Home Buying in Chicago>Question Details

Beccaj, Other/Just Looking in Chicago, IL

Is there a program that can help me purchase my home using my Section 8 voucher?

Asked by Beccaj, Chicago, IL Mon Mar 18, 2013

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1 vote Thank Flag Link Mon Mar 18, 2013
Yes

You are required to apply to a specific home ownership program in order to have your section 8 voucher apply towards a mortgage. It is not a quick process and there are limitations. Check with the housing authority you are tied to for more information.

Geoff Ommen
Broker Baird & Warner
847-271-2622
geoff.ommen@bairdwarner.com
http://www.geoffgetsit.com
1 vote Thank Flag Link Mon Mar 18, 2013
Mobility Counseling Program - Chicago Housing Authority
http://www.thecha.org/pages/mobility_counseling/2639.phpThe Mobility Counseling Program assists families in the Housing Choice Voucher (HCV) program to move into CHA designated Opportunity Areas within the City .
0 votes Thank Flag Link Tue Mar 19, 2013
Beccaj,

Geof and Bill are on top of it. Before talking to a lender I would work with CHA to see what steps you need to take with them first. Remember that even in these programs you will have have a credit score of at least 620. I would personally start with the CHA than I would check my credit and I there is a problem, start to fix my credit to make sure I had at least the minimum credit score of 620.
0 votes Thank Flag Link Tue Mar 19, 2013
I would speak to a few lenders and see what your options are.
0 votes Thank Flag Link Mon Mar 18, 2013
Thanks for that, Geoff. I thought that had been discontinued.
0 votes Thank Flag Link Mon Mar 18, 2013
check with the city of chicago .org
0 votes Thank Flag Link Mon Mar 18, 2013
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