Buying your first home in Montgomery 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 Montgomery real estate experts for first-time homebuyers since 1991.
Buying Your First Home in Montgomery?
Step 1: Get Pre-Approved
We'll connect you with local Montgomery-area lenders to help define your budget early.
Step 2: Build Your Wish List
We’ll help you narrow down the Montgomery 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 Montgomery, 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 Montgomery, IL
What is the average price of a starter home in Montgomery, Illinois?
Starter homes in Montgomery commonly fall in the $250,000 to $350,000 range. The median listing price is about $332,000.
Are there first‑time homebuyer assistance programs in Montgomery?
Yes. Because Montgomery lies in Kane County, first‑time buyers may be eligible for the Kane County First‑Time Homebuyer Deferred Loan Program, which provides up to $10,000 in down payment or closing cost assistance.
Who qualifies for these assistance programs?
Eligibility typically requires being a first‑time buyer, meeting income limits, completing a homebuyer education course, and occupying the home as your primary residence.
Can I combine multiple assistance programs?
Often yes. Many buyers pair county or local programs with state programs like IHDA’s down payment assistance to reduce out-of-pocket costs.
How much down payment is typically required?
Most first-time buyers budget 3%–5% down for conventional loans. Some IHDA and FHA/VA options allow lower down payments (0%–3.5%).
What types of homes are suitable for first-time buyers in Montgomery?
In Montgomery, you’ll find modest single-family homes, townhomes, and smaller detached houses—some newer, some older in stable neighborhoods.
How competitive is the Montgomery housing market?
The market is active. Homes receive multiple offers and often sell in about 48 days.
What are property taxes like in Montgomery?
Property tax rates vary by township and district. Be sure to check the specific taxing bodies associated with any property. (No precise rate found in public sources.)
How long does it take to close on a home in Montgomery?
Typical closings take 30 to 45 days, assuming financing, inspections, and appraisals proceed smoothly.
Do I need a real estate agent to buy in Montgomery?
Yes—and there’s no cost to you as the buyer. A local agent is critical for navigating offers, inspections, contracts, and accessing incentive programs.
Is now a good time to buy in Montgomery?
If your finances are ready, yes. Median home values are rising (~4.1% year over year), and assistance programs can help with initial costs.
First Time Homebuyer Opportunities in Montgomery IL
Why Use The Kombrink Team?
Montgomery First-Time Buyer Guide
Homebuying 101: Your Step-by-Step Guide to Buying a Home in Montgomery, 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
- Montgomery IL first home tips
Our Preferred Mortgage Lenders
Ready to Buy Your First Home in Montgomery?
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.
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