3 grant programs offered by
Illinois Housing Development Authority:
- 4% of the purchase price up to $6,000 in assistance for down payment & closing costs, forgiven monthly over 10 years – it’s a gift that does not have to be repaid
- 30-year, fixed rate mortgage with an affordable interest rate
- Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
- Available to first-time and repeat homebuyers statewide
Eligibility:
- Household income and purchase price limits apply
- Minimum credit score of 640 is required
- Both new construction and existing homes are eligible
- 5% of the purchase price up to $7,500 in assistance for down payment & closing costs offered as an interest-free loan, deferred for the life of your mortgage – you don’t need to repay until you sell your house, refinance, or pay off your mortgage
- 30-year, fixed rate mortgage with an affordable interest rate
- Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
- Available to first-time and repeat homebuyers statewide
Eligibility:
- Household income and purchase price limits apply
- Minimum credit score of 640 is required
- Both new construction and existing homes are eligible
- 10% of the purchase price up to $10,000 in assistance for down payment & closing costs offered as an interest-free loan – repaid monthly over a 10 year period
- 30-year, fixed rate mortgage with an affordable interest rate
- Available for all mortgage types, including FHA, VA, USDA and FNMA HFA Preferred
- Available to first-time and repeat homebuyers statewide
Eligibility:
- Household income and purchase price limits apply
- Minimum credit score of 640 is required
- Both new construction and existing homes are eligible
For additional information contact:
Rishawn Boone, Realtor®
Century 21 Affiliated
630-723-4163 (Mobile)
815-730-1199 ext. 1618 (Office)
rboone@c21affiliated.com