First Time Home Buyer Program is Changing Lives for Young and Old Alike

2014-11-06 14:22:14 (GMT) (Caymanmama.com - Press Release Real Estate News News)

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First Time Home Buyer Program is Changing Lives for Young and Old Alike

11/06/2014 (press release: KimMurphy) // Lombard, Illinois, DuPage // Kimberly Murphy

When 23 year old Dan Zima got engaged, he wanted to buy a home to start his married life in. In addition to the expenses of planning a wedding, now Dan was trying to stretch his savings to include having a down payment on a home.

When Kim Murphy, a loan officer with 1st Advantage Mortgage, told Dan about the Welcome Home Illinois Program he was excited. This First Time Home Buyer program includes down payment assistance, below-market interest rates, and a variety of loan options to choose from including FHA, Conventional, VA, and USDA. To be eligible for the program, buyers must be first time homebuyers.

With only $1300 out of pocket, Dan was able to buy the perfect starter home in Hoffman Estates. Keeping costs of his mortgage low gave him the money he will need for his upcoming Fall 2015 wedding. The program helped this young soon to be married man make the dream of home ownership a reality.

As we grow older, lifestyle changes can mean moving. Such was the case for 67 year old Harriet Hugo in Schaumburg. Now that Harriet is watching her grandson during the day, she needed more room. The First Time Home Buyer program helped Harriet to get a mortgage for a 2 bedroom condo in Schaumburg. In Harriet’s case, her monthly home loan payments are saving her about $300 per month. That’s more money to help with food, expenses, and spoiling grandkids!

Kim says, “When I say I am your mortgage professional for life I mean it. I stay through the whole process, hold your hand, answer your questions even years later after the loan has closed.”

Kim hosts free workshops educating others on First Time Homebuyers Programs and about Purchasing and Selling a Home. Future workshops will focus on helping people in tough situations like post-divorce, bankruptcy and shortsale/foreclosures to quality for a mortgage.

To learn more about dates for upcoming workshops or find out more about First time home buyer programs, contact Kim Murphy at 1st Advantage Mortgage.

To explore the possibilities of home ownership, take a look at how the First Time Home Buyer program can work with your financial situation to help you buy a new home.


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Press Contact
Kimberly Murphy
Mortgage Specialist
1st Advantage Mortgage
NMLS# 189006
[email protected]
630-235-3917
http://www.1amllc.com/murphy



Social Media Tags:7500, first time homebuyer, home loan, Welcome Home Illinois, IHDA, mortgage, Kim Murphy, 1st Advantage Mortgage, Schaumburg, Hoffman Estates

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