Tolono, IL FHA Home Loans
FHA home loans continue to be a popular mortgage choice for Tolono home buyers and those looking to refinance. In fact the FHA has been helping people own homes in cities like Tolono since 1934. Simplified 2025 guidelines include easier qualifications with low down payments. Even better Tolono consumers can keep their down payment in the bank with the help of the Tolono FHA home buyer grant. Credit scores will play a major factor in determining if and what FHA program will be available to you. Tolono FHA quotes are always free, get started by calling (888)416-0920. FHA experts are standing by near Tolono, IL and ready to help. Connect with a licensed home FHA specialist, ask questions and find out if you qualify.
- 560 FICO – 10% Down
- 580 FICO – 3.5% Down – Call to Check Grant Eligibility
- 620 FICO – Eligible for Forgivable Grant for Down Payment or 3.5% Down.
- Gift funds can be used on FHA transactions if needed.
Mortgage Brokers offer Lower FHA Rates and Costs
When it comes to Tolono, IL FHA loans, Mortgage Brokers have more options. Regardless of what a consumer thinks, Tolono Mortgage Brokers offer a wholesale rate and lower costs. Going directly to the bank or a mortgage lender is not a better option. If you are in doubt, it is always a good idea to get a couple of quotes and compare them. If you still don’t understand the difference between Tolono FHA wholesale and retail mortgage rates call (888)416-0920. A Tolono, IL Mortgage Broker will be able to offer you more programs. Banks and Lenders have set mortgage guidelines including set credit score limits. Mortgage Brokers in Tolono can work with all types of credit scores.
Working with Top Rated FHA Specialists
The Tolono FHA Mortgage team is celebrating its 28th year in business. Our experience allows for consumer mortgage confidence especially with our FHA wholesale rate option. We navigate consumers through the mortgage process, explain options and find what choice works best for you. We specialize in more than just refinancing mortgage loans. Check out consumer first time homebuyer programs, USDA home loans, VA home loans and our customer reviews.
Get on the Path to Refinancing. We got your Back!
FHA Home Loan in Tolono, IL
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FHA Benefits in Tolono, IL
- Lower Rates
- Lower Payments
- Fixed Payments
- Easier Qualifications
- FHA Grants for Down Payment
- Gift Funds Allowed
Find your FHA Mortgage near Tolono, IL (888)416-0920.
Tolono is a village in Tolono Township, Champaign County, Illinois, United States. The population was 3,447 at the 2010 census. Its name was fabricated by J.B. Calhoun, land commission of the Illinois Central Railroad, who wrote about it simply: “[I] placed the vowel o three times, thus o-o-o, and filling in with the consonants t-l-n.”[3][4]
Tolono is located at 39°59′10″N 88°15′35″W / 39.98611°N 88.25972°W / 39.98611; -88.25972 (39.986046, -88.259727).[5]
According to the history of Champaign County: A surveyor for the Illinois Central who was looking for a division headquarters, surveyed the Tolono area and wrote on a map ‘too low, No.’ and that became the name of the town established there.
Tolono as one time had two or three companies making tile used to drain the land around the town, resulting in swamps on the east side of the town both on the north and south side of the Wabash Railroad.