Pekin Real Estate-Governor Quinn Announces New Home Financing Package for Illinois Veterans and Military Families Welcome Home Heroes Offers Up to $10,000 Plus Federal Tax Credit to Help Servicemembers and Veterans Purchase Their Own Home

CHICAGO – December 14, 2011. Governor Pat Quinn today launched the Welcome Home Heroes program to promote homeownership for Illinois Veterans, active military personnel, reservists and Illinois National Guard members. The financing package is available statewide, and provides a forgivable grant up to $10,000 toward the purchase of a new home, as well as an additional mortgage tax credit up to $20,000 over the life of the loan. Welcome Home Heroes will make homeownership even more affordable for thousands of military families and create more than 400 jobs throughout Illinois.

“The Welcome Home Heroes program honors and celebrates those who safeguard our freedom by providing them with an affordable path to homeownership,” Governor Quinn said. “Our servicemembers returning home from overseas deserve our help as they put down roots in their community and begin building a civilian life with their families.”

Welcome Home Heroes is open to all qualified Illinois Veterans. Active military personnel, reservists and Illinois National Guard members must be first-time buyers. The Welcome Home Heroes homebuyer financing package includes a forgivable $10,000 grant for down-payment and closing cost assistance, an affordable interest rate (4 percent as of today) for a secure 30-year fixed rate mortgage, and a mortgage credit certificate worth up to approximately $20,000 for the life of the loan.

If you would like to see if you qualify for this program in the Pekin Real Estate market, you may contact Brad Barnard, REALTOR®/Managing Broker at Kaebel REALTOR® in Pekin. Brad may be reached directly via mobile or text at 309-241-0313. Or you may visit www.livinginpekin.com or complete the form below.

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