New First Time Home Buyer Program
The mortgage approval process today faces more scrutiny than in the past, with lenders often requiring higher credit scores and larger down payments. Today’s standard 20-percent down payment requirement has proven difficult for many would-be first-time buyers in Illinois and across the nation. IHDA’s Welcome Home Illinois loan can help first-time buyers in Illinois who qualify by providing the down payment assistance they need to get into their first home, while helping to ensure it’s a great fit financially as well.
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