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Wisconsin FHA loans and Illinois FHA home loans are not originated by HUD or FHA. FHA mortgages are not loans granted by the government, but are mortgage loans that are guaranteed by the Federal Government. The loans are insured by the Federal Housing Administration to help lenders reduce their risk while financing people with bad [...]

Question: What is it and why would I choose this product? Answer: A partial open prepay loan is a land loan product used often in a long term purchase. It has a graduated prepayment penalty usually within the first 5 years of a land loan. Within the first year, if any payment is done beyond [...]

Question: Why should I choose a fixed, long term rate over a short term variable rate on my Land loan? Answer: Very simply, complete security. The longer you can fix an interest rate on a land loan, the longer you can guarantee your payment. Within this crazy time in the land loan lending world, there [...]