When you decide to buy a home, it can be an exciting decision.  With down payment assistance we can help you achieve your dream of homeownership sooner.

If you are interested in buying a home in  Cook, DuPage, Kane, Kendal, Lake, McHenry, Will, Boone or Winnebago counties, 1stHomeIllinois is the product for you.  It combines a 30-year fixed rate mortgage with a $7,500 down payment assistance grant. 1stHomeIllinois is tailored for first-time homebuyers, veterans, or anyone who hasn’t owned a home in the last three years.

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Your home buying goals are as unique as you are. Every customer’s situation is different, and HomeBridge is here with a customized mortgage solution that matches your needs.

The benefits of homeownership can include:

  • Gain home equity by paying principle. The principal portion of every mortgage payment you make has the potential to grow your asset.
  • Take advantage of tax benefits as mortgage industry and real estate taxes are usually tax deductible. (Consult a tax advisor regarding the deductibility of interest.)
  • Build your credit by making on-time mortgage payments can help you create and keep up a strong credit history.


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Conventional Loans benefit customers with good, though not necessarily perfect, credit histories. But, if your down payment for a purchase, or home equity in the case of a refinance, is less than 20%, you will have to pay for private mortgage insurance (PMI).

Conforming Mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs). These loans must also “conform” to established maximum loan limits set by Fannie Mae and Freddie Mac.

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Government Loans benefit customers seeking a mortgage with a lower down payment requirement or those who may need more flexible qualifying guidelines due to limited credit history.

FHA Mortgages have lower down payment requirements that may be easier to qualify for than a conventional loan. The loans are made by private lenders and insured by the FHA, with both an upfront and a monthly charge for this insurance. The FHA has limits on the mortgage amount based on the county where the home is located. More information on FHA underwriting and eligibility changes effective as of September 14, 2015.

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100% loan options

Veterans Administration (VA) loans are designed to help service people and veterans obtain financing at very reasonable rates and offer financing up to 100% of the home’s value.

USDA United States Department of Agriculture Rural Development

This program helps lenders work with low and moderate income families living in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

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