IHDA's Welcome Home Illinois Program Closing November 30th
Since its inception, more than 10,000 first time home buyers in Illinois have taken advantage of the Illinois Housing Development Authority's (IHDA) Welcome Home Illinois Program's generous $7,500 down payment assistance and 5 year forgiveness period. But, the funds for the program are nearly exhausted.
IHDA is confident they will be able to honor all funds reserved through November 30, 2014 but reserves the right to close the program earlier if fund reservations increase and exceed the funds available. Act now to reserve your funds!
IHDA's other down payment assistance programs will continue to be available after November 30th. Most programs are available only to 1st time homebuyers. But, qualified veterans need not be 1st time homebuyers and there are programs in specific areas without this requirement.
Contact me for more information on IHDA or any other mortgage programs at barkerloans@gmail.com or 708.473.7688.
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