Financing in Chicago>Question Details

Allen Brown, Real Estate Pro in Chatham, Chicago, IL

Does anyone know about an additional 10,000 dollar grant that you can get for a new home ? Not the down payment assistance grant.

Asked by Allen Brown, Chatham, Chicago, IL Mon Mar 19, 2012

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5
There are a few out there. I have lenders you can speak to about it if you need a referral.
0 votes Thank Flag Link Mon Mar 19, 2012
Yes it it the Illinois Housing Development Authority or IHDA forgiveable 0% loan. Call me at 630-430-6009 for details.
0 votes Thank Flag Link Mon Mar 19, 2012
Yes - It is a new state grant in 6 specific towns in Illinois. There is a credit min and income max but it is pretty nice. Must be a vacant home. Specific lenders. Go on the IHDA website - there is more info there. Must be owner occupied and live in home at least 2 years.
0 votes Thank Flag Link Mon Mar 19, 2012
0 votes Thank Flag Link Mon Mar 19, 2012
There are many limitations, such as income, location of the property, etc. Talk to your lender to see if you qualify.
0 votes Thank Flag Link Mon Mar 19, 2012
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