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City of Chicago Public Safety Workers |
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Public Safety Officer Homeownership Program
Chicago police officers, firefighters, and paramedics who purchase homes in targeted
areas of Chicago may be eligible to receive $3,000 in down payment and closing costs
assistance. If the purchase is located in a CHA Redevelopment Property $7,500 in
assistance may be available.
The deferred loan is available per household and may be used for a down payment or
closing costs, including title insurance; credit reports; recording fees; appraisals; points;
transfer stamps; third-party property inspection fees; first year’s payment of mortgage
insurance; and other customary bank related closing charges. This loan will be fully
forgiven if the officer resides in the home for at least
five years.
Program Requirements:
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City of Chicago Teachers Program |
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CPS Teacher Homebuyer Assistance
In addition to the other programs offered to Chicago homebuyers, we have a terrific program that can be used in conjunction with some of our other most popular grant programs and other programs with that require little or no down payment.
Now, qualified CPS teachers can now get up to $7,500 in
homebuyer assistance if they qualify.
Each Eligible CPS Teacher Must Be:
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Mortgage Credit Certificates |
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Mortgage Credit Certificates
We are proud to offer Mortgage Credit Certificates (MCC) in partnership throughought the State of Illinois.
These programs futher the tax benefits of homeownership by utilizing programs at a municipal or state level that reduce your income taxes paid.
These programs are not available via mortgage brokers, but Professional Mortgage Partners has access to these valuable resources.
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IHDA-Illinois Housing Development Authority |
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Illinois Housing Development Authority
This is a 30 Year Fixed Rate program designed to be delivered to Illinois residents at below-market rates. As with all tax-incented programs, there are income and purchase price restrictions.
These programs are not available via mortgage brokers, but Professional Mortgage Partners has access to this 'seamless' program in partnership with the State of Illinois. This means that there is always money available!
Benefits of the program:
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Illinois Assist Bond Program |
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Illinois Assist Bond Program
Within certain counties and cities throughout Illinois, we are pleased to add another first-time homebuyer program.
Benefits of the program:
• A 30 year fixed-rate mortgage at a low rate
• Up to 100% financing
• 4.25% grant at time of closing
• Flexible underwriting requirements
If you are looking in any of the following counties, you should request more information.
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