Home Owners?

So I’ve promised a couple people I would update them on our Homestead application process. Now for those of you that are wondering…”what the heck is homestead?” may I suggest going to Homestead. Basically though it is a program for people that fit within a certain income bracket and our interested in purchasing their first home in DuPage county. You get an amazing deal on your mortgage and of course can own a home (without this option we would probably be looking at 2 more years at least!). Pretty cool. So yes, we applied and met with someone from the Homestead program on Wednesday. The meeting went well overall and we have been placed on the “Market Ready” list. This means we can get a realtor, start looking for homes, and apply for a mortgage…with one small catch. Yes, we are in the position to go forward in the home buying process, but Homestead is not quite ready for us. Sounds like there are currently at least 50 other families on the waiting list – ahead of us, and unfortunately there is only grant money (this is why we get such an amazing deal on a mortgage) available for 20-25 of them. The good news…this grant will be made available mid-November and another one will probably be available in March. Thankfully, Homestead will call us in November to let us know where we are at with all of this. So yes, I will keep you posted. For now though, we are going to contact a realtor and see what areas in DuPage would be in our price range and also somewhere we want to live. I’m sure you’ll be hearing more about that in the near future…