Is Peoria Housing Authority going to provide me with a loan to purchase a home?
No, The PHA is not a mortgage lender- We provide monthly assistance after your home is purchased.
Will the Peoria Housing Authority help assist with the purchase costs and/or loan qualifications?
The PHA does not provide monies for the purchase. The family will need to qualify and secure the mortgage loan on their own.
I don’t know where to start to get a home loan… Can Peoria Housing Authority help me find a good bank?
Absolutely! Your Homeownership Coordinator is able to assist with preparing to communicate with a bank regarding applying for home loan.
Does Peoria Housing Authority have any scholarships to help with down payments or closing fees?
Unfortunately, The PHA does not have funding available to assist with down-payments or closing costs.
Can I use the Homeownership Program to purchase a rent-to-own property?
No, if you are interested in a Rent-to-Own property, the PHA will not be able to assist through the Homeownership program.
How long does the home-buying process take?
The process for buying a home is a very long process. It can take several months to several years to meet the qualifications for homeownership. Our best advice: Please be patient and trust the process- Your Homeownership Coordinator will be with you every step of the way!
How can I get more information about the program?
To learn more or get started today, please contact our HCV FSS Coordinator, Cameryn Shafar. She can be reached by phone at 309-676-8736 ext. *14104 or by email at email@example.com.