Program Description:
AEOA's Homeownership Program is designed to promote and encourage homeownership by providing down payment and closing cost loans to income-eligible, qualified buyers.

AEOA conducts a series of Homestretch Workshops, open to anyone interested in learning how to buy a home. It is designed to give prospective homebuyers an understanding and knowledge of:

-How real estate transactions work
-Qualifications of homebuyer financing
-Responsibilities of homeownership

Eligibility:

• Potential buyer must attend the complete series of the Homestretch Workshops.
• Buyer must complete the Homestretch Workshops and 1-on-1 counseling to qualify for AEOA financial assistance
• Potential buyer must qualify for a mortgage.  The Counselor will assist homebuyers in shopping for an appropriate mortgage.
• Family income must be at or below 200% of the federal poverty line in St. Louis, Cook, and Lake County (Please call if you are uncertain that you qualify).
• Potential buyer must be a first-time homebuyer.

Contact:

Diane Bruce
(218) 749-2912 ext. 268
(800) 662-5711 ext. 268
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