- Down Payment Grants

There are many institutions available to assist homebuyers with the home loan process, one of which is The Partners in Charity Program or PIC. Provided that the homebuyers meet two conditions PIC will gladly give the borrowers a gift equal to 3%, 4%, or 5% of the final sale price of the home in Illinois. These funds are intended to be used to cover the down payment and closing costs of your Illinois mortgage. The criteria that need to be met are as follows: (1) The homebuyer needs to qualify for one of the many eligible home loan programs (2) The homebuyer must complete an Illinois Home Ownership Counseling Course. When the criteria are met and the gift has been given to the home buyers they do not need to worry about repayment and this gift can be used for most types of homes in Illinois. Your Illinois mortgage broker at IL Mortgage Loan .com will be able to assist you in choosing a home loan program and appropriate Counseling Course. For more information contact: IL Mortgage Loan .com: 847-619-0255 Partners in Charity, Toll-Free: 800-705-8350.

Low Down Payment Qualifications
Down Payment Loans & Gifts
Down Payment Grants
Mortgage Insurance Information

- Welcome to IL Mortgage Loan .com

IL Mortgage Loan .com offers all the information you need to help you in obtaining a home loan or mortgage in the state of IL. IL Mortgage Loan .com is locally owned and operated to ensure you a friendly and hospitable environment, therefore IL Mortgage Loan .com is IL's professional mortgage broker of choice. We are also licensed to provide IL mortgages and home loans, IL jumbo loans, stated income and self employed in IL, IL second mortgages and IL refinance loans, IL fixed rate mortgages, IL Debt Consolidation loans, and home mortgage loans in IL.

- We Help those who have trouble Stating Income

Stated income home loans allow those who are self employed or do not have documentation of their earnings, to state a wage and qualify for a mortgage based on that stated income. The advantages of a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional home loans. The disadvantages of this type of loan are that interest rates and the required down payments are often higher than with traditional home loans. Call one of our mortgage professionals at IL Mortgage Loan .com to find out if a Stated Income Mortgage is the right option for you and your needs.

More Stated Income Information

- Real Estate for IL

At IL Mortgage Loan .com we offer mortgage and real estate in these areas listed, we work for the whole state of IL, so if the area you are searching for is not on the list below then call one of our mortgage and real estate experts at IL Mortgage Loan .com for more information.

Chicago Real Estate
Springfield Real Estate
DeKalb Real Estate
Rockford Real Estate
Schaumburg Real Estate
Evanston Real Estate
Aurora Real Estate
Lombard Real Estate
Oak Brook Real Estate