Rockford IL First Time Homebuyer Program - 02/25/09 06:22 PM
The ADDI Program provides six percent (6%) of the purchase price to be used as downpayment and/or closing cost assistance. The funding is provided as a five (5) year forgivable mortgage loan.  As long as the loan terms are met, no payments are required.
• Applicant must be a first-time homebuyer i.e. an individual and his or her spouse who have not owned a home during the three-year period prior to the purchase of a home with ADDI assistance.
Exceptions made for "displaced homemakers" as defined by the Department of Housing and Urban Development (HUD). The property must become the principal … (0 comments)

 
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Maria Haun ABR, CNE

Rockford, IL

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