Monday, November 19, 2012 - Article by: Brett Boyke - Wintrust -
Illinois Veteran's can receive the $10,000 Welcome Home Heroes Grant, that can be combined with $0 down VA loans -currently at 3.25% - for an unbeatable way to purchase a new home.
Launched to honor those who sacrifice to safeguard our freedom, Welcome Home Heroes is open to all qualified Illinois veterans, active military personnel, reservists and Illinois National Guard members.
The Welcome Home Heroes homebuyer financing package includes:
o a $10,000 forgiveable loan over two years for down payment and closing cost assistance
o a 30-year fixed rate mortgage that has an affordable interest rate
o an optional mortgage credit certificate to reduce federal income tax liability.
o Veterans (who need not be first-time homebuyers)
o Active military personnel, reservists and Illinois National Guard members (must be first-time homebuyers)
o Buyers must qualify based on income and purchase price limits.
Please contact me for more details.
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