Purchasing a Schaumburg Home & Need Down Payment help?

By
Real Estate Agent with RE/MAX Suburban
https://activerain.com/droplet/54yS

@home illinois mortgageThe @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 assistance
Federal tax credit certificate
Lender paid mortgage insurance
Choice of FHA, VA, USDA or Conventional loan type

Requirements:

Contribute $1,000 or 1 percent of the purchase price, whichever is greater
Meet the income and purchase price limits (see chart below)
Meet the credit requirements
Live in the home as your primary residence
Complete homeownership counseling (online and in-person options available)

 

If you qualify with the above criteria, I can put you in touch with a loan officer that works the Schaumburg IL Area. 

  

@home illinois

IHDA down payment assistance

 

 

Posted by

 

lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Illinois Cook County Schaumburg
Tags:
down payment assistance
ihda
homeillinois

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,080,753
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

What a fantastic program for first time buyers in Schaumburg, IL.

May 15, 2017 03:03 PM #1
Rainmaker
1,518,088
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Great program Chris Ann.

May 15, 2017 04:42 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,518,088

Lyn Sims

Schaumburg IL Real Estate
Need help with Schaumburg Area Real Estate?
*
*
*
*
Spam prevention

Additional Information