For Sale

Do you know someone who is in the market for a newly remodeled, affordable home?

We have extensively remodeled two homes in Oak Park which are ready for First Time Homebuyers. The Homebuyer's contribution can be as little as $1,850. Up to $75,000 in down payment assistance is available to those who earn less than the maximum incomes indicated below. The down payment assistance is a deferred payment loan of 3% APR.

4448 7th Avenue has 2 bedrooms, 1 bath, detached garage and new kitchen is being offered for $198,000. Flyer [PDF, 164 KB]	3533 43rd Street has 2 bedrooms and 1 bathroom and is being offered for $185,000. Flyer [PDF, 170 KB]

This is a sample of how one of these purchases may work for someone you know:

Purchase Price	$185,000.00
Estimated Closing Costs	$5,500.00
Buyer's Contribution	-$1,850.00
Down Payment Assistance	-$75,000.00
Loan Amount	$113,650.00
Estimated Monthly Payment	$972.00

The estimated payment includes Principal, Interest, Property Taxes and Homeowner's Insurance. (Based on a Conventional fixed rate mortgage fully amortized for 30 years, 6.638% APR. Annual property taxes are estimated at 1.25% of the sales price. Homeowner's insurance is estimated at $720.00 per year.)

Maximum Household Income Allowed for the down payment assistance based on household size
One Person Household $51,750.00
Two Person Household $59,100.00
Three Persons Household $66,550.00
Four Persons Household $73,900.00
(Call for Larger Household Income Limits)