Homes in Central Illinois
Jerry George
(217) 638-1360(217) 638-1360

Homes in Central Illinois
Make the Real Estate experience real with Jerry George

New mortgage program a good option for buyers

Homebuyers in Illinois have a new mortgage option to help them buy a home this summer.

The Illinois Housing Development Authority has created @HomeIllinois, a program that offers $5,000 in down payment, closing cost assistance and a 30-year mortgage. The program is designed for not only first-time buyers but to repeat buyers and homeowners who want to refinance.


As with all lending programs, there are certain requirements buyers must meet, including a $1,000 contribution toward the purchase price or 1 percent of the purchase price, whichever is greater, and certain credit requirements.

Still, the program is a great resource for those looking to buy the home of their dreams.

Give me a call at 638-1360 if you have any questions about the program. Detailed information also may be found on the @HomeIllinois website and in its FAQ.

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