Ready for Homeownership?

Grant Requirements:

  • Property must be located in Hazel Crest, IL
  • Five-year forgivable grant
  • Conventional financing and participating lenders only
    • FHA, VA, and USDA loans do not qualify
  • Primary residence, one-unit properties
  • Cannot own other residential real estate at closing
  • Funds are limited– first come, first serve
  • The grant amount is based on household income (see AMI chart below)
  • Applicants must complete SSHC’s Homebuyer Education Course and Home Purchase Counseling

How to Get Started:

Participating Lenders:

  • Associated Bank
  • Bank of America
  • BMO Harris Bank
  • Chase
  • CIBC
  • Citi Bank
  • Devon Bank
  • Fifth Third Bank
  • First Savings Bank of Hegewisch
  • Huntington
  • Old National Bank
  • People’s Bank
  • Wintrust Mortgage

Grant Amounts Based on Household Income:

  • Less than 60% AMI: $15,000 Grant
  • 60 – 120% AMI: $10,000 Grant
Household Size:12345678
< 60% AMI$51,060$58,320$65,640$72,900$78,780$84,600$90,420$96,240
< 120% AMI$102,120$116,640$131,280$145,800$157,560$169,200$180,840$192,480