Monday, January 23, 2012

Illinois Veterans and active duty: New mortgage program can help

Long time associate and mortgage expert Steve Dunnett sent us news of the following mortgage program in Illinois.  Before buying or re-financing, we always check with Steve!

Illinois has a great new program for Veterans, Active Military personnel, Reservists and Illinois National Guard members. Qualified buyers receive a $10,000 grant which is forgivable over a two year period and a mortgage rate that is typically below the market average. This can be combined with VA, FHA or Conventional financing.  

The $10,000 can be used for closing costs and down payment. Although the program is designed for first time buyers Veterans are exempt and do not need to be first time buyers! There are income and purchase price limitations but they are very generous and change from county to county so call me so we can find out if you qualify.

Stephen Dunnett, Loan Officer
NMLS ID: 755940
PH: 1-708-289-3408

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