Tagged : Home Buying Grants

Found 1 blog entry tagged as "Home Buying Grants".

grant available for Lockport homes for saleThere is a program for buyers of Crest Hill, Joliet and Lockport homes for sale. Home buyers in those towns could qualify for up to $10,000 towards the down payment and/or closing costs. It is The Illinois Building Blocks Program and is being offered by the Illinois Housing Development Authority.

This program is geared for families that might not otherwise be able to purchase a home because of lack of enough cash to cover closing costs and down payments required to qualify for a mortgage loan. It was created to get rid of the current inventory of vacant homes in these 3 towns, which will help revitalize each town. When a town has a glut of vacant foreclosed properties they become vandalized and continue bringing value down for other properties.

1,225 Views, 0 Comments