Hello Welcome to my Web site!
Here you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in Cook,Will, Dupage & the Chicago Land area. I service the areas of Worth,Chicago Ridge,Palos Hills, Palos Park, Palos Heights,Oak Forest,Tinley Park, Orland Park, Alsip, Garden Homes, Chicago,Berwyn,Cicero,Lyons, Burbank, Bridgeview& surrounding areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on my web site.
You can search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Illinois area. So whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.
Buyers |
 Whether you're looking for your first home,condo, town home your dream home or perhaps an investment property, Jody Kelly of Coldwell Banker in Oak Lawn is committed to providing you with the highest of service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more. |
Sellers |
 The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. Jody Kelly will guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more. |
Smart Move Mortgage Products offer affordable interest rates and down payment assistance for borrowers of low to moderate income. The programs are ideal for borrowers who need extra flexibility
on sources of income or who have limited funds for down payments and / or closing costs.
Offered exclusively through the Illinois Housing Development Authority
• Offers up to $6,000 in down payment and closing cost assistance
as a 10-year 0-percent forgivable loan
• Maximum LTVs from 96.5 to 100 percent
• Conventional/FHA/USDA insured products available
• Fixed rate with terms up to 30 years
• Reduced mortgage insurance requirements on conventional programs
Mortgage insurance
Mortgage insurance requirements are approximately one-third less than other
conventional products.
LTV RATIO COVERAGE
80.01 — 85% 6%
85.01 — 90% 12%
LTV RATIO COVERAGE
90.01 — 95% 16%
95.01 — 97% 18%
The following are permitted, subject to availability: • Single premium
borrower-financed MI, up to 97% LTV • Split premium (which can be paid with
contribution from seller) • Monthly borrower-paid premium.
Qualifications
• Minimum credit score requirement:
620 (FHA and USDA loans); 660 (conventional loans)
• Maximum total debt (back end) ratio of 45 percent
• Buyer must contribute 1 percent or $1,000 of the purchase price,
whichever is greater
• First-time homebuyer or qualified exemption
• Household income and purchase price limits apply
• Homeownership counseling is required
For more information
To learn more about the SmartMove Mortgage Products, go to www.ihda.org or
call 312.836.5200 to speak with the Homeownership Originations department.
