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Here in the real worl the median down payment for first-time home buyers is just , according to 20data from the National Association. First-Time Homebuyer @. Illinois has two down payment and closing cost assistance programs: Down Payment. Complete a homebuyer counseling program prior to receiving grant funds.

Funded through Illinois Housing Development Authority (IHDA) for first time. No cash back at closing except for what the Mortgagor paid into the loan . The new down payment assistance (DPA) program is called Step. That program continues to help homeowners throughout the state and now . Buyer must complete the homebuyer education and counseling through NeighborWorks Green Bay.

You DO NOT have to be a first time buyer. How do I qualify for Down Payment and Closing Cost Assistance? If you need help covering your down payment , ask about our Downpayment. The assistance can cover down payment , principle write downs and eligible closing costs identified in a .