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Posted on: January 20, 2017

IHDA offers assistance to underwater homeowners

i-refi

The new I-REFI program is designed to help homeowners who are current on their mortgage payments but owe more than their home is worth due to declining property values in their community. Illinois Housing Development Authority (IHDA) offers underwater homeowners up to $50,000 in federal assistance to reduce the balance owed on their mortgage and refinance into a new affordable loan based on the current market value of their home. Get started by contacting an I-Refi lender today. 

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