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Chicago Home Buyers Loans, Chicago Mortgages and Financing Options

Chicago City Mortgage Program

Giving low-income borrowers a step up by offering the City Mortgage Program, Chicago helps first time home buyers with a 4% gift from the city of Chicago and low interest fixed-rate Chicago mortgages. Find out more about how the city of Chicago will help you in the purchase of your first Chicago home. The City Mortgage Program is made available through the City of Chicago’s Department of Housing. This is an agreement with the City of Chicago and the Federal Government to save Chicago residents tax dollars...MORE 

TaxSmart Loan Program

Aiming to increase home ownership in Chicago and rehabilitation of existing neighborhoods, the TaxSmart Program helps Chicago home buyers save an average of $2,000 per year! Learn MORE

Pledged Asset Loan Program

Utilizing the assets of borrowers, such as stocks or businesses, the Pledged Asset Program allows higher-income families to forego a down payment on their Chicago home purchase. This is a sound investment for anyone that earns more interest on their assets than the interest on their loan...MORE

Ameridream & Nehemiah Loan Programs

As two charitable, non-profit organizations, Ameridream and Nehemiah help offer low-income families a chance at the American dream: home ownership. Both organizations have helped hundreds of thousands of Americans in the purchase of their home with a down payment gift...MORE

Buying Real Estate with No Money Down

Advertisements constantly hammer us with the fact that anybody can qualify for a mortgage with no money down. Buying real estate can and should be a quality financial investment. Purchasing a piece of real estate, whether as the primary residence or as an investment property with zero money down can be either a very smart move or a very dumb move depending on how the real estate investment is handled...MORE

Types of Chicago Home Loans 

Learn some of the common mortgage terms used today and how to determine what loan is right for you.  

How Much Home Can You Afford

Many real estate investors who are purchasing a home for the first time have no idea exactly how to figure out how much house is enough, and how much is too much. There are some key points to take into consideration when purchasing a home. The first time investor will need to examine their budgets, their finances and the potential real estate assets closely in order to be able to make an informed investment decision...MORE

How Financing Affects the Real Estate Market

Financing is a key factor in real estate investments. Mortgage rates, prime interest rates and other factors regarding the mortgage or home loan will all help to decide whether or not the potential real estate investor is capable of obtaining a property, whether for their primary residence or as a rental investment. All of these investment variables are directly related to financing...MORE

Factors that Determine Loan Approval

A FICO score is a credit score developed by Fair Isaac & Company to help lenders determine the risk involved in lending money to any person applying for a loan. It is widely accepted by lenders as one of the most important components helping determine eligibility as well as specific amounts, rates and terms that can be offered. FICO scores range from 300-850. The higher your score, the less risk involved in lending to you...MORE

Getting Pre-Approved

Most of us have spent a great deal of time imagining our dream home; the yard full of roses encased by a white picket fence, the elegant staircase climbing around and around, the large kitchen with marble countertops, the master bath with it's Jacuzzi tub surrounded by candles, and the waterfall pouring gracefully into the marvelous clear blue pool...MORE

Apply Online

Getting pre-approval from a bank or other financial institution is imperative before beginning the search for a home. It is important to understand the price range you're able to afford and specific aspects of your financial situation that may determine your eligibility...MORE

 

 



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Copyright © 2007 Professional Mortgage Partners, In.

The City Mortgage Program is made available through the City of Chicago’s Department of Housing

 

 

 

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