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First Time Home Buyer

First Time Homebuyer

Receive 3% of the purchase price towards your down payment and closing costs with no monthly repayment!
llinois Housing Development Authority (IHDA) is offering 30 year fixed rates and providing down payment and closing cost assistance

  • Qualified 1st time homebuyers only (1st time buyer can qualify if they have not owned a home in the last 3 years)
  • Conventional and FHA loan programs
  • 3% of purchase price (max. amount $6,000) in the form of a 10 year, 0%, non-amortizing loan  
  • Borrower must contribute 1% to the transaction 
  • Purchase price and income limits apply  
  • Military veterans and purchases in targeted areas are exempt from the 1st time homebuyer requirement!
Key Mortgage Services, Inc.
475 N. Martingale Rd, Suite 100, Schaumburg, IL  60173
Office:  (847) 296-5757
Copyright © 2018 Key Mortgage Services Inc., is an Illinois Residential Mortgage Licensee. License #1012 and Wisconsin Residential Mortgage Licensee. License #38345. NMLS# 155748
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