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Homebuyer Expo offers $10,000 to first 300 buyers

Published: Wednesday, March 20, 2013 3:31 p.m. CST

Some 300 qualified homebuyers will be able to receive thousands of dollars in financial assistance for down-payments and closing costs through state-supported programs March 23.

The State of Illinois Homebuyer Expo will take place on Saturday, March 23 from 9 a.m. to 4 p.m. at Herman Hall, Illinois Institute of Technology, 3241 South Federal St., Chicago. The expo will be hosted by the Illinois Housing Development Authority (IHDA), the state’s housing finance agency.

IHDA offers a variety of loan programs that combine affordable mortgages with up to $10,000 cash for down payment and closing costs. SmartMove Trio is IHDA’s latest offering and is one of the best packages ever offered in the agency’s history.

Available for a limited time, SmartMove Trio offers first-time homebuyers that meet certain requirements an affordable 30-year fixed rate mortgage, up to $6,000 cash for down payment and closing costs and a federal income tax credit worth up to $18,000 over the life of the loan.

Interested buyers can apply for IHDA’s mortgage programs, including SmartMove Trio, at the homebuyer expo. Lenders and housing counselors will be on hand to advise homebuyers of the best loan for them.

Registration is required at www.ihda.org.

For those who have been considering buying a home, now is the perfect time to take action. The city of Berwyn will also be in attendance at the event, showcasing their neighborhoods and homeownership opportunities.

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