The village of Romeoville announced it is offering assistance to those looking to purchase a home.
In association with many other Illinois communities, the village offers two ways to help people to buy a home, according to a news release.
The Assist Homeownership Program provides home buyers with a below-market fixed-rate mortgage and funds to pay all or most of their closing costs and down payment. The Mortgage Credit Certificate program reduces the buyer's ongoing cost of borrowing. Both programs are meant to help low to moderate income families.
“Many people dream of owning a house,” Mayor John Noak said in the release. “These programs can help make that dream a reality. We want to be sure people know about the assistance that is out there and available to them.”
Those wishing to apply must meet certain qualifications including:
• Meet the income and purchase price requirements
• Have not owned a home in three years
• Meet the qualifying requirements for a mortgage loan
• Will use the homes as their principal residence
• Will use the program for a home purchase, not refinance
For more information on the assistance program and how to apply, visit romeoville.org/214/homebuyer-assistance.