents or disabled adult child as an owner-occupied propertyInvestment Properties – basic rules for buying an investment propertyFannie Mae HomeReady® Mortgage – low down payment conventional purchase loanFreddie Mac Home Possible – loans aimed at people with lower incomes; lower mortgage insurance and down payment requirementsLender Paid Mortgage Insurance – for a nominal fee the lender can pay the Mortgage Insurance on your behalfConventional program informationRefinanceCash-out, debt consolidation, or lower your existing rateIf you currently own a home and find yourself in need of refinancing we have a program to fit your needs. All of the government programs mentioned above, along with conventional loans, offer some type of refinance option. If you simply want to lower your interest rate in order to save money on your mortgage payback you can choose from a wide range of loans.If you need to use the equity in your home to pay off other debt then a consolidation loan is a good choice.Refinance Options – there are a variety of reasons to refinance – Let us help you with your goals!Refinance program informationContact us or Apply Online today for a complete purchase or refinance assessment.Recent Blog Posts What is Earnest Money?If you don't know much about earnest money, it could end up costing you. We look at the things you need to know about earnest money when buying a home. Open House vs Private Showing: Which Is Better for a Home SellerThe reality of an open house might not be what you imagine. Not only is the chance of selling your home smaller than you might expect, but opening your home to strangers could end up being a very bad decision. 18 Red Flags To Watch Out For When Looking At HomesMost people wish to be diligent when they are buying a product so they can avoid a scam. This is even more true when looking to purchase a home since the investment in a home is such a large commitment. Watch out for these 18 red flags when house hunting! 20 Things to Do After Closing on a HouseWhen you close on your new home and finally get the keys, it's time to celebrate. You might have just secured your dream home after a difficult and stressful home buying process, so it's time to relax, right? Wrong! Learn what needs to be done after closing on your new house. How to Choose a Real Estate Agent When Buying and Selling in Different StatesHow to find the right real estate agent when you buy a home in one state and sell in another. Great questions to ask to make sure the transaction goes smooth!Loan ProgramsFeatured ProgramsFirst Time Home BuyerNo Money Down OptionsGovernment LoansFHA PurchaseFHA Streamline RefinanceUSDA Rural Housing MortgageUSDA Rural Housing RefinanceVA PurchaseVA Streamline RefinanceVA Refinance (Non-Steamline)Conventional LoansFannie Mae HomeReady®Freddie Mac Home Possible®Investment PropertiesLender Paid Mortgage InsuranceCombo LoansMiscellaneousBank Statement LoansJumbo LoansJumbo VA LoansLess than Perfect CreditInterest Only LoansRefinance SpecificRefinance OptionsState-Specific Loan InformationWisconsin FHAWisconsin VAWisconsin USDA Rural DevelopmentIllinois FHAIllinois VAIllinois USDA Rural DevelopmentMinnesota FHAMinnesota VAMinnesota Rural DevelopmentFlorida FHAFlorida VAFlorida USDAJohn WickNMLS ID#: 248499With many years of experience in the mortgage banking industry and extensive practice in originating home loans for both...Read More →Michael BensonNMLS ID#: 285794I have been in the Mortgage loan lending business for over 18 years, as a Loan Officer and a broker. I have worked with ...Read More →Pete HorvathNMLS ID#: 181407Backed by over 25 years of combined experience my team and I have a wealth of knowledge when it comes to originating hom...Read More →Guide to buying a homeGuide to buying a rental propertyGuide to refinancing a mortgageTrendingFHA Loan vs Conventional Mortgage: What’s The DifferenceFHA Minimum Property Requirements and StandardsWhat is Earnest Money?How To Convert Your Primary Residence To A Rental PropertyWhat is a Mortgage Pre-Approval Vs Pre-Qualification?Non-Occupying Co-Borrower Guidelines: FHA and Freddie Mac EditionHomebuyer’s Guide to Debt-To-Income (DTI) Ratio: How To CalculateVA Minimum Property RequirementsWhat NOT To Do Before Closing On A House20 Things to Do After Closing on a HouseVA Second-Tier Entitlement – A Comprehensive Guide4 Reasons Why You Never Buy the Best House in the NeighborhoodInsane but True Facts About the USDA Mortgage18 Tips for First Time Home BuyersReal Estate Scams to Avoid18 Red Flags To Watch Out For When Looking At HomesTo Escrow or Not to Escrow, That is The Question . . .Gift of Equity Conventional LoanThings Newlyweds Need for Their House9 Steps To Prepare Your Home For an AppraisalToll Free: Coming SoonPhone: 262-305-0680We are committed to providing our customers with exceptional customer service. By providing our clients with sound, professional advice as to the many different loan programs and options available, we hope to take some of the mystery out of mortgage financing. CommunitiesWisconsinMinnesotaIllinoisFlorida ResourcesLoan ProcessTestimonialsCalculatorArticles & AnnouncementsBBB Accredited BusinessEqual Housing OpportunityCustomer TestimonialsRecent PostsWhat is Earnest Money?Open House vs Private Showing: Which Is Better for a Home Seller18 Red Flags To Watch Out For When Looking At Homes20 Things to Do After Closing on a HouseHow to Choose a Real Estate Agent When Buying and Selling in Different States This information is provided for educational purposes only. Programs, terms, and conditions are subject to change without notice.MadisonMortgageGuys.com is not acting on behalf of or at the discretion of the Federal Housing Administration, the US Department of Agriculture, the Department of Veteran Affairs, or the Federal Government.If you have any questions, please contact us directly or fill out an online form on our website. We are here to help! Our privacy policy can be viewed from the menu above Copyright © 2022 NRL Mortgage | Equal Housing Lender | Nations Reliable Lending, LLC | All rights reserved. 4400 Post Oak Parkway, Suite 1000 Houston, TX 77027 | 713 275-1300 | NMLS ID 181407. Licensing | Terms of Use | Privacy Policy | NMLS Consumer Access | FeedbackNRL Mortgage is licensed in Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, and Wyoming!