$7500 in Cash Assistance for Down Payment and/or Closing Costs from the State

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1st Home Illinois

First-time homebuyers in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties can get $7,500 in down payment assistance with an 30-year fixed rate mortgage. 1STHomeIllinois is tailored for first-time homebuyers, or anyone who hasn’t owned a home in the last three years and moving into one of the above 10 counties.

1STHomeIllinois Offers

  • $7,500 cash assistance for down payment and closing costs
  • 30-year, fixed-rate mortgage
  • Conventional loan

Requirements:

  • Must be purchasing a one or two unit property in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties
  • First-time homebuyer or anyone who has not owned a home in the last three years (Veterans are exempt) in one of the above 10 counties
  • Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  • Meet the income and purchase price limits
  • Meet the credit requirements
  • Live in the home as primary residence
  • Complete homeownership counseling (online and in-person options available)

Ready to get started? CFS Mortgage is a qualified IHDA participating lender and we will guide you through the quick and easy process. Funds are limited so act now.