Assistance available for first time homebuyers

  • Schaumburg-based nonprofit North West Housing Partnership will host a Homebuyer Workshop Saturday, Dec. 17.

    Schaumburg-based nonprofit North West Housing Partnership will host a Homebuyer Workshop Saturday, Dec. 17. Courtesy of North West Housing Partnership

 
Submitted by VP Public Relations
Updated 12/14/2016 12:03 PM

Schaumburg-based nonprofit North West Housing Partnership will host its monthly Homebuyer Workshop Saturday, Dec. 17.

The workshops are free and provide information about mortgages, contracts, homeowner's insurance, home inspections and a variety of other topics to educate first time homebuyers about the process of purchasing a home. The information is presented by speakers throughout the day.

                                                                                                                                                                                                                       
 

Once the workshop is completed, attendees will receive a certificate that enables the buyer to apply for down payment and closing cost assistance programs.

Barrington Bank and Trust, a Wintrust Community Bank, recently began to offer this type of assistance for homes purchased in one of the following townships: Barrington, Palatine, Schaumburg, Ela, Hanover or Cuba.

Buyers are required to meet certain income guidelines to qualify for the assistance.

The workshop will be from 9 a.m.-3 p.m. Saturday, Dec. 17, at NWHP, 1701 E. Woodfield Road, Suite 312, in Schaumburg. Lunch is provided at no cost to attendees.

Registration is required. Contact NWHP at (847) 969-0561 and visit www.NWHP.net for information about the homebuyer workshop, and the down payment and closing cost assistance programs available.

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