Illinois’ newest program is now funded, and is providing $7500 to first time homebuyers to help pay for closing costs and towards down payment. There are some limitations, and here are some of the basic guidelines:
As you can see, there are household income limits adjusted for family size, along with maximum purchase prices depending upon area. Check with an approved mortgage banker for more details. Don’t hesitate to let me know if you would like me to put you in touch with a mortgage banker that understands this program to go over the details.