When the Federal Government offers government grants for first time home buyers, it means that these appropriations are available to those households that have never owned a home previously or have not owned a home within the last three years from the date of the grant application.
· Are you a first-time home buyer in Illinois? Take advantage of these Illinois first-time home buyer programs, as well as national home buyer programs.. So long as you live in the home for at least five years, the grant is forgiven. The only catch for 1stHomeIllinois is that you must be buying a home in Boone, Cook, DeKalb, Fulton, Kane.
"Most first-time homebuyer grants are income dependent and location specific," said Hillary Legrain, Esq., Vice President of First Savings Mortgage Corporation. There are very few first-time homebuyer program options at the national level.
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