Huge IHDA Loan Updates for Chicago Home Buyers

HOLD UP:? Chicago Home Buyer Program Just Got a MAJOR Update!???

Chicago home buyers that meet the general criteria for purchasing a home may qualify for an IHDA mortgage. The numbers are mind-blowing with the recent updates to the program!? Now, more people than ever can qualify and utilize this program due to the following updates.

The IHDA MORTGAGE product, ensures that potential home buyers can afford the home, offer safe, fixed interest loans at affordable rates and qualified homebuyers can receive down payment and closing cost assistance.

Some of the IHDA loan limit changes include:

• Property values limits have increased to the $500-600,000 range, depending on whether you're in a targeted or non-targeted area. The opens the door to a LOT more inventory to consider with this new limit.?
• The IHDA program also offers rates that are typically a full percentage point lower than conventional ones.
• Up to $6,000 in closing cost credits.
• Income cap jumped from 78,000 to an incredible 132,000!?

I currently have three buyers taking advantage of this fantastic opportunity. It's an amazing program for those who once thought they made a bit too much to qualify.

Don't miss out—reach out to me today and let’s discuss if the IHDA program is right for you.

?#IHDAProgram #Homeownership #chicagorealestate #chicagorealestateagent #amandamcmillan #chicagohomepartner