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

Buying your first home in Plano 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 Plano real estate experts for first-time homebuyers since 1991.

happy first time homebuyers

Buying Your First Home in Plano?

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

Step 2: Build Your Wish List
We’ll help you narrow down the Plano 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 Plano, 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 Plano, IL

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

The average home value in Plano is currently around $298,976, with most starter homes priced between $250,000 and $350,000.

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

Yes. Programs through the Illinois Housing Development Authority (IHDA) offer up to $10,000 in down payment and closing cost assistance for eligible buyers.

Who qualifies for IHDA assistance?

Typically, buyers must meet income limits, be first-time purchasers, plan to occupy the home, and complete a homebuyer education course.

Can I use state assistance along with local grants?

Yes. Many first-time buyers combine IHDA assistance with local or county-based grants to reduce upfront expenses.

How much down payment should I expect to bring?

First-time buyers typically put down 3% to 5% for conventional loans or as low as 0% to 3.5% with government-backed loans like FHA or VA.

What kinds of homes are available in Plano for a first-time buyer?

Plano offers a mix of townhomes and single-family homes, many with modern updates and neighborhood amenities.

How competitive is the housing market in Plano?

Homes in affordable price ranges can go quickly. Having a pre-approval in hand and working with a local agent is key to staying competitive.

How long does it take to close a home in Plano?

Most transactions close in 30 to 45 days, depending on inspections, financing, and contingencies.

What are property taxes like in Plano?

Property tax rates in Plano generally range from 2.0% to 2.5% of the home's assessed value, depending on the local taxing districts.

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

Yes—and it costs you nothing as a buyer. A real estate agent helps you find the right home, negotiate, and manage paperwork and inspections.

First Time Homebuyer Opportunities in Plano IL

Sort by:

New

$349,900

3616 Hoffman Street, Plano

3 Beds 3 Baths 1,604 SqFt Residential MLS® # 12490680

$349,900

$325,000

701 West Charles Street, Plano

3 Beds 2 Baths 1,820 SqFt Residential MLS® # 12490384

$285,000

403 Corri Lane, Plano

3 Beds 2 Baths 1,032 SqFt Residential MLS® # 12473172

$274,500

↓ $5,400

3736 Munson Street, Plano

3 Beds 3 Baths 1,576 SqFt Residential MLS® # 12456779

$274,000

3707 Munson Street, Plano

3 Beds 3 Baths 1,750 SqFt Residential MLS® # 12460537

$267,500

↓ $3,400

302 North Center Street, Plano

3 Beds 2 Baths 1,260 SqFt Residential MLS® # 12458397

$265,000

↓ $10,000

3839 Munson Street, Plano

2 Beds 3 Baths 1,585 SqFt Residential MLS® # 12475751

New

$264,900

18 West Steward Street, Plano

2 Beds 2 Baths 1,205 SqFt Residential MLS® # 12493188

$264,900

↓ $5,000

331 Gregory Lane 331, Plano

2 Beds 2 Baths 1,382 SqFt Residential MLS® # 12466335

$255,000

↓ $4,900

3119 Hoffman Street, Plano

3 Beds 3 Baths 1,768 SqFt Residential MLS® # 12461457

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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."

Plano First-Time Buyer Guide

Homebuying 101: Your Step-by-Step Guide to Buying a Home in Plano, 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
Plano 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 Plano?

^{Plano, 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 Plano, IL? Start Here.

Buying Your First Home in Plano?

First-Time Buyer FAQ for Plano, IL

First Time Homebuyer Opportunities in Plano IL

$349,900

3616 Hoffman Street, Plano

$349,900

405 Cooper Street, Plano

$330,000

508 Ramsden Road, Plano

$325,000

701 West Charles Street, Plano

$285,000

403 Corri Lane, Plano

$274,500

3736 Munson Street, Plano

$274,000

3707 Munson Street, Plano

$267,500

302 North Center Street, Plano

$265,000

3839 Munson Street, Plano

$264,900

18 West Steward Street, Plano

$264,900

331 Gregory Lane 331, Plano

$255,000

3119 Hoffman Street, Plano

Why Use The Kombrink Team?

Trustworthy

Knowledgeable

Attentive

Plano First-Time Buyer Guide

Our Preferred Mortgage Lenders

Preferred Rate

Stonehaven Mortgage

Ready to Buy Your First Home in Plano?

Schedule Your Free First-Time Buyer Strategy Session.