Partnership for HomeOwnership, Inc.

A Foundation of the Illinois Association of REALTORS

In 1996, the Illinois Association of REALTORS^® organized the Partnership for HomeOwnership, Inc. to help assist low-income rural Illinois residents achieve the dream of homeownership.  The Partnership has administered several multi-million dollar mortgage programs (in excess of $130 million), provided pre-purchase homebuyer counseling to over 1,500 Illinois residents, and is a HUD approved housing counseling agency.  The Partnership has completed phase 1 of the Quincy Project, which targeted very low-income urban residents of Quincy, Illinois. The Partnership also consults with cities and municipalities to assist with the development and funding of mortgage programs tailored to the needs of the community.  The Partnership recently oversaw the re-development of the www.credit-power.org high school educational Web site at that is available both in English and in Spanish.

NOTICES

Partnership's headquarters are located at:

522 South Fifth Street

Springfield, Illinois  62701

Phone: 1-800-370-6697

                                        

IAR HomePower Mortgage Program's interest rate is currently  6.75% (This applies to NEW reservations only).

 

 

IHDA's interest rates for the Rural Development Program are 7.10% with 1% in closing cost assistance or 6.75% with no closing cost assistance. (This applies to NEW reservations only.)

Currently, IHDA is requiring a 5% downpayment for this program.

 

Department of Human Services -- Asset$Illinois Program

 

 

IHDA G-I Loan for Heroes Program Ends - June 13, 2008

 

Foreclosure Victims facing Tax Bills -- Help!

 

USDA Rural Development Fiscal Year 2007-2008 News

 

Lender Notice for 2008 RD Funding