It is always best to figure out your financing before looking at homes and this is a great place to start. Educate yourself to become an empowered home buyer or home seller! Whether you are looking to buy or sell a home in Cook County, Will County, Grundy County, Kankakee County, LaSalle County, Livingston County, Mclean County, Champaign County, or anywhere in Illinois this is for you.
Conventional Loans are one of the most common loan programs used. They are also referred to as Fannie Mae and Freddie Mac.
FHA stands for Federal Housing Administration and in some cases is referred to as HUD.
VA stands for Veterans Affairs. Va loans are a great program but strictly for Veterans and possibly spouses of a deceased Veteran.
USDA stands for U.S. Department of Agriculture. These loans are designed to help home buyers in rural communities.
Jumbo loans are designed to help homebuyers with higher purchase prices and those limits are defined by the government.
There are down payment assistance programs in Illinois for First Time Home Buyers and Non First Time Home Buyers.
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