Illinois leads the nation in
100% Guaranteed lending for the third!
3,132 Guaranteed loans = $247,459,286 Invested in rural
Illinois!
Our hat is off to the 207 lenders who partnered with USDA Rural
Development to help Illinois become #1! Without your support and
dedication we could not have such a highly successful program.
Thank you for your hard work and for continuing to CHOOSE 100%
GUARANTEED FINANCING FIRST!
Thank you for making
Illinois #1, and we look forward to serving you in FY08!
Congratulations
to our 2007 Million $ Lenders
|
Amcore Bank N.A. |
Homestar Bank |
|
American Mortgage Lending, Inc. |
Illinois National Bank |
|
ASAP Mortgage, Inc. |
Jacksonville Savings Bank |
|
Bank & Trust Company - Litchfield |
JP Morgan Chase Bank, N.A. |
|
Bank of Edwardsville |
Litchfield National Bank |
|
Bank of Rantoul |
Mainsource Bank of Illinois |
|
Banterra Bank |
Marine Bank - Springfield |
|
Bradford National Bank |
Marine Bank & Trust |
|
Brimfield Bank |
Mazon State Bank |
|
Busey Bank |
Mid America Mortgage Services of IL |
|
Casey State Bank |
Midland States Bank |
|
Castle Bank |
Moneywork$ |
|
Central Bank Illinois |
Mortgage One Services |
|
Centrue Bank |
Mortgage Makers |
|
Cherry Creek Mortgage |
Mortgage Services III, LLC |
|
Citizens Equity First Credit Union |
Murphy Wall State Bank & Trust |
|
Community State Bank - Rockfalls |
National Bank – Hillsboro |
|
Countrywide Home Loans, Inc. |
National City Mortgage |
|
Draper & Kramer Mortgage Corp. |
Peoples Bank & Trust - Pana |
|
Eagle Mortgage Brokerage, Inc. |
Peoples National Bank – Mt.Vernon |
|
Farmers & Merchants State Bank |
Premier Mortgage Funding, Inc. |
|
Farmers National Bank - Prophetstown |
Pulaski Mortgage Co. |
|
Farmers State Bank – Marion |
Regions Bank |
|
Farmers State Bank – Pittsfield |
Scott State Bank |
|
Farmers State Bank of Fulton County |
South Central Illinois Mortgage |
|
First Advantage Mortgage, LLC |
State Bank of Chrisman |
|
First Bank Mortgage |
State Bank of Lincoln |
|
First Bankers Trust Co. |
Sterling Federal FSB |
|
First Federal Savings Bank - Ottawa |
Stillman Banccorp, NA |
|
First Financial Bank, NA |
Taylor, Bean & Whitaker |
|
First Mid-Illinois Bank & Trust |
Teutopolis State Bank |
|
First National Bank & Trust – Rochelle |
The Bank – Charleston |
|
First National Bank - Vandalia |
The Bank of Marion |
|
First Co Mortgage Corp. |
Wells Fargo |
|
Global State Mortgage |
Wykoff Mortgage Services |
|
Grundy Bank |
|
Guarantee Fee is now 2%
Newsletter
Archive
Guaranteed Housing Program Income Limits
Useful Sites
100% Financing
No Monthly Mortgage Insurance.
Flexible Credit Standards
Expanded Qualifying Ratios
Competitive fixed interest rates.
No Maximum Purchase Price.
Generous Income Limits
Guaranteed Rural Housing Loans are available to assist eligible households
with incomes that do not exceed 115% of
median income for the area. The
program provides up to 100% financing for moderate-income applicants. This
eliminates the need for down payment and private mortgage insurance.
Customers receive competitive 30-year loans with fixed interest rates. They
work with local community lenders, using conventional lender's grh and
receive quick service.
Agreement for Participation in SFH Guaranteed/Insured Loan Programs of the US
Gov.
Form 1980-16
Guaranteed Loan Closing Report
Form 1980-19
Guaranteed Rural Housing Lender Record Change
Form 1980-11
Lender Checklist
1980 DA ExF
Request for Reservation of Funds fillable
Form 1980-86
Request for SFH Loan Guarantee
fillable
Form1980-21
1980 D - Guaranteed Rural Housing Regulations
Guaranteed Loan Servicing Flowchart
Lender Interactive Network Connection
Partnership for Home Ownership
Federal Home Loan Bank of Chicago
Contact your local Illinois Rural Development office
To request information about becoming an approved lender, contact:
Lindsey Rademacher
Illinois RD State Office
2118 W. Park Court, Suite A
Champaign, IL 61821
217-403-6216
Lindsey.Rademacherr@il.usda.gov
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Revised
May, 2008