Rural Development
Illinois Guaranteed Rural Housing 

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Illinois leads the nation in 100% Guaranteed lending for the third consecutive year!
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

 

 

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Hot Items

Income/Property Eligibility

Guarantee Fee is  now 2%

National Lenders

Illinois Lenders

FHA Roster Appraisers

Newsletter Archive

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

Decoding the New URAR

Contact an Approved IL Lender

RD Flyer


Lenders

Decoding the New URAR

GRH Lender Handbook

Income Limits

Property Eligibility Site

RD Flyer

Regulations

 

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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 May, 2008