Waterman Bank

Home Purchase Loans and Homebuyer Grants

Home Purchase Loans and Homebuyer Grants

As a new home buyer or repeat homebuyer, there are many options when it comes to financing your home. Between the types of loans available and negotiating your rates and payment options, finding the most suitable home purchase loan takes some work. You need a team of experienced professionals who have your best interests and not a commission in mind.

At Waterman Bank, our goal is to find you the best loan with the most competitive rate and terms so you can move in sooner with less effort. Let us help you navigate the unpredictable housing market and provide you with the safety, security, and peace of mind that comes with closing your loan quickly.

Many homebuyer grants are for New Homebuyers and Repeat Homebuyers.  The grant amount is based on property location and income. 

During our initial Mortgage Budgeting phone call, we will discuss the mortgage process, mortgage options, down payment options, interest rates, homebuyer grant options, and closing costs.

Here are a few of the homebuyer grant programs:

1. 10,000.00 Waterman Bank Grant can go towards downpayment and closing costs.  Income is based on household income and the county buying in. 

https://www.fhlbc.com/docs/default-source/community-investment/affordable-housing-program/hud-income-guidelines/2022-illinois.pdf

2. IHDA. IL Department Housing Department: $10,000.00 and $6,000.00 grants can go towards downpayment and closing costs.  Income is based on household income and the county buying in, too, you can do this one.  Full list:

 https://www.ihda.org/lenders-realtors/lending-programs/

Please let me know when you are ready to schedule your Mortgage Budgeting call?  

For an immediate response and or immediate rate quote, please:

* text (708) 955-3046 OR 
* email: MyMortgageTeam@WatermanBank.com 

We will respond right away to be of help.


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