ilgrant, Author at Illinois Home Buyer Grant

Access Forgivable: Up to 4% of the purchase price (maximum $6,000) forgiven after 10 years.
Access Deferred: Up to 5% of the purchase price (maximum $7,500) as an interest-free loan, deferred until the home is sold or refinanced.
Access Repayable: Up to 10% of the purchase price (maximum $10,000) as an interest-free loan, repayable over 10 years.

Buying a home in Illinois can be a life-changing experience, but for many, the upfront costs can be a significant hurdle. Thankfully, Illinois offers a variety of homebuyer grant programs to help you achieve the dream of homeownership. These programs...