Single-Mom Housing

Housing For Single Moms In Illinois Section


Loading...


Any Job, Anywhere, - JOBSBYCITIES .com

Social bookmarking
You like it? Share it!
socialize it


Main Housing For Single Moms In Illinois sponsors

Housing For Single Moms In Illinois
  

Latest Housing For Single Moms In Illinois link added

...

Submit your link on Housing For Single Moms In Illinois!



 

what
job title, keywords
where
city, state, zip
jobs by job search

Welcome to Single-Mom Housing


Housing For Single Moms In Illinois Article

Thumbnail example

This is a selection made from among articles on Housing For Single Moms In Illinois. For a permanent link to this article, or to bookmark it for future reading, click here.

Single Mother: Housing Loan Problems?

from:

The American Dream inspires everyone, especially a single mother. Housing loan problems though may keep her from achieving that dream. Single mothers are the ones in society most in need of good, affordable housing, but in less of a position to get it. Some of the housing loan problems that a single mother can face are: only one income, no credit history, and little or no down payment. There are ways for a single mother to begin to work with these issues years prior to applying for a home loan.

Having Only One Income

In the past, lenders may have been reluctant to only have one signer on the loan; it's now quite a bit more common. The statistics show that more single women are buying houses than single men, so a single mother buying her home is not such an odd occurrence anymore. However, the obstacle of income level is still one that needs to be addressed for a single mother.

Housing loan guidelines say that only 30% of any homebuyer's income should go toward housing expenses. If the income is low a person can be priced out of the market, especially if they are a single mother. Housing loan problems like this though can be finagled if the other two issues, credit and down payment, are beefed up. Also, child support payments can be counted as income when filling out loan applications.

No Credit History

Some women have good employment history and enough income to buy a house but either bad or little credit history. If owning a home is the goal, instead of renting an apartment one can choose to enter into a rent-to-own agreement on a house. This will increase the monthly payment on the housing but a portion of it will go towards a down payment. The fact that a single mother is making payments monthly and on time on a house will help smooth out the process when it comes to closing on the rent-to-own house for a single mother. Housing loans at the end of the renting term will then need to be chosen with a good interest rate to lower the existing payment.

Little Or No Down Payment

The down payment is the biggest outlay of cash when buying a home for a single mother. Housing loans are based on the amount of the initial down payment, which most lenders prefer to be at least 10% of the purchase price of the house. However, as a single mother, you can find programs for first time homebuyers with down payments as low as 3%. Some women's centers even have programs that match a down payment from a single mother to give them an added cushion and lower their monthly payments.

These are probably the top three issues for a single mother. Housing loan requirements can make it a juggling act to have the proper income, credit history and down payment to be approved for a long. However, by working with agencies like HUD and working to strengthen income, credit history, or down payment, a single mother can slowly work her way towards the achievement of the American Dream.

 

Housing For Single Moms In Illinois News

Best free attraction - STLtoday.com


Best free attraction
STLtoday.com
St. Louis Zoo. Where 1 Government Drive, Forest Park • More info 314-781-0900, stlzoo.org. Having visited at least a dozen zoos, we can say with firsthand authority that this zoo is head and shoulders above the rest. Don't just take our word for it: It ...

and more »

Read more...


Why the poor can't be like the rest of us - Quad-Cities Online


Quad-Cities Online

Why the poor can't be like the rest of us
Quad-Cities Online
Medical care (half of all births in Illinois are paid for by Medicaid), housing, welfare, food stamps and other benefits are almost automatically available to the new single mother, as I understand it. Such a life might not be good, but it might be ...

Read more...


Jim Nowlan: Why can't they be like me? - Kankakee Daily Journal


Kankakee Daily Journal

Jim Nowlan: Why can't they be like me?
Kankakee Daily Journal
Years ago, I volunteered in a program for single mothers who were required to work or further their education in order to qualify for welfare benefits. The situations of the mothers were generally desperate. Having a child out of wedlock wasn't the ...

Read more...


YWCA event raises funds for area women and children - WGEM


WGEM

YWCA event raises funds for area women and children
WGEM
The U.S. Department of Housing and Urban Development grant provides 80 percent of the program's funding. The YWCA must raise the other 20 percent. Betsy Wert, the chairperson of the event, says this is the first year they will be honoring a man at the ...

Read more...


Tornadoes rip through parts of Midwest; 2 killed - CNN


6abc.com

Tornadoes rip through parts of Midwest; 2 killed
CNN
In Fairdale, nearly 20 homes were leveled, Connell said. "We hope and pray that that is all," Gov. Bruce Rauner said Friday. "We're very blessed that more people were not hurt." Ogle County Sheriff Brian VanVickle's house in Rochelle, Illinois, was a ...
Hail, high winds, tornadoes possible for Midwest on Thursday6abc.com
'EF-4′ tornado hits northern Illinois community, 2 killed and disaster ...FOX31 Denver
Second Illinois tornado death confirmedFox17
Chron.com -CBS News -Chicago Tribune
all 3,051 news articles »

Read more...


Cindy Lange-Kubick: Loving her ladies and keeping them lovely for 52 years - Lincoln Journal Star


Lincoln Journal Star

Cindy Lange-Kubick: Loving her ladies and keeping them lovely for 52 years
Lincoln Journal Star
Bonita opened that first shop in 1963, a single mom working long hours, living in an apartment above with her daughter, Kitty Sue, a girl who grew to love the smell of hairspray rising from below. Her clients came from the neighborhood, and later from ...

Read more...


District officials decry disabled parking fraud, but have failed to fix it - Washington Post


District officials decry disabled parking fraud, but have failed to fix it
Washington Post
To the right, the 10-story glass Constitution Center, which houses the Office of the Comptroller of the Currency. D.C. parking enforcement ... Some places, such as Illinois, have largely ditched free parking but allow exceptions for many in wheelchairs ...

and more »

Read more...