Streamwood, IL

Looking for Zero down, Low down or 100% financing in the Streamwood IL area?

Zero down or 100% financing loans still exist in the Streamwood area. Most people will say it is not out there, but rest assured it is! You have just to know where to find it and how to make it work.

More and more homes are now being financed FHA. There are many great features of an FHA loan, but one of the most important is the flexibility of the 3.5% down payment. It can come from many sources as long as it is documented and structured properly.

Many Down Payment Assistance (DPA) programs have been instituted and approved by FHA to help borrowers achieve their home ownership dream. You may have heard that FHA DPA programs are no longer allowed. This is only partly true. 'Seller Funded' DPA programs like Nehemiah and Ameridream are no longer available, there are still many forms of FHA down payment assistance that are alive and well! Like I've said before, you just have to know where to find them and how to make them work.

I have spent quite a bit of time researching the many different programs and methods of low down payment financing available to my buyers.

Gift Funds

FHA will allow the down payment to come in the form of a gift from a family member, family friend and in some cases an employer. While this option is easy, there is a very specific procedures and documentation required by FHA for the gift funds to be used. A qualified, experienced FHA lender is vital to your transaction so that the process is executed smoothly.

Community Grant Programs

This is a great secret that I'll let you in on! There are many Community Grant Programs that are already in existence and ready to be utilized now! A Grant is a non-repayable gift that is used for the down payment and in some cases closing costs. Many of these programs are funded by municipalities to promote home ownership in their village. Each program has different qualifications, guidelines and procedures. Some programs assist teachers, police, fire and disabled citizens. Certain Grant Programs do have income restrictions and qualifying restrictions that may or not apply to you. Home inspections must be done and paid for by the buyer directly and any home that was built prior to 1978 must undergo a lead based paint inspection that the village will pay for.

Many programs also might require that the Mortgage Lender and/or Real Estate Agent be registered before they can offer them to their clients on their home purchase. It is important to find a Lender and Agent that have access to all of these programs. This will ensure that you have as many options as possible!

#1 You
#2 Experienced FHA Lender
#3 Experienced Agent like Lyn = New home!

Now you can see that there are still many, many options for 100% financing, Zero Down, Low Down on your next Roselle Area home purchase. With prices low and all the great deals out there, now is a great time to buy!

Let's talk about a 'Game Plan' for you!

Lyn Sims (847)230-7324 at RE/MAX Suburban

I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Streamwood, Bartlett, Schaumburg, Hoffman Estates, Elk Grove Village, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Hanover Park, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Zero Down, Low Down, 100% financing - 2008 Lyn Sims and TheBlogDog.net

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson

Streamwood Real Estate

Dennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends. Below, at the end of the page you will find Streamwood real estate statistics for the last 12 months as of November 19, 2008.

To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=active

If you would like a free list of homes for sale in this area/neighborhood or would like more information about Streamwood, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=search&selected=qck&mode=N&acc=32722&s=active

Dennis Toomey

RE/MAX Territory

847-338-0180

http://www.housebyzip.com/

dtoomey@remax.net

Streamwood Real Estate Market Conditions

Market Statistics Criteria Status: Active, Back on Market, Contingent, New, Price Change, Re-activated, Temp Off Market, Pending, Closed, Expired Area: Streamwood Property Type: Detached Single, Attached Single Months Back: 12 Months

Active Listings

Detached Single

Bedrooms # Active Avg. LP Avg. MT All 293 $250,767 184 2 or Less 2 $224,950 173 3 190 $216,201 176 4 82 $310,903 202 5 or More 19 $339,603 194

Attached Single

Bedrooms # Active Avg. LP Avg. MT All 217 $198,211 179 None 1 $87,900 321 2 or Less 114 $171,942 162 3 100 $230,078 199 4 2 $157,400 91

Off-Market Listings

Detached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 225 62% $242,719 $232,527 96% 149 $281,749 36% 2 or Less 5 71% $179,610 $170,200 95% 171 $142,450 29% 3 138 61% $212,394 $203,367 96% 142 $234,894 37% 4 71 65% $292,960 $281,580 96% 164 $391,174 32% 5 or More 11 55% $327,573 $310,073 95% 122 $308,822 45%

Attached Single

Bedrooms # Sold % Sold Avg LP (Sold) Avg SP SP:LP Ratio Avg MT (Sold) Avg LP (Unsold) % Expd All 196 61% $192,529 $184,134 96% 133 $197,251 35% 2 or Less 108 63% $169,733 $162,626 96% 115 $170,975 35% 3 81 58% $222,578 $212,415 95% 156 $225,563 35% 4 7 70% $196,529 $188,714 96% 131 $201,000 20%

Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area. If you need someone to help you find the perfect property, please call me at (630) 707-4734. I am more than happy to help. Greg Wilson

Greg Wilson | 1st Cornerstone Realty | greg.wilson@1stcornerstonerealty.com | (630) 707-4734 1446 Freeland Avenue, Calumet City, IL Totally remodeled. Above ground pool and fence. Bring all offers! 3BR/1BA Single Family House offered at $122,900 Year Built 1956 Sq Footage 1,010 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 7,276 sqft HOA/Maint $0 per month DESCRIPTION TOTALLY REMODELED!!! NEW KITCHEN, NEW BATHROOM, FRESHLY PAINTED. CENTRAL AIR, NEW BOW WINDOW, 21 FT ABOVE GROUND POOL, STORAGE SHED(10x8), FENCED YARD, ALARM SYSTEM. OWNER COULD ONLY FINISH 90% OF THE REMODEL. NEEDS BASEBOARDS ABD A FEW OTHER TOUCHES BUT IS READY TO MOVE IN AND CALL YOUR OWN. EASY TO SHOW! GREAT LOCATION NEAR POOLS AND PARKS! WALKING DISTANCE TO SCHOOLS AND SHOPPING. see additional photos below ADDITIONAL PHOTOS Seller contact info: Greg Wilson 1st Cornerstone Realty greg.wilson@1stcornerstonerealty.com (630) 707-4734 For sale by agent/broker Equal Opportunity Housing Posted: Nov 16, 2008, 10:55am PST

Greg Wilson | 1st Cornerstone Realty | greg.wilson@1stcornerstonerealty.com | (630) 707-4734 1446 Freeland Avenue, Calumet City, IL Totally remodeled. Above ground pool and fence. Bring all offers! 3BR/1BA Single Family House offered at $122,900 Year Built 1956 Sq Footage 1,010 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 7,276 sqft HOA/Maint $0 per month DESCRIPTION TOTALLY REMODELED!!! NEW KITCHEN, NEW BATHROOM, FRESHLY PAINTED. CENTRAL AIR, NEW BOW WINDOW, 21 FT ABOVE GROUND POOL, STORAGE SHED(10x8), FENCED YARD, ALARM SYSTEM. OWNER COULD ONLY FINISH 90% OF THE REMODEL. NEEDS BASEBOARDS ABD A FEW OTHER TOUCHES BUT IS READY TO MOVE IN AND CALL YOUR OWN. EASY TO SHOW! GREAT LOCATION NEAR POOLS AND PARKS! WALKING DISTANCE TO SCHOOLS AND SHOPPING. see additional photos below PROPERTY FEATURES Central A/C Central heat High/Vaulted ceiling Living room Dishwasher Yard Swimming pool COMMUNITY FEATURES Garage parking Swimming pool(s) OTHER SPECIAL FEATURES Near Schools and parks. Walking Distance to shopping. ADDITIONAL PHOTOS Seller contact info: Greg Wilson 1st Cornerstone Realty greg.wilson@1stcornerstonerealty.com (630) 707-4734 For sale by agent/broker Equal Opportunity Housing Posted: Nov 16, 2008, 10:55am PST