BAP Blog Pekin Real Estate-Heartland Bank Offers $6,000 in Downpayment Assistance
Pekin Real Estate-Heartland Bank Offers $6,000 in Downpayment Assistance
0 votes
March 16, 2011, by Brad Barnard

Pekin Real Estate-Sometime within the next 30 days Heartland Bank will have grant funds released from the Federal Home Loan Bank of Chicago for the Downpayment Plus ® Program. The funds are on a first come first serve basis.

 Program Highlights:

 1. Amount for each registered institution is $180,000 (vs $60,000 last year)

 2. $6,000 per grant (vs $4,000 last year)

 3. Homebuyer contribution is $1,000 (vs $750 last year). This can be earnest money, 1st years homeowners premium, etc.

 4. If they live in the house for 5 years, the grant is forgiven. If they sell or it is no longer used as their primary residence the grant funds will be paid back on a prorated basis.

 5. Must complete a homebuyers counseling program.

 6. It is income based. The income charts are not available, but as soon as I do I will put together a chart for those interested.

For a FREE LIST of homes in the Pekin Real Estate market, complete the form below or visit us at www.livinginpekin.com.

 

 

First name*
Last Name*
Address*
City*
Zip Code
Email*
Phone
Price Range*
Desired City*
Comments
Enter the code:
 Reload image
 

Comments
Printer version

Related Posts




Professional development outsourcing company offers web development services. Check out our Real Estate website development project completed.