First Time Home Buyers
The real estate web community has been buzzing following announcements at a federal level that would create vehicles to allow homebuyers to access the $8,000 Tax Credit as part of their closing.
Great news–In the next few weeks, the Illinois Housing Development Authority will be releasing the procedural details for making this possible. Early whispers are that they’ll leverage the same income limits as before and have some sort of limitation on the loan size.
As always, when this is official, we’ll be among the first to roll it out. We are a Full Eagle FHA lender which means we have the ability to directly approve an FHA Condominium Approval.
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