City Mortgage -The City Mortgage program offers qualified first-time homebuyers 30-year, fixed-interest mortgages at competitive interest rates and a gift of 4 percent of the mortgage amount to cover downpayment and closing costs. City Mortgage is available to qualified buyers of 1-4 unit properties in the City of Chicago. The program is available citywide and applicants must meet income and purchase price guidelines. For more information please call me or click on this link, City Mortgage 1st Time Buyer Program Information.
I-Loan Program - A low interest and low downpayment (3%) loan backed by Illinois for qualifying minority individuals with no credit history or social security number. For more information please call me or click on this link, I-Loan Program.
Partners in Charity-Over 300,000 homebuyers nationwide have benefited from down payment assistance programs! They will give you 2% to 10% down payment on your home purchase, depending on your needs. For more information please call me or click on this link, Partners in Charity Gift Program.
| American Dream Down Payment Initiative Program |
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| To make the “American Dream,” of home ownership a reality for first-time home buyers in Cook County, this program provides financial assistance to income-qualified families. Qualified buyers will receive cash to meet down payment and closing costs through a five-year forgivable second mortgage loan (second lien) held by Cook County. For more information please call me or click on this link, American Dream Program.
AmeriDream Program (different from American Dream Program listed above)
Think it sounds too good to be true? It’s not. The AmeriDream Downpayment Gift Program provides homebuyers with up to 10% of the sales price of the home for a down payment or closing costs. For more information please call me or click on this link, AmeriDream Program.
Liberty Grant Plus
The Liberty Grant Plus program expands homeownership opportunities nationwide by providing a head start with a financial gift toward the purchase of your home equal to 2.25% of the sales price plus access to additional gift funds to cover the remaining downpayment and closing costs. For more information please call me or click on this link, Liberty Grant Plus Program.
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