I live in the Chicago area and I am looking for 1st time buyer programs to purchase a home?:confused:

These links may be helpful. In KY where I live, there was a FHA loan option that helped us purchase our first home that I learned about through the housing authority website. WE got the lowest rate available even with some past credit problems and we only had to have 3% down which helped. Good luck! :)

The Illinois Housing Development Authority (http://www.ihda.org/)
Plenty of down-payment assistance is available if you search | Chicago Tribune (http://www.chicagotribune.com/classified/realestate/financing/chi-0602050218feb05,0,4496712.story?coll=chi-classifiedfinancing-hed)

Oh! And I should add that it was a 30 year fixed, not an ARM... dont think you can't get a fixed loan, because you can... and the FHA is not a stressful as it used to be because there are no inspections required like there used to be...

Your local real estate professions keep up with all of the current programs

SHould you need any further guidance on first time home buyer programs, take a look at Chicago First Time Home Buyer Programs (http://www.chicagomortgagefinance.com/financing/first_time_homebuyer) . Call if you still have questions.

We offer several Chicago first time home buyer (http://www.ameristarmadison.com/first_time_home_buyer_wisconsin/index.htm) programs including Chicago FHA (http://www.ameristarmadison.com/government_loans/fha_wisconsin/index.htm), VA loans (http://www.ameristarmadison.com/va.htm), My Community Mortgage (http://www.ameristarmadison.com/wisconsin_illinois_my_community_mortgage/index.htm), no money down loans (http://www.ameristarmadison.com/100percentfinancing_no_money_down/index.htm), jumbo (http://www.ameristarmadison.com/wisconsin_jumbo_mortgage_loans/index.htm) and many others.

Dennis Hardy
Ameristar Mortgage
877-240-5840 x23
[email protected] (mailto:[email protected])
www.AmeristarMadison.com (http://www.ameristarmadison.com)