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State of Illinois launches assistance initiative to help first-time homebuyers

State of Illinois launches assistance initiative to help first-time homebuyers

The Access Home program offers those who are eligible up to 15-thousand-dollars for a down payment or closing cost assistance. The program is designed to help more working families buy homes amid rising housing costs. In Cook County, Access Home is available for first-time homebuyers who earn up to $137,885--pending their household size. The assistance is provided as a zero-percent second mortgage and repayment can be deferred up to 30 years unless the house is sold or refinanced. More information can be found online at ihdamortgage.org.

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