@Home Illinois - Repeat Buyer
< IHDA Home
Are you looking to upgrade, downsize or simply change zip codes? The @HomeIllinois mortgage is the mortgage for you. For the first time ever, IHDA is offfering $5,000 in down payment or closing cost assistance to repeat buyers. With interest rates at historical lows, there's no better time to buy your next home than now.
The @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 next home.
@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.
$5,000 down payment or closing cost assistance
Lender paid mortgage insurance
Choice of FHA, VA, USDA or Conventional loan type
Contribute $1,000 or 1% 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 (onine and in-person options available)
Ready to get started? Contact the First Northern Mortgage Team and they will guide you through the quick and easy process!
(888) 328-8677, extension 505 | email@example.com
Have additional questions? Visit the FAQ page of the @HomeIllinois website.