Financial counseling and education is an excellent option if you are seeking to rebuild credit, manage debt, and establish savings. Housing counselors are well trained to provide you with the financial tools needed to maintain financial and housing stability. At IHDA, we are focused on foreclosure prevention, and have free counseling services available to you to make sure you make the best decisions for your household before, during, and after a home purchase.
We understand that when homeowners struggle financially, communities suffer. If you know members of your community who are having a hard time paying their mortgage, please encourage them to visit the housing counseling section of our website. There is help available. All services are free.
Through a variety of grant programs, we fund a network of housing counseling agencies to provide foreclosure prevention counseling, as well a financial coaching and pre-purchase counseling. Information and materials for each program can be found below. If you are a housing counseling agency and currently not on our list serve, please send an e-mail to us to be notified when these programs solicit applications for funding (program e-mail addresses are under each respective program tab).
The Housing Counseling Resource Program (HCRP) will provide grants to housing counseling agencies in Illinois to expand service to minority and low- and moderate- income homebuyers. The Program aims to generate increased organizational engagement with minority and low- and moderate- income homebuyers due to this expanded reach. Funding for this program is made available by an allocation from the Federal Home Loan Bank of Chicago.
For more information, contact the Community Affairs Department at email@example.com. For information on obtaining an IHDA Mortgage, you can find information here. If you are in need of assistance with buying a home, contact a housing counselor to help you understand the process and your eligibility for grants.
The Cook County Mortgage Foreclosure Mediation Program (“CCMFMP”) will help foreclosure litigants reach an agreement with lenders to modify their mortgages or to negotiate graceful exits from properties in foreclosure. The housing counseling component is vital to the program’s success because housing counselors are trained to assess an individual’s financial situation and determine if a loan modification will be sustainable by the homeowner.
IHDA does not directly fund homeowners. If you are a homeowner looking for foreclosure prevention assistance, contact a housing counselor to help you understand what options are available.
Please direct all questions to CCMFMPinfo@ihda.org.
Housing counselors can help you understand your options if you are having trouble paying your mortgage. They can communicate with your mortgage lender or servicer on your behalf and help you find legal representation if necessary. Counselors can also help you create a budget to manage your expenses and possibly stay in your home.
All services are free.
Find a counselor near you today and begin to get the help you need.
You should be aware that foreclosure rescue and mortgage modification scams exist. Scammers make promises they cannot keep, such as guarantees to save your home or lower your mortgage, for a fee. Scammers also may pretend they have direct contact with your mortgage servicer when they do not. One of the easiest ways to determine if someone is trying to scam you is if they ask you for money.
You should never have to pay for foreclosure assistance.
Tips to Avoid Scams:
- Beware of anyone who asks for a fee in exchange for a counseling service or modification of a delinquent loan.
- Beware of people who pressure you to sign papers immediately, or who try to convince you they can save your home if you sign or transfer over the deed to your house.
- Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.
- Never make a mortgage payment to anyone without your mortgage company’s approval.
- Watch the Foreclosure Rescue Scams Video on the FTC ‘s YouTube Channel.
- The U.S. Department of the Treasury’s Office of the Comptroller of the Currency provides tips and materials to help homeowners avoid mortgage modification and foreclosure rescue scams.
- The Loan Modification Scam Prevention Network is a national coalition of governmental and private organizations created by Fannie Mae, Freddie Mac, NeighborWorks America™ and the Lawyers’ Committee for Civil Rights Under Law to provide resources to educate homeowners about the dangers of loan modification scams and support federal, state and local efforts to combat these scams. If you believe you have been the victim of a scam, you can report the scam through the campaign’s online complaint form.
- The Financial Fraud Enforcement Task Force maintains a wide list of resources and information to help find and report suspected cases of financial fraud.
- If you live in Cook County, the Cook County Recorder of Deeds has created a free property fraud alert that will notify you any time a document is recorded against your property’s Parcel Identification Number (PIN).
What to Do if You Have Been the Victim of a Scam:
If you suspect mortgage fraud or want to learn about tips to avoid fraud, contact the Illinois Department of Financial and Professional Regulation (IDFPR) or call 1-800-532-8785.
If you are facing foreclosure, it is important to know your rights. Remember: you should never have to pay for foreclosure assistance.
The following non-profit organizations offer free legal advice to low-income persons and all seniors:
- The Illinois Attorney General‘s website has a summary of homeowners’ rights and lender obligations, as well as a referral list of non-profit legal clinics, legal programs in law schools, and private law firms throughout the state that provide pro bono (free) legal services for those who cannot afford an attorney.
- Land of Lincoln Legal Assistance Foundation
- Catholic Charities Legal Assistance
- Legal Assistance Foundation of Metropolitan Chicago
- Prairie State Legal Services — Call 888-966-7757, Monday through Friday from 9 a.m. to 12 p.m. and 1 p.m. to 4 p.m. to find out if you are eligible.
- Illinois Legal Aid — The organization has a series of videos explaining the foreclosure process and how to work with an attorney. To see the videos, click here.
- If you are a renter and your apartment building is in foreclosure, or has been foreclosed, the Lawyers’ Committee for Better Housing provides free legal services, including a toll free helpline at 855-207-8347, representation within Cook County and other resources to help you understand what options may be available to you.
- Chicago Volunteer Legal Services proudly supports and promote the voluntary pro bono legal representation of the Chicago area’s poor and working poor. Their newest service helps homeowners enroll in forbearances. If you need pro bono legal services, please call 312-332-1624 to see if you qualify for their services.
If you are struggling to pay your utility bills, consider the following:
ComEd’s smart meters program. Smart meters are digital electric meters that collect energy-usage information and securely send it to ComEd. In addition to eliminating estimated bills, smart meters give customers access to more information about their electricity usage.
The Low Income Home Energy Assistance Program (LIHEAP) helps eligible low income households pay for winter energy service.
MeterSave is a program offered by the City of Chicago’s Department of Water Management (DWM) to non-metered Chicago homeowners to voluntarily install meters to help them save water and lower their water bill.
Warm Neighbors, Cool Friends – a collaborative program between Ameren Illinois and the Energy Assistance Foundation that provides moderate income customers and senior citizens with low-cost home weatherization options.
The Citizens Utility Board (CUB) is a non-profit organization focused entirely on cutting your utility bills. CUB provides guidance to help slash phone, electric and gas bills and assists customers who have complaints against their utility company.
If you’re looking for an affordable home to rent, ILHousingSearch.org is a fast, easy-to-use search tool that lets you look for rental housing using a wide variety of criteria and special mapping features. You’ll find color photos and detailed information about each unit. The service also provides links to housing resources and helpful tools such as an affordability calculator, rental checklist and information about renter rights and responsibilities.
Anyone who sustained losses or damage from the severe storms and tornadoes on November 17, 2013 should register for disaster aid. Residents can apply for assistance with the Federal Emergency Management Agency (FEMA) on their toll-free number (1-800-621-FEMA (3362) or 1-800-462-7585 (TTY) for the hearing and speech impaired) and online at www.disasterassistance.gov.
More information on disaster recovery resources is also available at ready.illinois.gov.
The U.S. Department of Veterans Affairs provides service members, veterans and eligible surviving spouses with housing assistance that can help you retain, repair or adapt your home.
If you need to find employment or apply for unemployment support, visit the Illinois Department of Employment Security (IDES) website. IDES is the state agency that pays unemployment benefits and administers the employment service and Illinois Job Bank to connect Illinoisans to jobs throughout the state.
Additional support for Illinois residents looking for work is available through the American Job Center (AJC) website. AJC provides access to federal and local resources that help people find a job, identify training programs, gain skills in growing industries and apply for financial assistance.