Under the newly announced Welcome Home, Illinois program, first-time home buyers can get $7,500 in down payment and/or closing cost assistance on the purchase of a home. The program helps working families in Illinois to achieve the dream of home ownership. It applies to 1-2 unit residential properties (single family homes, condos, or 2 flats), and the buyer must occupy the home as their principal residence.
The program is for buyers purchasing with 30 year mortgages that have fixed interest rates. The interest rates offered are below market. FHA, VA, USDA or Conventional mortgages will apply. Income and purchase price limits apply. Contact Maggie Finegan at 773-502-1673 to find out more.