Wednesday, July 29, 2009

New loan to help first-time IL homebuyers

Home Start advances $8,000 federal tax credit to help with down payment

On July 22, the Illinois Housing Development Authority (IHDA) announced Home Start, a program offering qualified, first-time homebuyers a 30-year FHA-insured mortgage and the option of a zero-interest, short-term advance loan on their anticipated federal first-time buyer tax credit.

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