USDA Loans Waukegan, Illinois

The Waukegan USDA Home loan is a great choice for borrowers looking to buy a home with NO MONEY DOWN.  When home buyers hear USDA rural they often think of farms or underdeveloped areas.  In most cases you can find USDA eligible properties just outside of major cities.  USDA is creating loans all across the country, including suburban towns that are anything but rural. In fact, in some states like Illinois, the vast majority of the state is eligible for USDA loans. Find out if a property in Waukegan, IL is USDA home eligible by calling 888-767-0554. USDA home loan experts are standing by and ready to help.  Connect with a licensed Illinois USDA specialist, ask questions, see what cities qualify, and get free quotes.

Finding the Perfect Home Loan

Thousands of consumers in Waukegan, IL are ready for home ownership.  Securing the right home loan doesn’t have to be hard, we have solutions for less than perfect credit and even those with little savings or down payment. To help Waukegan home buyers overcome challenges we offer more programs and the extra benefit of wholesale rates.  We simplify the home buying and refinancing challenges presented by 2024 Waukegan, IL mortgage guidelines. At USDA RuralMortgage.com, our mission is to get you approved for a Waukegan, IL USDA mortgage and into your home with payments you can afford. Even if you think you won’t qualify, our highly trained specialists will work with you closely on an individual basis to:

  • Review your finances to find a payment you can afford.
  • Improve your credit score if needed to qualify.
  • Obtain pre-approval to shop for a USDA Eligible Home.
  • Secure a loan and purchase your new home!

Working around Credit Issues with Top Rated Specialists

The USDA Rural Mortgage team is celebrating its 27th year in business.  Our experience allows for consumer mortgage confidence especially with Waukegan, IL first time home buyers.  We navigate consumers through the mortgage process,  explain options and find what choice works best for you. We specialize in more than just USDA rural mortgage loans.  Check out consumer home buyer GRANT options, FHA loans and our Bad credit home loan options.

Get on the Path to Home Ownership. We got your Back!
Buy a Home with No Money Down
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    Once this form is completed you will have the option to start your USDA mortgage application.

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    Waukegan, IL USDA Benefits

    • No down payment required
    • Low 30 year fixed rate
    • 102% financing (100% plus the guarantee fee that can be financed or paid for by the seller)
    • Can finance closing costs if appraisal above sales price
    • Competitive rates (as set by the underwriting lenders)
    • Minimal mortgage insurance required
    • No cash contribution required from borrower
    • Gift Funds Allowed
    • No maximum loan amount (although there are family income limits)
    • No reserves required
    • Streamlined credit approval for scores above 640
    • Can refinance an existing USDA loan to get a better interest rate if available

    Find your Waukegan, IL USDA Home Loan 888-767-0554.

    Waukegan /wɔːˈkiːɡən/ is the largest city in and the county seat of Lake County, Illinois, United States.[7] It is an industrial suburb of the City of Chicago, located 35 miles north of the Loop and 10 miles south of the Wisconsin state border, approximately halfway between Chicago and Milwaukee. As of the 2013 United States Census estimate, the city had a population of 88,826,[3] which makes it the ninth most populous city in Illinois. Waukegan is a predominately working-class community with a sizeable middle-class population.

    The site of present-day Waukegan was recorded as Rivière du Vieux Fort (“Old Fort River”) and Wakaygagh on a 1778 map by Thomas Hutchins. By the 1820s, the French name had become “Small Fort River” in English, and the settlement was known as “Little Fort”. The name “Waukegance” and then “Waukegan” (meaning “little fort”; cf. Potawatomi wakaigin “fort” or “fortress”) was created by John H. Kinzie and Solomon Juneau, and the new name was adopted on March 31, 1849.[8][9]

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