A 10,000 Grant for veterans buing a home

Welcome Home Heroes!


IDHA has a program that provides critical financial support to men and women who have honorably served in our armed forces.

Welcome Home Heroes offers:

• $10,000 cash assistance to cover down payment
• 30-year fixed rate mortgage with a competitive interest rate
• Federal tax credit that reduces the federal income tax liability by up to $18,000 over the loan life*
• Variety of loan options to choose from, including FHA, Conventional, VA, and USDA

* based on a 30-year, $128,000 loan with a 4 percent interest rate

Eligibility:

• Veterans (need not be first-time homebuyers)
• Active military personnel, reservists and Illinois National Guard members (must be first-time homebuyers)

Requirements:

• Contribute one percent or $1,000 of the purchase price, whichever is greater
• Purchase a one- or two- unit property within Illinois
• Live in property as primary residence

Veterarns in the Chicago land area call today to see if you qualify for this program. 708-945-3315