IHDA is pleased to announce I-Refi, the first-of-its-kind refinance product for homeowners who owe more than their home is worth. Starting August 1, income-eligible homeowners can apply to receive up to $50,000 to buy down the principal balance on their current mortgage and refinance into a new, 30-year fixed rate mortgage that will be within 90 to 97% LTV based on the current appraised value.
For more information visit www.ihda.org/IRefi or call 1-877-456-8656.
The Village of Machesney Park is NOT administering this program – please direct all applications, questions, calls, e-mails, etc. to the Illinois Housing Development Authority only.
View IHDA’s press release on this new program HERE