Our Mission is to provide the communities we serve homeownership education and professional counseling to purchase a home, refinance an existing home, obtain a HUD Insured Reverse (HECM) Mortgage or to prevent foreclosure. We are a HUD Approved Housing Agency serving people since 1994.
Mortgage Education Foundation
Homeownership Counseling and Learning Center
We offer FREE foreclosure prevention services for homeowners located in Northern Illinois. There are many programs from the federal government and private concerns that may be able to assist you. Click Here To Visit Foreclosure Prevention Learning Page
The federal government introduced this program through the Federal Housing Administration - HUD to assist Americans to purchase housing that experienced unavoidable financial hardships due to economic reasons. In our view this often under used program is a valuable asset to housing recovery in the United States. Click Here To Visit FHA Back To Work Learning Page
What is Anti-Predatory Lending? This is a State of Illinois law for 1 to 4 unit owner occupied properties located in Cook, Will, Kane or Peoria Counties. The Illinois legislature passed what is commonly referred to as SB1167 to protect consumers from predatory lending. Click Here To Visit Our SB1167 APLD Learning Page
First Time Buyers counseling is especially important for new home buyers. There are also some grant programs or other types of specialized lending programs that require first time buyers to obtain counseling before they can close on the home of their dreams. Click Here To Visit Our First Time Buyers Learning Page
A reverse mortgage, also called Home Equity Conversion Mortgages (HECM), is a loan against your home that you do not have to pay back for as long as you live there. It allows senior homeowners (age 62 or older) to turn their home’s equity into available cash. Click Here To Visit Our FHA Reverse Mortgage Learning Page