VA Home Loan
Home loans from the U.S. Department of Veterans Affairs are great programs for our nation’s veterans, active and reservist military.
- Up to 100% financing with no down payment
- Buyer-friendly with up to 4% seller concessions allowed
- High sales limits of up to $417,000
- No monthly mortgage insurance
Welcome Home Heroes – IHDA
Launched to honor those who sacrifice to safeguard our freedom, this program is open to all qualified Illinois veterans, active military personnel, reservists and Illinois National Guard members.
- $10,000 forgivable loan over two years for down-payment and closing-cost assistance
- 30-year fixed rate mortgage that has an affordable interest rate
- Optional mortgage credit certificate to reduce federal income tax liability