FHA (Federal Housing Administration) is a loan that is insured by the federal government. These loans require a lower down payment for the buyer which can really help especially for first time home buyers that may not have a lot of money saved up.
The spring market is here! Soon you will be seeing many new properties coming on the market. If you are thinking of listing your property now like many others there are a few things your should consider.
Attention First Time Home Buyers: this is a great down payment assistance program for you!
This program is called Welcome Home Illinois and includes:
- $7,500 cash assistance to cover down payment