The National Association of REALTORS® estimates close to 2 million first-time buyers will take advantage of the $8,000 tax credit this year…and the clock is ticking! To qualify the transaction must close on or before November 30.
Check out the tax credit countdown ticker at www.YourillinoisHome.com and find a link to the Illinois Housing Development Authority’s Home Start loan program, which includes an optional Tax Credit Advance Loan – a zero-interest, short-term loan that can be used toward a down payment and then repaid when buyers receive their tax credits.