Mortgage Naperville

1st Home and @Home Illinois Loans

1st Home and @Home Illinois Loans

1st Home Illinois is IHDA’s new 1st Home Illinois loan which comes with $7,500 cash assistance for down-payment with a competitive interest rate for a secure, 30-year fixed rate mortgage. 1st Home Illinois is tailored for the majority of first-time homebuyers, Veterans, or anyone who hasn't owned a home in the last three years. If you are a first-time home buyer time is of the essence to take advantage of the 1st Home Illinois Program before the benefits run out. Contact me today and I will walk you through the process to secure the best possible rate for your 1st Home Illinois Loan.

1st Home Illinois Loan Highlights

  • $7,500 cash assistance for down payment and closing costs
  • 30-year, fixed-rate mortgage with a competitive interest rate
  • Choice of FHA, VA, USDA or Conventional loan type
  • Available in the following counties: Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will and Winnebago

1st Home Illinois Loan Requirements

  • First-time homebuyer or anyone who has not owned a home in the last three years (Veterans are exempt)
  • Purchase a one or two unit property within Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties
  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)

@HomeIllinois Program Highlights

@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 for buyers
  • Lender paid mortgage insurance for buyers
  • Federal tax credit certificate for first time buyers
  • Choice of FHA, VA, USDA or Conventional loan type

@HomeIllinois Program Requirements

  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as your primary residence
  • Complete homeownership counseling (online and in-person options available)
  • Have additional questions? Visit the FAQ page on the @HomeIllinois website

As you can see, 1st Home and @Home Illinois Programs will not only help you as a first-time homebuyer, but you will also help stimulate the local economy. In todays tough economical times I understand the sacrifices first-time homebuyers make to purchase a home. I enjoy helping first-time homebuyers achieve their dreams of homeownership and will secure the best possible rate for you. Contact Me today to show you specifically how the 1st Home and @Home Illinois Programs will benefit your family.

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