First-Time Homebuyer in Elmhurst, IL – Free Guide & Expert Tips

Buying your first home in Elmhurst doesn't have to be overwhelming.

At The Kombrink Team, we make the process simple, smart, and stress-free—from your first showing to the final signature. Your Elmhurst real estate experts for first-time homebuyers since 1991.

happy first time homebuyers

Buying Your First Home in Elmhurst?

Step 1: Get Pre-Approved
We'll connect you with local Elmhurst-area lenders to help define your budget early.

Step 2: Build Your Wish List
We’ll help you narrow down the Elmhurst neighborhoods, schools, and commute times that best fit your lifestyle.

Step 3: Tour With Confidence
We point out resale potential and dealbreakers—not just the pretty stuff.

Step 4: Make a Competitive Offer
In a market like Elmhurst, you need a strategy. We know how to win the home without overpaying.

Step 5: Close With Ease
No last-minute surprises—just keys, smiles, and a smooth closing.

First-Time Buyer FAQ for Elmhurst, IL

What is the average price of a starter home in Elmhurst, Illinois?

Starter homes in Elmhurst typically range from $400,000 to $550,000, depending on the neighborhood, lot size, and condition.

Are there first-time homebuyer assistance programs available in Elmhurst?

Yes. Buyers may qualify for state-level IHDA grants, Cook County programs, and possibly city-level incentives for down payment or closing cost assistance.

Who qualifies for homebuyer assistance in Elmhurst?

Typically, eligibility requires you to be a first-time buyer, meet income thresholds, complete a homebuyer education course, and plan to occupy the home as your primary residence.

Can I combine multiple assistance programs?

Absolutely. Many buyers stack IHDA grants with Cook County and regional programs to minimize upfront costs.

How much do I need for a down payment in Elmhurst?

Most buyers put down 3%–5% on a conventional loan, or as little as 0%–3.5% using FHA or VA financing.

What types of homes are suitable for first-time buyers in Elmhurst?

Elmhurst offers charming single-family homes, townhouses, and occasionally condos—many near parks, schools, and the downtown area.

How competitive is the Elmhurst housing market?

The market can be competitive, especially in the entry-level price range. Being pre-approved and working with a local agent gives you a strong advantage.

How long does it take to close on a home in Elmhurst?

Most transactions close in 30 to 45 days, provided that inspections, appraisal, and financing proceed smoothly.

What are property taxes like in Elmhurst?

Property taxes typically range from 2.0% to 2.3% of assessed home value, depending on the school district and township.

Do I need a real estate agent to buy in Elmhurst?

Yes—and it doesn't cost you a thing as the buyer. A knowledgeable local agent will guide you through the process and help you access assistance programs.

Is Elmhurst a good place for first-time homebuyers?

Yes! Elmhurst is known for its excellent schools, vibrant downtown, walkability, and convenient commuter access, making it a popular pick for new homeowners.

Can I still buy a home if I have student loan debt?

Absolutely. Lenders primarily consider your debt-to-income ratio, so having student loans won’t automatically disqualify you.

What other costs should I plan for when buying in Elmhurst?

Besides your down payment, budget for closing costs (2–5%), home inspection and appraisal fees, insurance, and possibly HOA dues.

What’s the difference between pre‑qualification and pre‑approval?

Pre‑qualification gives a rough estimate. Pre‑approval means a lender has verified your financials, making your offer much stronger.

Is now a good time to buy in Elmhurst?

If you’re financially ready, yes. Elmhurst offers stable home values, great schools, and strong long-term investment potential.

First Time Homebuyer Opportunities in Elmhurst IL

Sort by:

$550,000

$539,900

696 South Parkside Avenue, Elmhurst

4 Beds 2 Baths 2,385 SqFt Residential MLS® # 12445802

New

$525,000

694 South York Street, Elmhurst

3 Beds 2 Baths 1,613 SqFt Residential MLS® # 12501143

$525,000

↓ $25,000

145 South York Street 322, Elmhurst

2 Beds 2 Baths 1,320 SqFt Residential MLS® # 12495430

$519,000

728 North Parker Street, Elmhurst

4 Beds 3 Baths 1,850 SqFt Residential MLS® # 12451565

$514,900

145 South York Street 404, Elmhurst

2 Beds 2 Baths 1,218 SqFt Residential MLS® # 12497819

$499,900

↓ $25,100

515 South Parkview Avenue, Elmhurst

3 Beds 2 Baths 1,235 SqFt Residential MLS® # 12480229

$499,900

↓ $75,000

333 East Huntington Lane, Elmhurst

3 Beds 3 Baths 1,244 SqFt Residential MLS® # 12503043

$487,000

675 South Edgewood Avenue, Elmhurst

3 Beds 2 Baths 1,614 SqFt Residential MLS® # 12499847

$480,000

444 East Schiller Street, Elmhurst

3 Beds 1 Bath 1,155 SqFt Residential MLS® # 12480717

1 2 3 4

Why Use The Kombrink Team?

^{Just a few of the reasons...}

✅ Trusted and Proven – Over 900 5-star reviews and an A+ rating with the BBB means you're in experienced, reliable hands.
✅ Full-Time Agents, Full-Time Support – Our dedicated team of 6 full-time Realtors is always available to answer your questions (yes, even the "silly" ones).
✅ We Speak First-Time Buyer – No jargon, no pressure—just clear, honest advice to help you make smart decisions.
✅ We Give Back – A portion of every home sold supports the Children’s Miracle Network and other local causes.

^{Cindy Loppnow}

Trustworthy

"Always puts our best interests up front, building trust from the beginning."

^{Bernadette Sweeney}

Knowledgeable

"His real estate knowledge is why we continue to use him over the years."

^{Hannah Swegarden}

Attentive

"Took the time to chat with us about our needs and wants."

Elmhurst First-Time Buyer Guide

Homebuying 101: Your Step-by-Step Guide to Buying a Home in Elmhurst, IL

Our free buyer guide includes:

What questions to ask your lender
The full homebuying timeline—from pre-approval to keys
Hidden costs to budget for
A checklist of must-have documents
Elmhurst IL first home tips

Our Preferred Mortgage Lenders

^{Claudio Prunotto}

Preferred Rate

As an experienced Senior Mortgage Advisor I am here to provide personalized solutions to suit your needs. I know financing can be an intimidating experience for a lot of people, that's why I strive to provide the highest level of customer satisfaction. I will be with you every step of the way until your loan is funded.

Visit me online

^{Jon Altizer}

Stonehaven Mortgage

As a Sr. Loan Officer, I leverage my 28+ years of experience and expertise in residential mortgage financing to provide the best service, rates, and fees for my clients. I have a proven track record of originating loans for first-time home buyers, conventional and jumbo borrowers, investors, and refinancers, as well as offering programs to meet specific needs.

Visit me online

Ready to Buy Your First Home in Elmhurst?

^{Elmhurst, Illinois}

You don’t have to do this alone.
Whether you're just starting to browse or ready to tour homes, we’re here to guide you with expert local knowledge and a proven process.

Schedule Your Free First-Time Buyer Strategy Session.

Or reach us directly at 630-402-0021.

First-Time Homebuyer in Elmhurst, IL? Start Here.

Buying Your First Home in Elmhurst?

First-Time Buyer FAQ for Elmhurst, IL

First Time Homebuyer Opportunities in Elmhurst IL

$550,000

769 South Fairview Avenue, Elmhurst

$550,000

724 Junior Terrace, Elmhurst

$549,900

593 South Edgewood Avenue, Elmhurst

$539,900

696 South Parkside Avenue, Elmhurst

$525,000

694 South York Street, Elmhurst

$525,000

145 South York Street 322, Elmhurst

$519,000

728 North Parker Street, Elmhurst

$514,900

145 South York Street 404, Elmhurst

$499,900

515 South Parkview Avenue, Elmhurst

$499,900

333 East Huntington Lane, Elmhurst

$487,000

675 South Edgewood Avenue, Elmhurst

$480,000

444 East Schiller Street, Elmhurst

Why Use The Kombrink Team?

Trustworthy

Knowledgeable

Attentive

Elmhurst First-Time Buyer Guide

Our Preferred Mortgage Lenders

Preferred Rate

Stonehaven Mortgage

Ready to Buy Your First Home in Elmhurst?

Schedule Your Free First-Time Buyer Strategy Session.