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Illinois First Time Home Buyer Grants

Get Illinois First Time Home Buyer Grants to purchase your first home! Use home buying grants to fulfill the American Dream! Find the best list of home mortgage grants for this state below.

Before you obtain a grant and apply for a mortgage, you really need to understand how your credit profile looks.

You want to know your credit score and determine if you need credit repair before proceeding.

Unfortunately, without a minimum credit score of 640, you'll not qualify for these low down payment programs. The FHA 203b loan works well with the various grant options. The higher your credit score is the lower your interest rate.

Deciding to purchase a house is a thrilling adventure, but it can be scary too.

Sometimes it can feel a little bit intimidating when you realize the commitment. Don't let that scare you off!

Purchasing a home is a worthwhile endeavor. So I plan to encourage you by giving some useful information about first time home buyer grants which will hopefully assist you in this endeavor.

It would be awesome to receive one of these home mortgage grants. Anyone would appreciate such a gift wrapped money package!

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

illinois grants for home buying

Illinois Grants for Home Buying

To begin with, the State of Illinois does offer an Illinois first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains Illinois' first time home buyer grant program is the Illinois Housing Development Authority.

Illinois offers several programs. Whether you qualify or not will depend on the amount of your income. Families with low income may be eligible to receive a grant to assist with down payment and closing costs. Families with very low income may be eligible to receive a higher amount of money.

The Illinois Affordable Housing Trust Fund program offers this kind of help for the down payment and closing costs. There is a restriction though. You must stay in the home for a minimum of five years for it to become a grant.

There is also some loan assistance for those who qualify. This too has restrictions that must be met. The amount of loan assistance can be provided up to $30,000 depending of your income level.

You should visit the Illinois Housing Development Authority to determine your eligibility.

Federal Home Buying Grants

In addition, the federal government offers grant assistance for first time home buyers in Illinois. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Other Home Mortgage Grants

Another website I would recommend that you view is Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

As you can see there are several options for you. Each of these options require time from the application to the approval and then more time to get the funds. So allow yourself plenty of time if you want to use any form of assistance.

I encourage people to start a savings plan while you are going through the process. Sometimes, once the process is finished, you may be surprised how much you saved. Then if you don't get the funds, you may have enough money for your own down payment.

Otherwise, you have money to purchase those awesome items you want for your new home!

Remember, you need a lender who will work with first time home buyer grants or programs. Even if you qualify for a grant, you still have to qualify for a loan. If you think you're ready to get started, click here to register for FREE loan and grant information.

More Illinois First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Illinois First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!


Leave Illinois First Time Home Buyer Grants and return to State Lists main page.

Go to House Buyer Solutions Home Page.

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