Business News • MarketWire • Guaranteed Rate First to Offer 1% Down Payment Loans to Chicago Home Buyers, Partnering With the City of Chicago to Provide Home Buyer Grants up to 7%

Guaranteed Rate First to Offer 1% Down Payment Loans to Chicago Home Buyers, Partnering With the City of Chicago to Provide Home Buyer Grants up to 7%

Guaranteed Rate First to Offer 1% Down Payment Loans to Chicago Home Buyers, Partnering With the City of Chicago to Provide Home Buyer Grants up to 7%

CHICAGO, IL--(Marketwired - June 09, 2016) - Guaranteed Rate, the largest mortgage provider in the City of Chicago, today announced its partnering with the City of Chicago and Chicago Infrastructure Trust (CIT) to offer a mortgage program to help Chicago residents become homeowners. The Chicago Home Buyer Assistance Program will allow Chicagoans to qualify for a home loan by lowering one of the biggest hurdles to homeownership: the down payment. The program will offer up to seven percent of the final loan amount as a forgivable grant. Guaranteed Rate hopes to help more Chicago families realize the comfort and stability of homeownership.

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