CHICAGO (AP) - Illinois Gov. Pat Quinn has announced a loan program for first-time home buyers who are veterans, military personnel, reservists and Illinois National Guard.
The Welcome Home Heroes program offers a $10,000 grant toward a down payment and a 30-year fixed rate mortgage of 4%. Home buyers must meet certain income and purchase price limits. Quinn announced the program Wednesday in Chicago.
Kristi Goodin and Zachary Zimerman, both U.S. Army National Guard specialists, were in the audience. They met in Iraq and will be married in June. They plan to be among the first to apply for the home financing. They say the program will allow them to afford a home in Springfield in a neighborhood with good schools for their 4-month-old son, Wyatt Zimerman.
Online:
http://www.ihda.org/homeowner/heroes.htm
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
