City of Chicago Bond Program

This mortgage program is a 0-3% Down 30 year fixed loan with a low current rate of 5.96% (6.06% APR) and you will receive up to 4% of the purchase price for closing costs and down payment. There are income and purchase price restrictions based on property address. You must check with us to see if property is located in a targeted area. See charts below for income and price limits: 

Finally, there is a catch. If you sell home within 9 years, there may be a federal recapture tax. Call Gerald Tribuzio at 847.516.5743 or email jtrib@firsthomebuyers.net  for more details.