Peoples Bank & IHDA To Help 32 Homeowners

January 3, 2014

Peoples National Bank And IHDA To Help 32 Homeowners

Peoples National Bank along with the Illinois Housing Development Authority is proud to help provide affordable options to homeownership. In 2013, Governor Pat Quinn’s “Year of Homeownership” program helped 4,500 homebuyers reserve $483 million to purchase an affordable home. Peoples National Bank is proud to be a partner in offering these affordable lending options. In 2013, Peoples National Bank in conjunction with the Illinois Housing Development Authority provided 32 homeowners over $2.5 million to purchase an affordable home.

The foundation of the IHDA programs is to provide low interest rates and down payment assistance to First Time Homebuyers, Veterans, and repeat Homebuyers. Participants in the program must fall within Low to Moderate Income Limits for their respective county. IHDA has participated with local lenders like Peoples National Bank to provide special financing for more than 30 years. In 2013, the highlight of their many programs was the Welcome Home Heroes program. This program assisted qualified Veterans with $10,000 in Down Payment and Closing Cost assistance. Peoples National Bank has many other loan programs to help provide the dream of homeownership. For information on IHDA and other loan programs, call 618-241-6550 and ask for the Mortgage Lender nearest you.

Peoples National Bank proudly serves nine counties throughout Southern Illinois and is available to help meet the needs of the communities it serves.