down payment assistance: Buy a Home in Schaumburg with low Down Payment or none at all! - 01/19/18 12:26 PM
Is this for real? Can this stuff really happen your asking yourself?

I'm here to say YES .... it just takes a little investigative work, credit knowledge & how you've paid your bills in the past.

Well, I've had a few credit bumps in the highway of life Lyn. Can I still get help?

I'm here to say YES ... but it matters what kind of 'bump' it is. It might be that you just find out what is now required to purchase a home based on your current credit score. Different 'bumps' are not treated equally.

Every … (7 comments)

down payment assistance: Purchasing a Schaumburg Home & Need Down Payment help? - 05/14/17 01:55 PM
The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? With @HomeIllinois, the buyer contribution is $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your first home.

How's it work?

@HomeIllinois is a 30-year fixed rate mortgage with a variety of options to choose from. The options you choose will determine the interest rate for your loan. Options include:

$5,000 down payment or closing cost … (2 comments)

down payment assistance: Buyers don't want free money? - 02/27/17 07:55 AM
Hey, Buyers don't want free money!

Lately, I have been working with a loan officer that has been having some great luck with buyer down payment assistance money.  He is offering a few programs that others are not & that kind of money just doesn't come around all that often.

So .... don't you think that buyers WANT this info?  I'm saying, they're saying 'MEH'.  Let's throw in some shoulder shrugs to boot here.

So at open houses when I suggest they take 3 sheets stating the program benefits & the criteria (yes, the fine print so to … (6 comments)

down payment assistance: Schaumburg Down Payment Assistance for Buyers - 11/21/16 06:21 AM
Schaumburg Home Buyers Attention!

Need Down Payment Assistance?

There is a down payment assistance program offered thru Cook County that may fit your needs! This is great news for home buyers that need help.

If you live in or plan to purchase in Cook County and qualify for an FHA, VA, USDA, or Freddie Mac first mortgage loan, and can’t afford the down payment or closing costs, there may be a down payment assistance program that can help.
Qualified buyers who meet income and credit score requirements may be able to receive a grant for up to 5% of the … (2 comments)

down payment assistance: Turning the IMpossible into the Possible via HomeReady Loans - 11/12/16 04:52 AM
Looking for the lowest Down Payment? Gene Mundt provides a new program that has flexible guidelines to help you get into that home with just 3% down. Besides offering a great loan option, you want to choose a lender that can close the deal!
Give Gene Mundt a call to discuss your loan options & if you are thinking of buying near the Schaumburg IL Area, please give me a call.
 
Turning the IMpossible into the Possible
via HomeReady Loans
 
    Today's home financing is all about having options available to you as a Borrower.  The wider the selection … (1 comments)

down payment assistance: You don't need a 20% downpayment .... - 08/25/16 04:36 AM
For many first-time buyers, saving for a down payment is the most difficult step in the home-buying process. However, it's a common misconception that you need 20 percent down to buy a home.

Actually, lenders across the country offer mortgage products with very affordable down payments — some as low as 3 percent.

Owning a home has always been a key component of the American Dream; in fact, many surveys show that 65 percent of Millennials agree that homeownership and the American Dream go hand-in-hand. Home ownership also comes with several benefits like building equity, receiving annual tax deductions … (6 comments)

down payment assistance: Need Help with a Down Payment? - 03/22/12 03:29 AM
Need help with a Down Payment?
Here is a new program that I found that can help some households become homeowners! Here's how this works - as a buyer needing help with downpayment or closing costs you must get pre-qualified by a lender that is participating.  Not all lenders do this program!  Then once you are pre-qualified from the lender and have your approval in hand we begin to look for houses that you like.  So there is 'homework' that must be completed before you can start looking at homes!
So here are the particulars of this program: 
The Federal Home Loan Bank … (0 comments)

down payment assistance: Schaumburg IL First Time Home Buyer Program - 03/22/11 07:39 AM
Schaumburg First Time Home Buyer Program
Yes, it's true and I've used it with a Schaumburg buyer.  It was very easy to do and many first time buyers do not realize that this kind of help is available (neither do Realtors).  I'm living proof that the program exists and I've got one happy buyer that was grateful for the help.  There are guidelines that you must qualify for and you must live in the property for 5 years.
Schaumburg has identified in the Community Development Block Grant (CDBG) Program that a first time homebuyer's program is needed to increase homeownership opportunities. CDBG are … (5 comments)

down payment assistance: Down Payment Assistance - SmartMove for Illinois Buyers - 01/21/11 05:53 AM
SmartMove Program for First-time Buyers in Illinois SmartMove offers mortgage products with incentives such as affordable interest rates and down payment assistance.  Veterans can also apply.  SmartMove features up to $6000 for down payment and closing costs as a 10 year zero percent forgivable loan.  Obviously the program is geared toward borrowers who need extra flexibility on sources of income or who have limited funds for down payment and closing costs.SmartMove features:
Minimum down payment loan amounts from 96.5 to 100% (this means 3.5% down up to zero down) Conventional, FHA, USDA products available Fixed rate loans with up to 30 … (0 comments)

down payment assistance: 7 Tips for Coming Up with Down Payment Money - 08/06/10 03:55 AM
LOOKING FOR DOWN PAYMENT HELP?  Here's a great post that might give you suggestions to come up with some extra $$ for that home purchase you're planning.  Be aware that there are MANYprograms to help homebuyers so if you would like to discuss them, please call or email me.
There are many communities or counties that offer help and there is only a certain amount allotted per year and some income requirements might apply.

Zero down loans are (almost) entirely a thing of the past. While many wanna-be buyers are tucking their down payment pennies away, many of these folks … (3 comments)

down payment assistance: Down Payment Assistance Opportunity for DuPage County - 05/06/10 10:09 AM
Down Payment Assistance and Home Ownership Opportunity in DuPage County IL Neighborhood Stabilization Program (NSP) DuPage County is purchasing bank-owned foreclosed homes and rehabbing them for sale to qualified buyers, who would be willing to live in the house. This owner-occupied new program includes a special financing plan that can save you money and help you get the home of your dreams.How does it work?
Borrower must qualify for a purchase price of at least $100,000 Tax impound account required Term of 15, 20 or 30 years Fixed rate, must be reasonable Fully amortized Renovation loans not allowed (203K) Lenders not … (0 comments)

down payment assistance: REO'S and Foreclosures - Think they could possibly be for you? - 12/02/09 07:48 AM
REO's and Foreclosures - Think they could possibly be for you? I just sold and closed two foreclosures recently and the two sales couldn't have been more completely opposite!  One needed work (203k) from head to toe - you know the kind you hear about where the seller decided to cut parts of the furnace out of the unit!  The other was fabulous with a remodeled kitchen and 42" maple cabinets.  That one needed painting and new carpet but needed minor TLC.  It had the best location backing up to a pond!  What did these buyers both have in common?  
They … (6 comments)

down payment assistance: Streamwood Illinois - Down Payment Assistance for First Time Home Buyers - 08/25/09 06:30 AM
(3/25/17)    WHERE CAN YOU PURCHASE A HOME? The Program is available in these Cook County communities and all unincorporated Cook County areas 
only.
WEST
Bedford Park, Bellwood, Bensenville, Berkeley, Berwyn, Bridegview, Broadview, Brookfield, Burbank, Burr Ridge*, Cicero, Elmwood Park, Harwood Heights, Hillside, Hinsdale*, Hodgkins, lndian Head Park, Justice, La Grange, La Grange Park, Lyons, Maywood, McCook, Melrose Park, Norridge, North Riverside, Northlake, River Grove, Riverside, River Forest, Schiller Park, Stickney, Stone Park, Summit, Westchester, Western Springs, Willow Springs.
SOUTHWEST
Alsip, Chicago Ridge, Countryside, Evergreen Park, Hickory Hills, Hometown, Lemont, Merrionette Park, Orland Hills, Orland Park, Palos Heights, Palos Hills, Palos Park, Tinley Park*, Worth.
SOUTH
Blue lsland, Burnham, … (5 comments)

down payment assistance: Home Start Loan in Illinois - Home Start Advance Loan - 08/11/09 05:56 AM
New loan to help First-time Illinois Homebuyers - Home Start advances $8,000 federal tax credit to help with down payment!
CHICAGO - July 22, 2009 PRESS RELEASE
First-time homebuyers in Illinois now have an opportunity to take advantage of current low-interest rates and decreasing home prices under an innovative new program offered by the Illinois Housing Development Authority (IHDA). The Illinois Home Start Loan Program allows hundreds of residents to achieve the dream of homeownership through a new 30-year fixed rate loan, and an advance loan on the federal tax credit created by the American Recovery and Reinvestment Act of … (0 comments)

 
Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) Rainmaker large

Lyn Sims

Schaumburg IL Real Estate

Schaumburg, IL

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Address: 2311 W. Schaumburg Road, Schaumburg, IL, 60194

Office: (847) 230-7324

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Lyn Sims offers market comments, housing industry updates and real estate news about the surrounding communities near Schaumburg IL in the Chicago Northwest Suburbs.


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