~ Chicago Home Buyers Get 50% Commission Rebate when you buy Chicago Real Estate with Michael Sorensen – Chicago Best Discount Realtor Buyer Commission Rebate
Chicago, Illinois Foreclosure Search Website. Find Real Estate Foreclosure Listings in the Chicago land area. Search Bank owned foreclosed properties in Chicago and Illinois. Call me to schedule showings or to submit offers: (773) 987-8224 in English or Polish (hablo un poco de español tambien).
*The properties shown are the results of a specific search in the selected areas. You can expand or modify that search. I have eliminated properties that have accepted offers, are under contract or sale pending leaving only available foreclosure properties with no accepted offers. Listing status is subject to change at any time. Some of the properties shown may no longer be available. Source: MRED MLS (Midwest Real Estate Data).
Buying a home can be an exciting and intimidating process. With an IHDA loan, we strive to make the process as streamlined as possible so you can achieve your goal of homeownership. In the video below, you will see how easy the IHDA loan process can be and how we helped a family achieve the dream of homeownership by purchasing their first home.
How to apply:
Let our network of qualified lenders guide you through the quick and easy process. Locate a lender near you by visiting the Find a Lender page in this section of our website or call 312.836.5200 to speak with the Homeownership Department. Income and purchase price limits apply.
The Welcome Home Illinois loan comes with down payment assistance that drastically reduces the total cost of your home and a below-market interest rate that saves you hundreds of dollars each month.
Welcome Home Illinois includes:
$7,500 cash assistance to cover down payment
30-year fixed-rate mortgage with a below-market interest rate
Variety of loan options to choose from, including FHA, Conventional, VA, and USDA
Eligibility:
Buyers must be first-time homebuyers or anyone who has not owned a home in the last three years
Requirements:
• Contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase a one- or two- unit property within Illinois
• Live in property as primary residence
IHDA’s flagship mortgage program, SmartMove, offers first-time homebuyers an affordable 30-year fixed-rate mortgage and up to $6,000 for down payment. SmartMove is the perfect solution for borrowers who have limited funds for down payment, yet have the financial means to maintain monthly mortgage payments.
SmartMove includes:
• Up to $6,000 cash assistance to cover down payment
• 30-year fixed-rate mortgage with a competitive interest rate
• Variety of loan options to choose from, including FHA, Conventional, VA, and USDA
Eligibility:
• Buyers must be first-time homebuyers
Requirements:
• Contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase a one- or two- unit property within Illinois
• Live in property as primary residence
SmartMove Plus is for buyers who currently own a home and want to refinance or buy a new home.
SmartMove Plus offers:
• 30-year fixed rate mortgage with a competitive interest rate
• Variety of loan options to choose from, including FHA, Conventional, VA, and USDA
Eligibility:
• Buyers need not be first-time homebuyers
Requirements:
• If purchasing, contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase or refinance one- or two- unit property within Illinois
• Live in property as primary residence
• Up to $6,000 cash assistance to cover down payment
• Federal tax credit that reduces income tax liability by up to $18,000 over the loan life*
• 30-year fixed rate mortgage with a competitive interest rate
• Variety of loan options to choose from, including FHA, Conventional, VA, and USDA
* based on a 30-year, $128,000 loan with a 4 percent interest rate
Eligibility:
• Buyers must be first-time homebuyers
Requirements:
• Contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase a one- or two- unit property within Illinois
• Live in property as primary residence
The Illinois Welcome Home Heroes program provides critical financial support to men and women who have honorably served in our armed forces.
Welcome Home Heroes offers:
• $10,000 cash assistance to cover down payment
• 30-year fixed rate mortgage with a competitive interest rate
• Federal tax credit that reduces the federal income tax liability by up to $18,000 over the loan life*
• Variety of loan options to choose from, including FHA, Conventional, VA, and USDA
* based on a 30-year, $128,000 loan with a 4 percent interest rate
Eligibility:
• Veterans (need not be first-time homebuyers)
• Active military personnel, reservists and Illinois National Guard members (must be first-time homebuyers)
Requirements:
• Contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase a one- or two- unit property within Illinois
• Live in property as primary residence
Harwood Heights and Norridge Housing Market update – Search Real Estate Listings & Homes For Sale in Harwood Heights and Norridge (listing data feed automatically updates every hour).
