As saving for a down payment of 10 or 20 percent becomes more difficult, down payment assistance programs can be the difference between buying a home and not. IHDA’s first mortgage programs are able to connect homebuyers with up to $7,500 in assistance for down payments and closing costs, competitive interest rates, and tax benefits that help buyers save over the life of their loan. New homeowner, Lauren Mitchell of Belleville, knows this first hand as she recently purchased her new home and shared the following:
My son and I are finally getting somewhat settled in in our new home! I had forgotten how much is involved in moving! We will be here for a while for sure. I just wanted to say this wouldn’t have been possible without IHDA and the 1stHomeIllinois program. I cannot thank you enough! You are beyond amazing. I hope you have an amazing day!
We would like to thank Lauren for her kind words. If you are looking to purchase a home please contact an IHDA lender as they can help you understand the home buying process from beginning to end and answer all of your questions about the 1stHomeIllinois program.