Mortgage Help for Veterans

Published On: December 19, 2011


In Illinois, veterans will now be able to qualify for $10,000 grants to help with down payments and closing costs.  Qualified applicants will be able to lock in loans for 4% interest for a 30 yr. mortgage and also receive a tax credit of up to $20,000.  The grants are funded by a combination of state and federal sources and are offered on a first come-first served basis.  The program is call "Welcome Home Heroes".  Applicants must meet certain income and purchase price requirements - see the website   ihda.org   for more information.