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Ill. housing agency sees record number of buyers

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SPRINGFIELD, Ill. (AP) _ The Illinois Housing Development Authority reports more than 4,500 home-buyers have reserved over $500 million in mortgage financing. Officials say that’s a record in the agency’s 30 years of mortgage lending.

The agency says it is a success story that comes as experts recognize the importance of first-time home-buyers in pushing economic development.

The Housing Development Authority uses unique ways to help. Officials say the agency offers 30-year fixed-rate loans, competitive interest rates and as much as $10,000 in down-payment assistance.

A key program is the governor’s Welcome Home Illinois. It offers $7,500 in down-payment assistance with an interest rate as low as 3.75 percent for a 30-year mortgage. The agency also offers special programs for veterans or those who choose to buy a vacant property.
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Online: welcomehomeillinois.gov

1 Comment

  • Lee

    So we’ve got people leaving illinois in droves, moving out of the state to find jobs (since there are no jobs) and this propaganda piece tries to tell us that people are flocking to get home loans. I wonder who in Quinn’s office put this propaganda out?

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