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Realtors

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... that consumers avoid predatory lending practices that can lead to foreclosure. ... and offers an alternative to predatory loans that can lead to foreclosure. ... – PowerPoint PPT presentation

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Title: Realtors


1
ILLINOIS STATE TREASURERALEXI GIANNOULIAS
Realtors
2
Illinois State Treasurers Finally Home
Program __________________________________________
_____________________
  • About the program
  • The Finally Home program helps borrowers with
    blemished credit obtain a secure, affordable
    loan. We partner with banks, credit unions, and
    savings and loans throughout the State of
    Illinois to ensure that consumers avoid predatory
    lending practices that can lead to foreclosure.
  • Credit enhancement for borrower
  • Risk reduction for financial institution

Realtors
3
Illinois State Treasurers Finally Home
Program __________________________________________
_____________________
  • Program History
  • How the program was created
  • Achievements
  • Uses
  • Purchase
  • Refinance
  • Criteria

Realtors
4
Illinois State Treasurers Finally Home
Program __________________________________________
_____________________
  • Eligibility Criteria
  • Property Types
  • Loan Limits
  • Income Limits
  • Example

Realtors
5
Illinois State Treasurers Finally Home
Program __________________________________________
__________________________________________________
________________________________________________
  • Next Steps
  • Application Process
  • Demonstration
  • Q and A
  • Who is not eligible?
  • Is my lender a participant?
  • What is the turn around time?
  • Other

Realtors
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The Finally Home Program helps homeowners secure
sustainable mortgages and offers an alternative
to predatory loans that can lead to foreclosure.
  • For more information
  • Website www.treasurer.il.gov
  • Phone 1-312-814-1700
  • Email finallyhome_at_treasurer.state.il.us

ALEXI GIANNOULIAS ___________________________
Office of the Illinois State Treasurer
Realtors
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