The Illinois Housing Development Authority (IHDA) is extremely proud to announce to Illinois military families an exclusive, comprehensive finance package of $10,000 in down payment assistance, 1st mortgage product, and a mortgage credit certificate together! The Welcome Home Heroes program is open to all qualified Illinois veterans, active military personnel, reservists and Illinois National Guard members.
The financing package includes:
•A $10,000 forgiveable loan over two years for down payment and closing cost assistance
•A 30-year fixed rate mortgage that has an affordable interest rate (4% as of 12/14/11)
•An optional mortgage credit certificate to reduce federal income tax liability
Learn more about the program