Click here for a printable version of this page.Ready to invest in your first home
but wondering how to make it work financially?
With Just Homes,
you can afford to own your own home in DuPage County.
Here’s how it works:
CHAD purchases single-family homes
and sells them to qualified first-time homebuyers
for 60% of the market value.
You pay
CHAD 60%,
or $120,000 
CHAD pays $200,000
for the property
For example, CHAD would purchase
a $200,000 property and sell the house
to you at 60% of that, or $120,000.
When you are ready to sell
the house, CHAD will pay you 60%
of the property’s current appraised value.
CHAD pays
you 60%,
or $150,000 Property assessed
at $250,000
If your property was later appraised at $250,000, CHAD would buy the house back from you
at 60% of that, or $150,000 —
a $30,000 profit with no Realtor commission!
YOU OWN
You own the house and lease the land from CHAD for $8.33
a month ($100/year).
YOU LEASE
In addition to the land lease, you are also responsible
for expenses and upkeep related to the home.
Click here for an estimation comparing
buying vs. renting a home.
Interested persons simply need to be first-time homebuyers and may need to meet minimum household size requirements for specific properties. A minimum gross income of approximately $37,000 a year is suggested but may not be required in every situation. You must also attend homeownership classes through the DuPage Homeownership Center. Maximum gross incomes must not exceed eighty percent of the median income of DuPage County (see chart below) and are strictly enforced.
