Rural Development
Illinois Guaranteed Rural Housing 

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Illinois  Guaranteed Rural Housing
Shatters Previous Record Years!

5,796 Loans = $522,679,121 Invested in Rural Illinois

A special “Thank You” goes out to the 219 lenders that participated in the Guaranteed Rural Housing Program and helped us shatter all previous records made in Illinois . The program had a 63% increase in volume over the previous Fiscal Year. Without the support and dedication from our lenders, this would not be possible.

Thank YOU for choosing 100% GUARANTEED RURAL HOUSING financing First! We look forward to another successful year in 2010!


 FY 2009 Million $ Lenders

AMCORE Bank
American Bank& Trust Company
American Southwest Mortgage Corporation
Apple River State  Bank
Associated Bank
Bank& Trust Company
Bank of America
Bank of Edwardsville
Bank of Pontiac
Bank of Rantoul
Banterra Bank
Bradford National Bank
Brimfield Bank
Brown County State  Bank
Busey Bank
Byron Bank
Capaha Bank
Castle Bank NA
Central Bank Illinois
Centrue Bank
Cherry Creek Mortgage
Citizens Equity First Credit Union
Citizens First National Bank
Citizens National Bank of Paris
Citizens State Bank
Community Banc Mortgage CORP
Community State Bank
DeWitt Savings Bank
Draper & Kramer Mortgage Corporation
Farmers & Mechanics Bank
Farmers National Bank of Griggsville
Farmers State Bank - Pittsfield
Farmers State Bank of Fulton County
Fifth Third Mortgage Company
First Bank & Trust
First Bank Mortgage
First Bankers Trust Company
First Federal S&L of Shelbyville
First Federal Savings Bank - Ottawa
First Financial Bank, NA
First MID-Illinois Bank & Trust
First National Bank
First National Bank and Trust - Rochelle
First National Bank of Dietrich
First National Bank of Vandalia
First Neighbor Bank, NA
First Robinson Savings Bank
First State  Bank - Beecher City
First State  Bank - Mendota
First State  Bank of Monticello
Firstco Mortgage Corporation
Flagstar Bank
Freestar Bank
Grundy Bank
GSF Mortgage Corporation
Guaranteed Rate Inc.
Heartland Bank & Trust
Herget National Bank
Heritage Bank of Central Illinois
Homestar Bank
IberiaBank Mortgage Company
Illini Bank
Illinois National Bank
Jacksonville Savings Bank
JP Morgan Chase Bank, N.A.
Kent Bank
Longview State Bank
Marine Bank
Marine Bank & Trust
Mazon State Bank
Mercantile Bank
Metlife Bank, N.A.
MID America Mortgage Services of IL, Inc.
Midcountry Bank
Midland Stat Bank
Mortgage Services III, LLC
Murphy Wall State Bank & Trust Company
National Bank - Hillsboro
National City Mortgage
Old National Bank
Old Second Mortgage
Peoples Bank & Trust
Peoples National Bank
Peru Federal Savings Bank
Prairie State  Bank & Trust
Pulaski Bank
Regions Bank D/B/A Regions Mortgage
Sauk Valley Bank AND Trust Company
South Central Illinois  Mortgage
State Bank of Chrisman
State Bank of Lincoln
State Bank of Paw Paw
Sterling Federal Bank FSB
Stillman Banccorp NA
Taylor, Bean & Whitaker Mortgage Corporation
Teutopolis State  Bank
The Bank of Marion
The National Bank
Town & Country Banc Mortgage Services
Union Savings Bank
United Community Bank
US Bank
Valley Bank
Wells Fargo Bank N.A.
WinTrust Mortgage Corporation

 

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Hot Items
 

Income/Property Eligibility

Guarantee Fee is  now 2%

National Lenders

Illinois Lenders

FHA Roster Appraisers

Newsletters

Guaranteed Housing Program Income Limits

Useful Sites

Credit Score Estimator 

Fannie Mae Pricing Chart

IHDA

HUD

Partnership for Homeownership


Why Rural Development?

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.


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Grh

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

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Administrative Notices


Regulations

1980 D - Guaranteed Rural Housing Regulations

Approved Dealer Contractors

Illinois Approved Lenders

Nationally Approved Lenders

Illinois Income Limits


Servicing/Loss Claims/Property Disposition

Guaranteed Loan Servicing Flowchart

Lender Interactive Network Connection

Loss Claim Spreadsheet

Loss Claim Instructions

Loss Mitigation

Property Disposition Plan


Real Estate Agents

Agent Guide to RD Financing

2009 FHA Appraisal Webinar

Contact an Approved IL Lender

RD Flyer


Lenders

2009 FHA Appraisal Webinar

2009 GRH Lender Handbook

Income Limits

Property Eligibility Site

RD Flyer

Regulations

 


GUS

Interested in Signing Up for GUS

GUS Fact Sheet

Sign Up for Online Manditory Training

Establishing a GUS ID

Adding Users to GUS: Step by Step Instructions for System Administrators

 


Links

IHDA

Partnership for Home Ownership

FannieMae Pricing Chart

Federal Home Loan Bank of Chicago


For more information

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 December, 2009

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