Illinois First Time Home Buyer Program $7500 down payment assistance

By
Managing Real Estate Broker with Broker (The Watz Team) Exit Strategy Realty

IHDA’s Welcome Home Illinois loan can help first-time buyers in Illinois who qualify by providing the down payment assistance they need to get into their first home, while helping to ensure it’s a great fit financially as well.

  • Welcome Home Illinois includes:
    • $7,500 cash assistance to cover down payment
    • 30-year fixed-rate mortgage with a below-market interest rate (Currently 3.99%)
    • Variety of loan options to choose from, including FHA, Conventional, VA, and USDA 
  • Eligibility:
    • Buyers must be first-time homebuyers or anyone who has not owned a home in the last three years.
  • Requirements:
    • Contribute one percent or $1,000 of the purchase price, whichever is greater
    • Purchase a one- or two- unit property within Illinois
    • Live in property as primary residence 
  • Click here for more info

Posted by Victoria Watzlawick, Broker "The Watz Team" Century 21 Affiliated, Algonquin Illinois, serving all of McHenry County   847-854-3800  

Equal Housing Opportunity

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Topic:
Home Buying
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Illinois
Tags:
illinois real estate
illinois first time home buyers
illinois down payment

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Vicki Watzlawick

Illinois Foreclosure Expert, The Watz Team
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