Are you a first time home buyer?  Are you looking to purchase a home in the City of DeKalb, Illinois?  If you answered yes, then the City of DeKalb may have a program for you.

This program offers down payment assistance for first time home buyers.

A few goals of the program are to;

• Give families and individuals who do not have sufficient resources for a down payment but have the income to qualify for a mortgage an opportunity to purchase their first home.
• Give families and individuals who are not home owners, an opportunity to realize the American dream.
• Give individuals with special needs an opportunity to realize home ownership.
• Allow first time home buyers an opportunity to take advantage of favorable interest rates.
• Assist in providing home ownership to families and individuals, a key ingredient in their financial security.

The program will grant funds of 2% of the purchase price of a home to qualified first time home buyers.

A first time home buyer is classified as an individual or family who has not owned a home during the preceding three year period.  Also, any individual who is a displaced homemaker or a single parent if, while married, the individual owned a home with his or her spouse.

Please email me if you have any questions on qualifying for this program.  I can be reached at Tino.Muratore@gmail.com.

I also have access to information on a number of different first time home buyer programs and grants available across Illinois.

Thank you!