cuatro. IHDA Mortgage Software

That it Access Financial program is mostly about helping the very first-some time and recite homebuyer who is wanting some assistance that have advance payment and you will home loan possibilities. This permits some body from the county out-of Illinois, plus instructors, to decide an application that will finest fit their requirements. Perhaps one of the most enjoyable parts of each of the step three alternatives is you can apply this new programs so you can either a keen existing home otherwise another structure!

The first choice is the fresh new IHDAccess Forgivable Mortgage. Within this program you might found 4%, around $six,100000, of the cost to assist you inside putting a down fee off and buying brand new closing costs. Some of it assistance would be forgiven more 10 years to the a monthly basis.

IHDAccess Deferred ‘s the 2nd solution. (more…)