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How to use or fill out Assets Illinois Homeownership Participant Agreement
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Click ‘Get Form’ to open the Assets Illinois Homeownership Participant Agreement in our editor.
Begin by entering your savings goal for your Asset$Illinois Homeownership Account in the designated field. This amount should reflect your target savings of $2,000.
In the next section, confirm your understanding of the program's match rate and requirements by initialing where indicated. Ensure you acknowledge that all savings must come from earned income.
Specify your monthly savings goal amount in the provided space. Remember, this will be swept from your primary checking account as per your arrangement with the Project Director.
Review and initial the terms regarding withdrawals and penalties for insufficient funds. It's crucial to understand these conditions to maintain eligibility.
Complete the beneficiary designation section by providing their name and Social Security Number, ensuring they meet eligibility criteria.
Finally, read through the agreement carefully before signing and dating it at the bottom of the form. This confirms your acceptance of all terms outlined.
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Commitment to Purchase Financial Instrument and HFA
This Commitment to Purchase Financial Instrument and HFA Participation Agreement (the. Agreement) is entered into as of the Effective Date (defined below)
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