Chicagoland Brokers Inc.
50% Buyer Agent Commission Rebate. Sellers: 3% Total Commission. Chicago Real Estate Agent 480+ SOLD
 
Illinois Down Payment Assistance Programs. Getting An IHDA Loan
Ready to get started? In the following video, you will see how easy the IHDA loan process is and how we helped a family achieve their dream of homeownership. After watching the video, scroll through our current mortgage programs to see which one is most attractive to you.



Home Buying Programs
1ST Home Illinois

If you are interested in buying a home in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties, 1ST Home Illinois is the product for you.  It combines a 30-year fixed rate mortgage with a $7,500 down payment assistance grant. 1ST Home Illinois  is tailored for first-time homebuyers, veterans, or anyone who hasn’t owned a home in the last three years.
The 1ST Home Illinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? 1ST Home Illinois  offers a $7,500 down payment assistance grant. Your contribution is limited to $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your new home.
Offers:
  $7,500 cash grant for down payment and closing costs.
  30-year, fixed rate mortgage with a competitive interest rate.
  Choice of FHA, VA, USDA or Conventional loan type.
Requirements:
  Purchase a one or two unit property in Boone, Cook, DeKalb, Fulton, Kane, Marion, McHenry, St. Clair, Will or Winnebago counties
  First-time homebuyer, veteran or anyone who has not owned a home in the last three years.
  Contribute $1,000 or 1 percent of the purchase price, whichever is greater
  Meet the income and purchase price limits
  Meet the credit requirements
  Live in the home as primary residence
  Complete homeownership counseling (online and in-person options available)
  Property must be an existing residential dwelling (new construction excluded)
  Find IHDA participating lender to guide you through the quick and easy process. Funds are limited so act today. For more information please visit IHDA website

General Information
Illinois Housing Development Authority
401 North Michigan Avenue, Suite 700
Chicago, Illinois 60611
Telephone: (312) 836-5200

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What my clients are saying  

It went extremely well. I give him a grade of A++. He is intelligent, professional, meticulous, energetic, friendly, highly capable, and honest. He also offered a commission rate that was very competitive. If we should need a realtor in the future we will definitely contact Mike.

 

~ William M.

Michael Sorensen is a very professional Realtor, who cares about the quality of the service he provides. We found that his willingness to share his commission with buyers/sellers did not lessen the quality of his service or advice at all. He was quick to respond (day or night), and spent many hours showing us homes, giving us good advice, providing us with great recommendations throughout the process, and making sure we were happy with everything about our purchase even after the transaction closed. Frankly, the only difference in service between Michael and a full-cost Realtor, is that Michael is much more attentive and helpful and shares his commissions at the end. What's not to love about that! We highly recommend Michael Sorensen if you're needing a Realtor in and around Chicagoland.

 

~ Phil R.

Michael was wonderful to work with. He had sold a few other units in the neighborhood and did not disappoint. He was very helpful, professional, and responsive. We had multiple offers immediately after listing and ultimately we sold for much higher than I expected. I would highly recommend him to anyone looking for a realtor!

 

~ Amber B.

Michael is the best in the business! He makes a transaction Stress-free! He’s a pleasure to work with. Extremely responsive. (Will get back to you quickly). He can negotiate a deal with honesty and ease. He has always given me great advice and never steered me in the wrong direction. I will say Michael is a realtor who is 24/7 always ready and willing to be there for you. Michael has done 7 transactions for us and I have been pleased with each and every one.

 

~ Carrie E.

He's one in a million agent; we are lucky to have him as our realty agent. Our family will keep him when it comes to buying & selling. GREAT is the word to describe him & his service. He will go the extra mile for you & treat you like a family.

 

~ Perla Y.

Michael Sorensen has recently sold our house in Chicago. We highly recommend him. Michael is very professional, experienced and knowledgeable. We were well informed all the time through the whole process. Michael Sorensen is the best of the best!

 

~ Christina & Harold C.

We used Michael for our 11th real estate transaction (with 10 in 5 different states) and Michael made the process very easy purchasing in IL for the first time. He is very professional, responsive at all hours of the day, is a great communicator and explained all the IL nuance very well and answered all of our questions throughout the process. He was very flexible for showings and showed us as many houses as we wanted, which we appreciated as we were traveling from out of state. We are confident that he advocated for us through the entire process. We have worked with both full commission and discounted commission realtors and cannot understand why someone would choose a full commission realtor over a discounted commission realtor. Michael's service, responsiveness, assistance, professionalism and knowledge are top notch and he is one of the best realtors we have ever worked with. We will not hesitate to use him again or to refer family and friends to his services as well.

 

~ Tiffany R.

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