$7,500 in Down Payment Assistance for First Time Buyers - Baird & Warner
Education, Finance

$7,500 in Down Payment Assistance for First Time Buyers

Key Mortgage is offering a new down payment assistance program on Aug. 3, designed to help first time homebuyers make the leap from renting to owning. Through 1stHome Illinois, presented through the Illinois Housing Development Authority (IHDA), new buyers can obtain a 30-year, fixed-rate, affordable loan and a $7,500 grant to help with down payment or closing costs.

“As you plan your strategy for the rest of the year, remember that the 1stHome Illinois program is a great way to reconnect with those renters who might be ready to buy,” said Steve DiMarco, president of Key Mortgage Services, Inc. “We’ve been told that this program won’t last very long, so be sure to act fast in communicating this incredible benefit.”

The 1stHome Illinois program is available beginning Aug. 3 to buyers in Boone, Cook, DeKalb, Kane, McHenry, Will and Winnebego counties who have not owned a home in the past three years. For more information, contact a Key Mortgage loan officer.

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