Buying a home can be a confusing process. Lakeside provides pre-purchase housing counseling to ensure that each homebuyer can receive objective and impartial information. Our trained counselors can help you understand all aspects of the home purchase process.  We can also help you develop a budget, address credit barriers, evaluate different loan products, apply for first-time homebuyer programs, and much more.

SB 1167 – Predatory Lending Database Program

Lakeside is also an approved participant in the State of Illinois Predatory Lending Database Program. Under this program, persons wishing to originate loans with certain terms and conditions are required to receive loan document file reviews by a qualified and independent counselor. The cost of this counseling session is $300 and is paid for by the originating broker. Payment in the form of a cashier’s check payable to Lakeside CDC must be provided by the broker at or prior to the counseling session.

File review counseling sessions typically last 1-2 hours.

All of Lakeside’s pre-purchase counseling is provided face-to-face. Pre-purchase counseling is FREE to the prospective buyer and confidential. Best of all, because we do not have anything to gain from your decision, you can complete your home purchase plan on your timetable. Our only goal is to help you achieve your home ownership goals.

To learn more, please contact Alma Hernandez, Housing Specialist, at (773) 381-5253.