Purchasing a Schaumburg Home & Need Down Payment help?

Real Estate Agent with RE/MAX Suburban

@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


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



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

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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
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Great program Chris Ann.

May 15, 2017 04:42 PM #2
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Lyn Sims

Schaumburg IL Real Estate
Need help with Schaumburg Area Real Estate?
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