Posts from January 18th, 2012
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18
Funds Available for Military Homebuyers in Illinois
A new financing package is being offered to help all qualified Illinois veterans, active military personnel, reservists and Illinois National Guard Members with the purchase of a home. The financing package, Welcome Home Heroes, through the Illinois Housing Development Authority provides qualified veterans or active reservists a $10,000 forgivable loan over two years for down payment and closing cost assistance, 30-year fixed rate mortgage that has an affordable interest rate and an optional mortgage credit certificate to reduce federal income tax liability. "This is a great program that all service personnel should take advantage of," said Jane Schneider, President of 1862 Mortgage, an IHDA approved lender offering the package. "Time is of the essence, as only $10 Million total is available." The Welcome Home Heroes financing package is designed to assist qualified Illinois veteran...
