Even in this economic climate, down payment assistance remains available. With the mortgage interest rate continuing to be historically low and the prices of homes 30% to 40% lower than just a few years ago, its time to buy your new home.
Almost every state has a home finance agency that offers down payment assistance. Its up to you to explore what the criteria are for becoming eligible and to meet the requirements.
If you live outside of Illinois go to the State Mortgage Finance Agencies to find out what's available in your state. If you live in Illinois, go to the Illinois Housing Authority for assistance
In addition, here are some more sites that offer a variety of housing assistance in Illinois, New Smart Move, METEC Partners , North Shore Trust, and the Greater Chicago Housing and Community Development Organization.
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