New IHDA ACCESS Mortgage Programs Can Help You Buy A Home
If you are thinking about purchasing a home but money is a little tight, we’ve got some BIG news for you! On February 1st, 2018, The Illinois Housing Development Authority (IHDA) rolled out THREE new programs that helps people statewide with limited income purchase a home.
The main objective of using an IHDA loan product is to make the idea of homeownership reality. Each program is custom designed to make sure borrowers can comfortably afford they home they buy.
In addition, the program offers safe fixed-interest loans with affordable rates that won’t break your wallet. Qualified homebuyers can even receive down payment and closing cost assistance.
Recently, the IHDA announced they have created three new Access Mortgage products. The program welcomes first-time and even repeat homebuyers to utilize the products. Each Access Mortgage program has special down payment options to accommodate borrower’s financial needs.
Eligible borrowers can receive up to $10,000 to help finance the down payment and closing costs for either their new or existing home. These programs are also offer statewide, which makes the idea of homeownership easier to obtain.
With affordable fixed-interest rates and countless benefits, all three Access Mortgage programs make purchasing a home stress-free!