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Loans for first-time home buyers: mortgage down payment assistance that also covers closing costs for eligible Illinois residents looking to purchase a home. Repayment of down payment portion of this loan is deferred or forgiven after set period of years, which varies by program. Offered in conjunction with 30-year fixed rate mortgage with affordable interest rate.

Services

First Time Buyer Home Loans
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
National Settlement obtained to assist residents of Illinois whose home loan or foreclosure mortgage servicer was Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo. Services available include Loan Modification and Refinance Options. Cash restitution to borrowers who lost their home to foreclosure between January 1, 2008 and December 31, 2011.

Services

Foreclosure Prevention Loan Modification/Refinancing Programs
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
The Building Neighborhoods and Affordable Homes Program (BNAH) provides forgivable grants to qualifying buyers to assist in their purchase of primary, owner-occupied residences that are newly constructed single-family residential buildings, containing no more than four dwelling units, built pursuant to a City of Chicago land sale redevelopment agreement. The program provides up to $100,000 in purchase price assistance to qualifying buyers.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.
Loans made by USDA Rural Development to low and very low income applicants to buy, build or repair homes--payments may be subsidized.

Finances the creation and preservation of affordable housing throughout the state to increase the supply of decent and safe places for people of low or moderate means to live.

Provides first-time home buyer information and home purchase and loan assistance.

HUD-certified housing counselors across the state offer financial tools to help with finances and housing. The directory of counselors is available on the website.

Services

Home Purchase/Mortgage Refinance Loans
Housing Counseling